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Bloomberg News
  • 9:17 am

Auto Finance Technology sponsored by InformedIQ

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Single-pay leases spur customer retention

Automakers such as Mercedes-Benz are leveraging single-pay lease offers to provide flexibility to consumers and drive

  • Amanda Harris
  • February 2, 2024

Group 1 F&I revenue grows 8%

Group 1 Automotive’s finance and insurance profits increased in the fourth quarter while finance attachment rates

  • Riley Wolfbauer
  • February 2, 2024

US payrolls and wages surge, likely keeping Fed rates on hold

US employers added the most workers in a year and wages jumped in a surprise reacceleration

  • Bloomberg News
  • February 2, 2024

Tricolor projects originations at $1.3B 

Tricolor Auto Acceptance projects origination volume to surpass $1 billion in 2024 as the company expands

  • Amanda Harris
  • February 1, 2024

Credit Acceptance Corp. originations increase 27%

Credit Acceptance Corp.’s originations jumped for the seventh consecutive quarter as compressed margins and stricter access

  • Riley Wolfbauer
  • February 1, 2024

CFPB report on auto lending expected in Q1

LAS VEGAS — The American Financial Services Association is expecting an auto finance report from the

  • Joey Pizzolato
  • February 1, 2024

Penske Auto sees strong credit availability despite lender pullback  

LAS VEGAS — Penske Automotive has seen no disruption in credit availability for its customer base

  • Joey Pizzolato
  • January 31, 2024

AI-based lending boosts dealer profitability 

Dealers that combine AI-based financing capabilities with in-store sales processes are seeing increased profit per vehicle

  • Amanda Harris
  • January 31, 2024

Credit Union Auto Lending Surges

David Thompson

  • 4 hours ago
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