Increased scrutiny raises costs of ancillary product refundsÂ
Auto lenders, dealers and aftermarket product providers face an uptick in regulatory oversight that will require collaboration to streamline processes ...
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Hyundai Capital America’s Brutti talks growth through innovationÂ
Hyundai Capital America is focused on growing through innovation, product and portfolio diversification, and careful consideration of the competitive landscape. ...
Chase Auto taps bank channels to support private label partnersÂ
Chase Auto uses ATMs, branches and digital channels as well as the bank’s own products to drive business for its ...
Avid Acceptance dips into lower credit tiers after originations plummet 80%
Avid Acceptance has expanded into its lower credit tiers after originations plummeted in 2023 amid a focus on higher-quality applications. ...
Lendbuzz retrains credit models as expansion sees defaults doubleÂ
AI-based auto lender Lendbuzz’s default rate doubles when the lender expands into a new region, prompting updates to the financier’s ...
3 drivers for AI integration at GM Financial
GM Financial is looking to AI to streamline processes and boost customer experience, Chitra Herle, global chief information officer, said at Auto ...
Lenders look to expand subprime reach
Auto industry partners are working to establish lending options that are mutually beneficial to lenders, dealers and subprime consumers amid ...
Mass EV adoption slows amid headwindsÂ
Social impact, lack of dealer support and struggling business models are hindering mass EV adoption while EV manufacturers Rivian and ...
