Dealers Wary of AI in Auto Finance
Poll shows growing aversion to technology’s accelerating part in process.
Poll shows growing aversion to technology’s accelerating part in process.
Captives’ market share surges in first quarter as many shoppers switch from used to new vehicles.
March loosening is second month in a row of eased access.
Prime share continued to dominate in the quarter, Experian data show.
Two surveys find process is getting easier and more satisfying as inventories grow.
Interest rates increasing the costs, with no end in sight, Edmunds finds.
August Cox Auto index shows access loosened across most channels, all lender types.
The lenders lost over one point of new-car loan and lease market share in 2022, finds Experian.
Auto lenders, securitization providers continue adoption of digital assets, workflows, but industry headwinds could slow progress.
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