eLEND Solutions and LetzChat have partnered to help dealers identify and engage with the 10% to 20% of car buyers who primarily speak a language other than English. +
The latest Digital Transformation Index shows a 4.6% decline in econtracting volume from the third quarter to the fourth but a 3.2% increase over the course of 2025. +
A set of new and updated features was designed to resolve “friction points” and increase the number of auto loan contracts that can be funded without manual intervention. +
EPIC’s National Loan Payoff Clearinghouse was designed to facilitate and standardize the exchange, processing and settlement of loan payoff and lien release transactions. +
Edmunds analysts say the average negative equity balance on dealership trade-ins rose to $7,214 in the fourth quarter, reflecting pandemic-era originations and prolonging a four-year trend. +
Dealertrack reports loan approval rates continue to trend upward as of the end of December, capping a year in which the availability of dealer-arranged financing improved by 3.6%. +
Record numbers of new and used vehicle buyers committed to a monthly payment of $1,000 or more in the fourth quarter, but interest rates ticked down for both groups. +
State officials have stepped into the void left by a slowdown in federal rulemaking. Attorney highlights some of the 119 recent changes affecting the auto finance industry. +
Experian Automotive’s Q3 auto finance report finds EVs were leased at a significantly higher rate than a year ago, setting the stage for a future disruption to the used car market. +
Experian executives say the new Credit + Cashflow Score is their most advanced scoring system to date, combining credit, alternative, trended and banking data into one score. +
