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Powersports Finance News

Johnnie Martinez II

Auto Finance Technology sponsored by InformedIQ

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Credit Acceptance enacts ‘final’ planned layoffs as it builds new sales strategy

Credit Acceptance Corp. cut 6% of its staff as the Southfield, Mich.-based lender restructures its sales

Used-car leasing getting a second look 

Despite residual forecasting challenges, cost barriers and incentive competition, captives and credit unions continue to mull

TD Auto Finance Canada automates one-third of manual processes

TD Bank is reaping the rewards of its continued investments in AI and is close to

TD Bank auto loans rise as Scotiabank credit costs ease 

Canada’s largest banks reported a mixed automotive-finance picture in their fiscal third quarters, with TD Bank,

TD Auto Finance Canada automates one-third of manual processes

TD Bank is reaping the rewards of its continued investments in AI and is close to

‘Data is the fuel’: What dealers, lenders should know as customers use AI search for deals

Dealers might want to regularly update their online inventory listings and engage with more reviews to

SOFR rates steady through late August (Big Wheels)

The Secured Overnight Financing Rate held relatively steady from late July through late August, offering some

Vroom FICO shifts higher on heels of credit scoring enhancements 

Vroom’s data-driven credit engine and scoring enhancements are expected to improve credit performance in future securitizations.

Credit Union Auto Lending Surges

David Thompson

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