Weekly Wrap: Eyeing vehicle values, funding and digital adoption

The auto finance industry this week saw falling used-vehicle values, new funding and further adoption of digital tools.
Used-vehicle prices have begun to stabilize in part due to increased inventory, but the trend is likely to be short-lived as wholesale prices increased 0.6% in August as manufacturers are calling for supply constraints to worsen in the coming months. Meanwhile, Tricolor Auto Acceptance has secured $90 million in funding from BlackRock and Gesa Credit Union has adopted fintech Scienaptic’s credit-decisioning technology, driven by artificial intelligence.

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