Vehicle Sales
AFN Composite Index
+7.00%
Inventory Index
SOFR
APR 48 Mos.
LAS VEGAS – Wells Fargo is increasing its credit decisioning automation in an effort to enhance dealer satisfaction in its auto business. The bank’s automotive credit decisioning reached 70% automation in 2022, up from 50% in 2021, Head of Wells Fargo Auto Tanya Sanders said at the Auto Finance Summit on Thursday. “We spent the last two years improving our […]
Already subscribed? Log in
Auto lender Arivo Acceptance wanted to develop new software faster, so it enlisted a group mainly comprised of interns with...
Extra-long car loans can lower consumers’ monthly payments, but they also keep dealers from selling vehicles to those customers for...
Alternative asset management firm Bayview Asset Management in the past five years has purchased about $25 billion in auto collateral through bulk...
Luxury vehicle dealerships are fighting a rapidly growing scam in which fraudsters impersonate delivery companies to steal vehicles. Kalamazoo, Mich.-based...
David Thompson
David Thompson
David Thompson
