Risk Management
Podcast: ‘Weekly Wrap’ on credit tightening, performance
The auto finance industry continues to face a tightened credit environment, worsening credit performance and recoveries, and shrinking subprime market...
Off the Lot: Time to reevaluate credit models, or repeat 2022
Pandemic and post-pandemic originations were initially some of the best most companies experienced. Borrowers were flush with stimulus funds and...
Credit tightening contributes to subprime market shrink
Subprime market share continued to decline across total new- and used-auto loans in the fourth quarter as subprime lenders have...
Some captives charging dealers for failing to process loans digitally
Hyundai Capital America is charging dealers fees for paper contracts to get them to switch to e-contracting, and GM Financial...
Rates continue to pressure refinance savings
High interest rates are leading to lower savings for consumers when they refinance their vehicle, but consumer interest remains mixed...
EV Life expands into used-EV financing
Electric vehicle fintech EV Life has launched used-EV financing as an influx of used EVs hits the market and demand...
Podcast: ‘Weekly Wrap’ on aftermarket compliance, EVs
Aftermarket product sales have become more crucial for dealerships as vehicle profits decline, prompting the industry to increasingly turn to...
Under the Hood: Tech complexity spurs enhanced risk measures
Advances in digitalization and machine learning are sparking a need for lenders to revisit operational risk management protocols. In the...
