There are many instances of Lending Enablement Solutions proving a borrower’s creditworthiness based on alternative data, even if a different institution rejected them.
Inventories have not recovered from the chip shortage and new challenges emerge as the UAW strike continues, reports CDK Global.
For auto dealers and lenders, the regulatory focus on AI means more scrutiny of your lending operations for unfairness and discrimination, whether you use AI or not.
Dealer inventories may sink if UAW doesn’t heed Ford Executive Chairman Bill Ford’s call for unity.
The forecast remains a moving target into 2024.
Cox forecasts higher light-vehicle sales, but UAW strike is a wild card.
Online deals open opportunities for theft.
Regulators zero in on abusive auto lending practices.