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The lenders lost over one point of new-car loan and lease market share in 2022, finds Experian.
https://www.autodealertodaymagazine.com/371292/honda-chase-auto-lose-auto-lending-market-share
Auto lenders, securitization providers continue adoption of digital assets, workflows, but industry headwinds could slow progress.
https://www.autodealertodaymagazine.com/369990/auto-finance-index-reflects-digital-transformation-adoption
Also simplifies web address in effort to add to its ease of use.
https://www.autodealertodaymagazine.com/369734/smart-payment-plan-now-smartpay
E-signature and e-contracting technologies are more widespread, but digital e-vault tools for securitization and collateralization are focus for 2023
https://www.autodealertodaymagazine.com/369547/auto-finance-pros-progressing-on-digital-adoption
Credit Acceptance boosts loan volume, value but lowers collection rate forecast.
https://www.autodealertodaymagazine.com/369271/subprime-lender-has-mixed-q3-results
Inflation and interest rate hikes could dampen consumer demand.
https://www.autodealertodaymagazine.com/369067/financial-forces-threaten-improved-auto-supply-chain
Draft regulations would target bait-and-switch price ads, misleading F&I practices, and valueless F&I products.
https://www.autodealertodaymagazine.com/368881/nada-blasts-ftc-over-proposed-dealership-rules
McLaren and Fisker have branded their auto finance ventures and have them supported by Chase.
https://www.autodealertodaymagazine.com/368451/mclaren-and-fisker-choose-chase-for-branded-financing
Powered by its robust offering, SAF continues to sign dealer agreements and fund loans.
https://www.autodealertodaymagazine.com/368110/solera-auto-finance-builds-momentum-and-advances-to-20-states-within-two-months-of-launch
Wholesale prices continued to gain momentum, with all segments reporting week-over-week increases last week.
https://www.autodealertodaymagazine.com/366148/black-book-weekly-market-update-5