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Technology

Emma Sandler

Auto Finance Technology sponsored by InformedIQ

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Lower rejection rates aid improved industry performance (Big Wheels) 

A decline in auto loan rejection rates contributed to improvement in the auto finance industry’s overall

AutoNation Finance originations skyrocket 134% in H1

AutoNation Finance’s originations jumped in the second quarter as credit performance improved, finance and insurance revenue

MarineMax F&I revenue up 8.2% amid declining boat margins

Marine retailer MarineMax’s finance and insurance revenue increased in the third quarter of its fiscal year

E-contracted auto loan volume in ABS deals falls 55% 

The volume of digitally contracted auto loans in auto asset-backed securitization transactions plummeted in the second

Kia reshapes US sales strategy, cuts incentives over tariffs

Kia Corp. will adjust its business operations in the US and cut incentives for retail customers,

Tesla lease penetration falls under 2% as sales decline 

Tesla’s lease penetration declined in the second quarter in tandem with a drop in sales and

Investment in auto fintechs totals $1.9B through June (Under the Hood) 

Investors pumped $1.9 billion of capital into auto fintechs through June as the average transaction size

Group 1, Sonic Auto F&I revenue climb in Q2

Retailers Group 1 Automotive and Sonic Automotive reported double-digit year-over-year increases in finance and insurance revenue

Credit Union Auto Lending Surges

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