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Auto Finance Summit 2024 agenda is live
The 24th annual Auto Finance Summit returns Oct. 7-9 at Wynn Las Vegas, providing attendees with fresh market insights and...
Fed officials dial back rate forecasts, signal just one ’24 cut
Federal Reserve officials penciled in just one interest-rate cut this year and forecast more cuts for 2025, reinforcing policymakers’ calls...
Lenders turn to PTI amid affordability concerns
Lenders have started looking more at payment-to-income ratios when making credit decisions as affordability remains a challenge, especially in nonprime...
Credit availability worsens sequentially in May
Access to auto credit worsened for the second month in a row but improved year over year in May, while...
Podcast: ‘Weekly Wrap’ on leasing, NAF Summit
Leasing is picking up in tandem with incentives while used-vehicle values decreased in May — positive signs toward improving affordability. ...
Big Wheels: Auto outstandings rise 2.4% in Q1
Auto outstandings fell 0.2% sequentially but increased 2.4% year over year in the first quarter of 2024. Motor vehicle loan...
Effective AI-based models must fit lender goals
Lenders have been quick to implement AI and machine learning models to grow their business — sometimes too quick. ....
Manheim Used Vehicle Index falls 12.1%
Wholesale used-vehicle values declined month over month and year over year in May, but used-vehicle sales inched up sequentially. ...
