AI debt collectors fare worse than humans
While loan servicers are eyeing AI to make collection calls cheaper and faster, a recent study suggests non-human debt collectors ...
Tag: Carvana
Carvana launches real-time down payment capabilities
Carvana has implemented request for payments technology and instant payments capabilities for down payments on vehicle purchases, allowing consumers to ...
Carvana issues $670M ABS deal, eyes growth
Carvana issued its second prime auto asset-backed securitization transaction of the year today as the retailer eyes continued portfolio growth ...
High-tech ancillary products drive F&I costs up 10%
Rising vehicle costs could prompt OEMs to scale back on high-tech add-on products in some models. Kevin Cullum, president of ...
Retailers, lenders target automated payments, AI support
Lenders and retailers are focused on automating payments wherever possible and using AI for customer communication and servicing. Retailer Carvana ...
Carvana originations rise 44.1%
Carvana’s originations rose in the first quarter as the company prioritized growth and used-vehicle retail sales increased. Originations totaled $2.7 ...
Auto lenders transform customer experience with agentic AI
It’s dark outside and you are browsing available vehicles in your area from your phone as you plan your next ...
Carvana shares dip while originations soar 53.3%
Shares of Carvana fell by nearly 17% this morning following the retailer and lender’s latest earnings, which saw an increase ...
