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The Vehicle Service Contracts (“VSC”) Industry Reached an Estimated $40.2 Billion in 2022, with the Direct-To-Consumer Segment Accounting for 9.5% of the Market ($3.8 billion)
The Vehicle Service Contract industry reached an estimated $40.2 billion in 2022, with the DTC segment representing approximately 9.5% of the industry ($3.8 billion). Increases in average VSC price, product penetration, and the continued expansion…
Following a Decline in Sector Confidence over the Course of 2022, Equipment Finance Operators are Exhibiting Optimism in 2023
The Equipment Leasing & Finance Foundation measures confidence among industry leaders, generating a monthly index that provides a qualitative assessment of both the prevailing business conditions and expectations for the future as reported by key…
EpicVIN Launches Predictive Tool for Pricing, Selling
EpicVIN, the first vehicle-history provider based on its own blockchain technology, introduced a predictive tool that offers a unique forecast to empower dealers to make decisions on pricing and time spent on the lot. EpicVIN…
Total US Commercial Bank Deposits are Down 3.1% Year to Date
Commercial banks are shedding deposits, with total US commercial bank deposits down 3.1% from $17.8 trillion to $17.3 trillion year to date*. This trend of declining deposits accelerated in March, concurrent with the failures of…
95% of Auto Finance Lenders Have Begun Using AI in Some Aspect of their Business
A March 2023 survey of over 2,500 auto finance executives revealed that 95% have started using artificial intelligence in some aspect of their business. Loan processing and funding was the area in which AI was…
