SaaS provider Solifi has developed an AI solution that will significantly reduce the time that auto and equipment lenders spend reviewing documents. The Minneapolis-based fintech’s Document ...

TD Bank continued to invest in AI and machine learning technologies in its first quarter of 2026 amid an uptick in auto originations and portfolio size. The Toronto-based bank aims to get $1 billion ...

LAS VEGAS — EVs have become less profitable than gas vehicles for retailers, and more costly to manufacturers, following the expiration of federal tax credits. Retailers profit $740 on average per EV ...

Industrywide auto loan and lease outstandings totaled about $1.78 trillion at yearend 2024, with Toyota Financial Services retaining its top position as the largest auto lender by outstandings.

Terex Corp. has completed the sale of its luxury RV and specialty van brand, Midwest Automotive Designs, to Alliance RV. Elkhart, Ind.-based Midwest Automotive Designs had operated within the ...

Auto refinance volume steadily rose in the fourth quarter amid rising vehicle values and three Federal Reserve interest rate cuts in the second half of the year. Austin, Texas-based auto refinance ...

Chase Auto is deploying AI in 2026 to fully automate the contract booking and funding process while modernizing its technology stack and growing its refinance business. With automation, 80% of Chase ...

Westlake Financial offloaded $100 million in auto subprime loans to HFC Acceptance a week after issuing its first auto asset-backed securitization deal of the year. Westlake announced the sale of self ...

Despite a rise in subprime financing share in the fourth quarter of 2025, affordability remains a key focus for auto lenders and dealers as lower-income consumers continue to be disproportionately ...

Bank of America Securities expects U.S. retail auto ABS issuance to decline in 2026 amid softer vehicle sales and ...

Retailer Group 1 Automotive’s finance and insurance revenue grew in the fourth quarter while sales fell and floorplan costs declined. Group 1’s F&I revenue ticked up 1.9% year over year to $229.7 ...

Bank of America has expanded its dealer network to a record high as it works to connect dealers and consumers through digital tools that aim to speed up transaction times. The bank’s dealer network ...