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Risk Management

Larissa Padden

Auto Finance Technology sponsored by InformedIQ

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ATPs finish 2022 at another record high 

New-vehicle average transaction prices finished 2022 at a record high following three months of increases, while

UACC insulated from Vroom staff cuts  

United Auto Credit team members were excluded from the Jan. 18 Vroom staffing cuts that saw

Ally auto originations fall 16% amid low ‘risk appetite’ 

Ally Financial lowered its risk appetite in the fourth quarter, contributing to a dip in auto

Consumer Portfolio Services updates automated decisioning tool

Consumer Portfolio Services is gearing up to launch the latest iteration of its automated origination “scorecard.”

Fed: Higher interest rates constrain vehicle sales amid improving supply  

Vehicle sales remained mixed across the country at the end of 2022 as holiday traffic bolstered

Truist’s auto book grows 5.7% YoY

Truist’s auto book grew on a year-over-year basis in the fourth quarter, but the bank expects

Fifth Third forecasts 16% dip in auto originations in 2023

A decline in auto loan production offset growth in Fifth Third’s consumer portfolio in the fourth

Fed: Equipment supply chain, commercial lending mixed

Equipment supply chain disruptions have eased, but several regions are still experiencing challenges that drive up

Credit Union Auto Lending Surges

David Thompson

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