Risk Management
GAP penetration slumps at Gravity Lending, depreciation protection fills gap
Auto refinance fintech Gravity Lending has logged a decrease in guaranteed asset protection (GAP) penetration as historic used-vehicle values continue...
Ford market cap tops $100 billion for first time on EV surge
Ford Motor Co.’s market value topped $100 billion for the first time as investors bet on the 118-year-old automaker’s prospects...
US inflation hits 39-year high of 7%, sets stage for Fed hike
U.S. consumer prices soared last year by the most in nearly four decades, illustrating red-hot inflation that sets the stage...
Auto loan application fraud tied to fake employers surpasses $1B
Fraudsters are increasingly utilizing fake employers to generate forged paystubs, falsify income and create synthetic identities to secure auto loans...
Listen: Weekly Wrap discussion on preparing for changes to the GLBA
With the Federal Trade Commission’s changes to its rules for how financial institutions safeguard consumer data, which went into effect...
Used-vehicle values inch up in December as inventory improves
Used-vehicle values ticked up in December 2021 on a seasonally adjusted basis as used retail and wholesale inventory continue to...
GM loses spot atop US car market to Toyota: Auto sales update
For the first time since 1931, General Motors Co. isn’t the top-selling automaker in the U.S. The Detroit-based manufacturer lost...
December incentive spend drops 65% YoY
Incentive spending fell further in December as inventory constraints continue to limit vehicle sales, pushing the seasonally adjusted annualized rate...
