Dealers can now submit credit applications directly into Algebrik One, an AI-powered decision tool, to secure financing and receive compliant loan docs, all without leaving the AppOne interface. +

Americans who purchased new vehicles in June describe a significantly less enjoyable dealership experience than those surveyed just one month earlier, according to CDK Global’s latest survey. +

Cox Automotive reports the number of dealers offering a fully online transaction has doubled in the past two years, resulting in a more efficient process increasingly driven by AI-powered tools. +

Arra Finance has agreed to acquire Crescent Bank’s automotive division, quadrupling origination volume and adding about 180 employees, $1 billion in assets and $815 million in existing auto loans. +

Point Predictive’s latest Auto Lending Fraud Trends Report finds auto finance sources face an estimated $9.2 billion in loss exposure, fueled primarily by “first-party” credit application fraud. +

InformedIQ.com’s Jessica Gonzalez says a recent U.S. Treasury report proves artificial intelligence is changing the auto finance industry in several ways, enhancing efficiency as well as risk. +