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US GDP growth was slower last quarter on soft consumer spending
The US economy grew at a slower pace in the first quarter than initially reported, primarily reflecting softer consumer spending...
Fed: Incentives pick up as auto sales fall flat
Automotive retail sales were mostly flat in April as manufacturers continued to offer incentives to spur sales amid affordability concerns...
Auto lenders weigh sustainability in decisioning
Auto lenders are considering environmental factors when making financing decisions, a move that could affect which assets they finance as...
Big Wheels: New-, used-vehicle loan rates rise more than 50 bps
Auto loan interest rates on new and used vehicles inched down sequentially in May but remained higher than rates reported...
AI trends: Rise of specialized chatbots
Google rebranded its AI chatbot Bard to Gemini, reflecting its advanced large language model capabilities. . This is part of...
Under the Hood: Latest deal drives CU ABS volume over $4B
First Community Credit Union has joined the growing ranks of credit union auto loan securitizers. The Houston-based financial institution issued...
Early payment default rates double on kicked deals
Early payment defaults escalate auto fraud risk, which doubles when a loan rejected by one lender is later funded by...
CarNow eyes chatbot improvements, responsible AI use
Digital retail company CarNow is using AI to streamline operations and increase productivity for dealers. CarNow, which offers digital solutions...
