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Credit unions tighten standards on 84-, 96-month auto loans

Credit unions are tightening requirements on their longest auto loan terms as they balance affordability pressures affecting prime consumers with

ABS risk from longer-term loans is issuer-specific, analysts say

The risk from packaging more auto loans with terms of 72, 84 or 96 months into auto asset-backed securitization deals

BMW X5 models lined up at BMW Plant Spartanburg

BMW Financial Services, BMW Group lean into EVs amid new BMW X5 rollout 

GREER, S.C. – BMW Financial Services is working with dealers to support continued electric vehicle sales as BMW Group gears

A car dealer walks past cars for sale at a used car dealership in Jersey City, New Jersey, U.S, on Wednesday, May 20, 2020. Governor Phil Murphy has lifted restrictions on in-person auto sales, provided the businesses follow social distancing guidelines, NBC reported.

BHPH dealers prioritize debt paydown amid auto market shift

Buy here, pay here dealers are reevaluating how much debt they need to grow as higher borrowing costs and changing

Nissan cuts costs on Mexico-made cars to mitigate 25% tariffs

Nissan Motor Co. is working to cut costs on Mexico-made models to blunt the impact of tariffs that have rendered

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Credit unions tighten standards on 84-, 96-month auto loans

Credit unions are tightening requirements on their longest auto loan

ABS risk from longer-term loans is issuer-specific, analysts say

The risk from packaging more auto loans with terms of

Technology

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

Agora Data platform to offer vehicle service contracts, GAP 

AI-powered auto fintech Agora Data will provide vehicle service contracts

Exclusive: Brex, Tekion launch dealer-facing expense management platform 

Auto dealers can cut costs by automating corporate card and

FIS, Fuse partner on auto, equipment finance origination platform

FIS and cloud-native lending technology provider Fuse have formed a

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