In a move geared toward more credit access, Zest AI on Tuesday announced the native integration of its automated underwriting and fraud detection with the Temenos loan origination solution. The companies highlighted this seamless integration provides traditional financial institutions in the U.S. with sophisticated tools fueled by artificial intelligence to increase loan approvals while maintaining […] [Read More]

In the rapidly evolving landscape of auto finance, artificial intelligence emerges as a transformative force. For lenders, the adoption of AI presents an opportunity to enhance decision-making processes, streamline operations, and ultimately improve customer satisfaction. However, the integration of this technology must be balanced with the need to ensure it is used responsibly, reducing bias […] [Read More]

Experian is now deep into the car insurance business, too. The company on Wednesday announced the expansion of its Experian Marketplace portfolio with the addition of Root Insurance, a technology entity powering insurance solutions. Experian said this partnership gives consumers another carrier option for affordable and personalized car insurance with a streamlined shopping experience. Experian […] [Read More]

While the Federal Reserve hasn’t lowered interest rates yet this year, institutions that participate in auto refinancing are upbeat about the volume they could generate in the coming months. Two examples of the bullish perspective recently came from iLending and PenFed Credit Union. Via its spring installment of the State of the Auto Refinance Industry, […] [Read More]

The National Automobile Dealers Association has doubled down on its push against California’s rigid vehicle emissions plan. NADA president and CEO Mike Stanton sent a letter to all members of the U.S. House of Representatives urging them to pass a resolution to revoke a waiver that allows California to enforce its Advanced Clean Cars II […] [Read More]

As the retail auto world braces itself for the impact of tariffs on new-car sales, AutoNation sees used-car sales as a potential cushion against that impact, but supply remains a challenge, its executives said on the auto retailer’s first quarter earnings call. Used is an area that is less impacted by tariffs, AutoNation CEO Mike Manley said, so it is an area of ... [Read More]

Handwringing in the new-car market is already driving up sales and prices in the retail used-car market, according to analysis around the latest CARFAX Used Car Index, which saw prices increase nationally month-over-month in April for every segment it tracks. Amid the Trump administration’s tariffs driving economic uncertainty, used-car prices climbed at twice the rate […] [Read More]

Used car prices are rising. For most used cars, anyway. A study by iSeeCars found 20 models that have shown “significant” price decreases over the past 12 months, led by the Tesla Model S. The analysis of the retail prices of 1.4 million used cars showed the Model S — one of four Teslas on […] [Read More]

S&P Global said Tuesday it plans to spin off its mobility business unit — which includes brands like CARFAX, automotiveMastermind, Polk Automotive Solutions and Market Scan — into a standalone publicly traded company. S&P Global would continue as a provider of credit ratings, benchmarks analytics and workflow solutions through its four core businesses: S&P Global […] [Read More]

Jesse Robb began to work with America’s Car-Mart at 21 and soon sought a mentor to cultivate his potential path with the buy-here, pay-here dealership chain. Now, Robb is the general manager of Car-Mart’s dealership in Bowling Green, Ky. Robb also was the company’s 2024 Mentor of the Year. In his leadership position, here’s how […] [Read More]