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Subaru Motors Finance: Leasing beats 84-month loans

Subaru Motors Finance says it supports incentives that encourage borrowers to lower their monthly payments through leasing rather than financing

West Marine bankruptcy shifts to recapitalization after auction fizzles

West Marine’s Chapter 11 restructuring has shifted from an auction process to a recapitalization transaction as the boating-products retailer manages

Light-duty, used-vehicle values rise 4.8% in June (Big Wheels)

Values remained elevated on used cars and used electric vehicles in June, with battery EV supply outpacing the wider market.

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The Maruti Suzuki India Ltd. Invicto sport-utility vehicle during its launch in Gurgaon, India, on Wednesday, July 5, 2023. Maruti, known for making affordable cars for the mass market, unveiled a new SUV with a base price of 2.48 million rupees ($30,200) as it aims for a more affluent consumer base. Photographer: Ruhani Kaur/Bloomberg

Savings-builder account could ease negative equity burden (Under the Hood)

Lower down payments have prompted some lenders to finance vehicles at 100% loan-to-value ratios. But one Indian automaker has taken

VW proposes to cut back on model lineup to streamline offering

Volkswagen AG’s management said it plans to cut the carmaker’s sprawling model lineup by as much as half, a limited

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Subaru Motors Finance: Leasing beats 84-month loans

Subaru Motors Finance says it supports incentives that encourage borrowers

West Marine bankruptcy shifts to recapitalization after auction fizzles

West Marine’s Chapter 11 restructuring has shifted from an auction

Technology

Auto Finance Technology sponsored by InformedIQ

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Auto lenders look to agentic AI, ‘vibe coding’ in underwriting, compliance, collections

Auto lender Arivo Acceptance wanted to develop new software faster,

Odessa launches code-free platform tool for asset finance teams

Odessa launched Configurable Attributes, a code-free platform capability that allows

BMW Financial Services eyes AI voice call tech by Q4 

BMW Financial Services will roll out customer-facing AI for call

Auto lenders face modernization gap as legacy systems slow

Auto lenders are among consumer finance companies under pressure to

AI the biggest transformer of auto finance in 3-5 years, execs say 

AI is evolving from an internal cost-cutting tool into a

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