How 3 Financial Institutions Boosted Auto Loan Margins in 2020

Banks and credit unions in 2020 faced many challenges, but by the third quarter, lending portfolios overall showed signs of recovery. However, a...


New Auto Lending Trends For The New Year

We are only days into this new year of 2021 and already we’re seeing some notable trends beginning to emerge in the auto lending industry. Some of...


Auto Lending Expected to Increase, Countering Tight Interest Margins

Many people and businesses struggled with their finances when the coronavirus upended life as we know it. Credit unions, especially small ones,...


2021: What to Expect from Auto Lending and Open Lending

This year has been one to be recorded in history books for many of the wrong reasons. Like many other industries, auto lending...


Indirect Lending: Changes In 2020 And Beyond

The automotive industry as a whole has had to adapt its business model this year. Like nearly everything else in our everyday lives, the...


Open Lending Can Add Certainty as Auto Loans Rebound

The coronavirus pandemic has made things interesting for the automotive industry. Like many other businesses, car dealerships and auto lending...


Digital Transformation of the Car Buying Experience is Here

In coronavirus environment, digital has skyrocketed to the forefront of the car shopping experience, but it was moving that way prior to 2020....


How Contactless Car Buying Trends Affect Your Credit Union’s Auto Lending

Contactless delivery isn’t a new concept. People have been getting newspapers via contactless delivery for decades. According to a NASDAQ article,...


Follow the Trends to Find your Credit Union or Banks’ Future

As we came into 2020, things were looking pretty stable for auto lending. Late in the first quarter, Experian released its State of Automotive...


Post-Coronavirus Rebirth of Auto Lending

The economy was off to a great start at the beginning of the year, and auto lending has long been the bread and butter of credit unions. While...