Lender Westlake is using AI to make more auto loans
Westlake Financial is working with Pagaya Technologies Ltd. to make auto loans using artificial intelligence, targeting a void left by some lenders that have been pulling back from the business......»»
Threat of slimmer used-car profits, supply allows for little slack in 2024, dealers say
Franchised dealership and auto retail group leaders spoke with Automotive News in June and July about used-car market certainties and uncertainties in 2024......»»
Early CDK Global DMS return helped ease Group 1"s Q2 losses
The auto retailer estimates it lost $17 million in pretax income in the second-quarter due to the CDK outage......»»
China poised to lead global auto market, S&P Global says
BYD has emerged as a top 10 manufacturer, and evolving retail networks and new factories in Europe offer opportunities for Chinese automakers. Despite European and North American tariffs, they continue to push forward......»»
FTC CARS Rule could put auto lenders at risk
The Federal Trade Commission's CARS Rule poised to take effect upon car dealerships might have created risk for auto lenders, too, under the federal Holder Rule, experts say......»»
NHTSA ends probe into 1.7 million Honda vehicles for power loss
Top U.S. auto safety regulators are closing an investigation into about 1.7 million Honda Motor Co. vehicles for loss of power......»»
How to disable Auto Blocker on your Samsung phone
Samsung has an Auto Blocker feature on their phones that blocks sideloading of apps, and here’s how you can disable it. The post How to disable Auto Blocker on your Samsung phone appeared first on Phandroid. One of the reasons why you sh.....»»
What Trump vs. Harris means for the auto industry
Vice President Kamala Harris will likely inherit President Joe Biden's sweeping automotive and labor agenda if she clinches the Democratic nomination for president in August......»»
High school girls" club offers support for peers taking male-dominated automotive classes
The Girls Get It Done Club is aimed at providing support for girls interested in being auto technicians but who don't feel all that comfortable — or confident — in the male-dominated classes they attend at Sabin-Schellenberg Professional Technica.....»»
New Ally CEO Michael Rhodes says he"ll play to bank"s auto strength
Ally Financial's new CEO Michael Rhodes said during the second-quarter earnings call July 17 that he would continue to prioritize Ally strengths such as its auto business rather than "emerging opportunities.".....»»
What Supreme Court"s overturning of Chevron deference means for auto industry regulation
The Supreme Court's decision to overturn the Chevron deference limits the authority of federal agencies, but past legal challenges and compromises with industry make automotive regulators uniquely positioned to survive further judicial challenges......»»
Google Maps adding incident reports on Apple CarPlay, but still not on Android Auto
Google Maps, like Waze, supports user-based reports of incidents such as crashes, road conditions, and police speed traps, and support for that functionality is finally showing up on CarPlay. more….....»»
Auto repossessions surge 23% in U.S. during first half of 2024 as Americans fall behind on payments
With high interest rates and inflation hitting household budgets, the spike in seizures provides a window into the average consumer’s financial health at a key time for policymakers......»»
Q2 earnings: CDK Global shutdown will hit all 6 public auto retailers, analysts predict
Both the second- and sixth-largest dealership groups in the U.S. use CDK's dealer management system at all stores......»»
Ally Q2 net income slips 11%; auto income down 19%
Ally Financial's net income fell 11 percent in the second quarter as the bank set aside more money in case of losses, experienced higher expenses and drew less net revenue from financing......»»
Eugene McDonald, vehicle valuations pioneer, dies at 96
McDonald, whose vehicle valuation insights helped inform auto remarketing, died July 1 in Gainesville, Ga., after a brief illness, according to his obituary......»»
Strickland to succeed Jenns as head of Assurant Global Auto in 2025
Jeff Strickland will succeed Martin Jenns as head of Assurant Global Auto in 2025......»»
Insurance companies ask court to shield them from lender"s settlement costs
Three liability insurance companies have sued to avoid covering defense and settlement costs incurred by third-party lender Nicholas Financial in a separate class-action case involving allegations of deceptive and illegal loan-related practices......»»
North America auto manufacturing footprint unlikely to change through 2029, Chicago Fed says
Many existing plants will provide flexibility across propulsion systems as EV demand and consumer preferences fluctuate......»»
Auto industry sees website satisfaction surge amid post-pandemic recovery
J.D. Power's website manufacturer satisfaction survey found that increased inventory, incentives and rebates have resulted in the highest overall satisfaction with car manufacturer websites since before the pandemic......»»
Pa. Ford dealer, Okla. body shops, Calif. vehicle broker sue CDK
Manderbach Ford in Hamburg, Penn.; DLR Auto Group in Agoura Hills., Calif.; Smith Collision Center in Ada, Okla.; and Broadway Precision Collision, also in Ada, accused CDK of negligence and unjust enrichment in a lawsuit filed in the U.S. Northern D.....»»