Federal Reserve announces emergency meeting on auto lending regulations • Click for details

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Aidan Bush

Auto Finance Technology sponsored by InformedIQ

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Auto lenders eye AI for underwriting, compliance monitoring

LAS VEGAS — Lenders are balancing adoption of AI for auto loan underwriting with staying compliant

Morgan Auto average loan term reaches 77 months

LAS VEGAS — Florida auto dealer Morgan Automotive Group’s average auto loan term is about 77

TD Auto eyeing 70% automated decisioning by yearend 

LAS VEGAS — TD Auto Finance has scaled up automated decisioning over the past year as

AI agents parse data, pare manual work for auto lenders 

LAS VEGAS — Auto lenders are using AI to comb through large amounts of consumer data

Yamaha, Deere partner on side-by-sides

Yamaha Motor and John Deere are teaming up to develop side-by-side vehicles, combining their respective engineering

Truist boosts auto-loan approvals by 20 percentage points using AI

Truist is leaning into AI-powered underwriting to increase approval rates and enhance customer experiences. The $556

Carvana’s financing penetration reaches 85%

LAS VEGAS — Carvana’s financing penetration is at 85% thanks to its full credit spectrum offerings

Santander Consumer USA builds funding stability as it expands prime auto lending

LAS VEGAS — Santander Consumer USA has shifted its funding strategy and expanded dealer-facing initiatives as

Credit Union Auto Lending Surges

David Thompson

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