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73-84-month loans on new and used vehicles increase YoY in Q1 2022
The share of longer-term loans on new and used vehicles increased year over year in the first quarter of 2022,...
0% APR incentive share ticks up in early June
The share of 0% financing offers jumped up in early June as OEMs tap into consumer demand, but tight supply...
US inflation quickens to 40-year high, pressuring Fed and Biden
US inflation accelerated to a fresh 40-year high in May, a sign that price pressures are becoming entrenched in the...
Consumer Portfolio Services revamps to think more like a fintech
Consumer Portfolio Services is going all in on artificial intelligence (AI), machine learning (ML) and big data as the 31-year-old...
Auto lenders could be on the hook for 6-figure attorney’s fees following California court ruling
Auto lenders could be required to pay hundreds of thousands of dollars in legal fees related to alleged dealer misconduct...
What will it take to satisfy CFPB on AI-based credit decisioning?
The Consumer Financial Protection Bureau (CFPB) placed artificial intelligence (AI)- and machine learning (ML)-powered credit decisioning into its crosshairs last...
BRP optimizes side-by-side vehicle production in fiscal Q1 2023
Canadian powersports manufacturer BRP redirected its production efforts to side-by-side vehicles during the first quarter of its fiscal year 2023...
GM Financial job applicants demand workplace flexibility
GM Financial is redefining its workforce strategy as millennial and Generation Z job applicants demand new requirements from employers, including...
