Financing Archives

AI in Auto Lending: A Smarter, Safer Future Powered by Intelligent Decisioning

The auto lending landscape is undergoing a radical transformation. Artificial intelligence (AI) is no longer just a buzzword; it’s a force reshaping how lenders operate, how decisions are made, and how customers engage with financing. From improving credit assessments to...

May 1, 2025

Consumer Anxiety Over Auto Loan Approvals Hits 15-Year Peak

Automotive Finance Consumer Credit Credit Approvals Prequalification

Consumer Anxiety Over Auto Loan Approvals Hits 15-Year Peak

The Growing Disconnect in Auto Financing Recent data highlights a widening gap in the auto financing industry—while credit access is improving, consumer anxiety around securing loans is at an all-time high. The Federal Reserve Bank of New York’s February Survey...

March 19, 2025

More positives from Wolters Kluwer Auto Finance Digital Transformation Index

Automotive Finance Digital Retailing

More positives from Wolters Kluwer Auto Finance Digital Transformation Index

Analysis by Wolters Kluwer Compliance Solutions from its Q4 Auto Finance Digital Transformation Index showed adoption of digitized contracting and documentation workflows by auto retailers and their financing partners that foster back-office efficiencies saw a noticeable jump to close last...

February 3, 2025

Addressing the Affordability Challenge with F&I Products

Consumer Credit F&I

Addressing the Affordability Challenge with F&I Products

Blog Post: Addressing the Affordability Challenge with F&I Products The automotive market is facing a growing affordability crisis. With rising vehicle prices, increasing maintenance costs, and persistent economic uncertainties, consumers are finding it harder to manage the financial demands of...

December 12, 2024

CarGurus Launches Digital Retail Platform to Streamline Car Buying in Canada

Digital Retailing

CarGurus Launches Digital Retail Platform to Streamline Car Buying in Canada

CarGurus has unveiled its new Digital Deal platform, aimed at creating smoother connections between dealerships and car shoppers ready to buy in Canada. This platform allows consumers to initiate financing applications online for eligible new and used vehicles, schedule appointments,...

November 5, 2024

Exploring Trends in Automotive Finance – Leasing and Cash Purchases Surge Amid Affordability Concerns

Automotive Finance Automotive Lending Consumer Credit

Exploring Trends in Automotive Finance – Leasing and Cash Purchases Surge Amid Affordability Concerns

As the automotive market undergoes major shifts, affordability remains a critical challenge for consumers. However, recent trends in leasing and cash transactions suggest that some alternatives are helping to ease financial pressures. In a recent episode of CBT Now, Melinda...

October 25, 2024

Survey Reveals Gaps in Americans’ Credit Management and Financial Literacy

Automotive Finance Consumer Credit

Survey Reveals Gaps in Americans’ Credit Management and Financial Literacy

The importance of maintaining good credit is a well-known principle in personal finance. Yet, a recent survey by BadCredit.org has uncovered that a significant number of Americans are not actively managing their credit health. The study, which polled 500 adults...

October 3, 2024

S&P Global Ratings Highlights Historical Patterns in Subprime Auto Loan

Automotive Finance Latest News Non-Prime Financing

S&P Global Ratings Highlights Historical Patterns in Subprime Auto Loan

In the world of subprime auto finance, history has a way of repeating itself. The latest report from S&P Global Ratings reveals a familiar pattern of rapid growth followed by performance deterioration within subprime auto finance asset-backed securities (ABS). This...

August 27, 2024

Navigating the Decline in US Subprime Auto Loans

Automotive Finance Consumer Credit

Navigating the Decline in US Subprime Auto Loans

The automotive finance sector continues to grapple with evolving market dynamics, as evidenced by the latest findings from TransUnion’s Q2 2024 Quarterly Credit Industry Insights Report. The report highlights a continued decline in subprime auto loan originations, a trend that...

August 12, 2024

Embracing AI for Financial Management: Insights from BMO’s Latest Survey

Consumer Credit

Embracing AI for Financial Management: Insights from BMO’s Latest Survey

Artificial Intelligence (AI) is increasingly becoming a vital tool for managing personal finances. The BMO Real Financial Progress Index has revealed that a significant number of Americans, especially Gen Z, are leveraging AI to enhance their financial management. This blog...

July 31, 2024