How to Tackle Rates, High Prices and Economic Challenges
What auto retailers and lenders can do to help consumers get into a car loan they can afford.
What auto retailers and lenders can do to help consumers get into a car loan they can afford.
But average payments increased for both new and used models.
January continued three-month streak of tightening across channels.
The company says it remains the largest auto lender as an aggregate for nearly three years.
Artificial intelligence can be leveraged for faster approvals, easier underwriting, and speedier lender payments to dealers.
Consumers faced tighter conditions in the fall, though their overall outlook brightened.
Data show terms improving from the consumer standpoint, though some metrics hit record highs.
November access tightens across channels, most lender types, Cox says.
October loosening makes three-month trend, but access still tighter than a year ago.
Deal designed to offer income, ID verification services to lenders via AI-powered platform that allows them to make faster decisions, reduce risk.
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