Automakers and consumers alike are bracing for impact as new 25% tariffs on Canadian and Mexican imports threaten to drive car prices up by an estimated $3,000. With supply chains disrupted and production costs soaring, the automotive industry faces a pivotal moment that could reshape North America's auto market for years to come.

As economic challenges increase, lenders face rising debt and operational hurdles. Learn how proactive solutions and real-time tools like LoanBridge can help you succeed in 2025.

Discover LoanBridge's pivotal 2024 milestones and our strategic vision for 2025. Dive into our success stories from innovative analytics tools to impactful partnerships, and see how we're gearing up for another transformative year in the lending industry.

Discover how Loanbridge outperforms traditional LPR systems with real-time alerts, nationwide coverage, and cost-effective automation, eliminating the limitations of physical camera networks.

The auto loan crisis is forcing banks to rethink their strategies. Learn how automation, process improvements, and collaboration can help address rising repossessions

The auto loan crisis is forcing banks to rethink their strategies. Learn how automation, process improvements, and collaboration can help address rising repossessions

The auto finance industry faces a crisis with a surge in loan defaults and vehicle repossessions, undermining the stability of consumer lending. This article examines how relaxed lending standards have led to overvalued vehicles and increased financial risk.

The City of San Francisco has banned Auto Towing and affiliates for five years due to illegal practices like unauthorized tows and fraudulent activities. This case emphasizes the need for stronger industry oversight.

The auto finance industry faces a crisis with a surge in loan defaults and vehicle repossessions, undermining the stability of consumer lending. This article examines how relaxed lending standards have led to overvalued vehicles and increased financial risk.

GPS vehicle tracking is facing new challenges as drivers increasingly use GPS jammers to evade surveillance, posing significant privacy and compliance issues. This trend, prevalent among company vehicle users, complicates the accurate monitoring necessary for safety and legal adherence.

The rise in vehicle-related fraud poses significant risks for dealers and buyers alike. From stolen cars sold at auctions to sophisticated VIN scams, safeguarding against auto fraud demands vigilance and proactive measures.

The Federal Reserve's decision to keep interest rates steady presents both challenges and opportunities for the automotive finance sector. Despite a strong job market, inflation worries have led to high borrowing costs, affecting consumer spending on big-ticket items like cars.

Experian's Q1 2024 report highlights critical trends in auto financing, emphasizing how economic and consumer shifts are reshaping the industry. It provides a detailed analysis of the increasing vehicle costs and changing financing options affecting the market.