Driveitaway Holdings founder and Chief Executive John Possumato views this as the most exciting time to be a part of the automotive industry as it works toward a transition to electric vehicles.   Mobility platform DriveItAway, founded in 2017, offers a...

Lenders can improve their underwriting programs for electric vehicles by considering the vehicle itself — along with traditional credit risk metrics.   Spring Free EV, for one, identified best practices for assessing risk beyond credit scores as it was building its...

Most early payment default cases, in which the borrower stops paying within the first six months, include fraudulent information on the loan application, making it crucial for lenders to identify misrepresentation prior to funding a loan.  There are several ways for...

Auto lenders are increasingly turning to third-party technology providers to build tech stacks and expand their capabilities to save time and resources.  Ally Financial turns to third-party providers for new technology when the lender does not have the capacity to build...

Subprime lender Flagship Credit Acceptance tailors its marketing strategy to the dealer type, in an effort to maintain strong relationships amid market competition and make dealers’ jobs easier.  Lenders must consider dealer individuality when choosing how to market their products to...

Consumers have expressed strong interest in purchasing green vehicles in recent years, which is good news for the environment, the economy and the auto industry. The International Energy Agency reported that some 13% of all cars sold in 2022 worldwide were...