Technology
EV finance startup Tenet secures $10M facility
Electric vehicle (EV) lender startup Tenet is looking to increase origination volume and expand into EV charger financing after securing...
GM’s electric car line will be profitable in 2025, Barra says
General Motors Co. plans to tell investors that the company expects its electric-vehicle program to be profitable in 2025, the...
Honda partners with Upstart for digital retailing
Honda Digital Solutions (HDS) is partnering with Upstart to integrate the artificial intelligence (AI)-based lending platform’s omnichannel retail lending software...
Santander Consumer USA to launch lead generation website
Santander Consumer USA (SCUSA) is gearing up to launch a lead-generation website that highlights the lender’s financing offering while also...
E-contracting rises 60% in Q3
Auto lender e-contracting adoption increased year over year despite overall volume reaching its lowest numbers for 2022. E-contracting grew 60%...
US Bank utilizes consumer vehicle data to improve sales
U.S. Bank is leveraging consumer data on vehicle maintenance, age and condition in order to keep consumers in its sales...
CarMax Auto Finance incorporates prequal on dealership lots
CarMax Auto Finance (CAF) has expanded its omnichannel finance-based shopping offering to give prequalified customers real-time updates to their monthly...
Consumer Portfolio Services bets on automation to increase efficiencies
Subprime auto lender Consumer Portfolio Services (CPS) inked a pair of fintech partnerships in September to automate credit decisioning and servicing operations...
