Auto finance firms are leveraging digital lending

Auto finance firms are leveraging digital lending platforms to enhance approval speed, increasing loan originations by 8% this quarter. Investors view tech adoption as a growth catalyst for sector stocks. Tyson Foods to pay $85 million in largest pork price-fixing settlement When you apply for the loan, ensure you get all the details in writing before signing, and that you understand the full charges, including any penalties for missed payments. Make sure you’re agreeing to a deal you can afford. Analysts tracking auto finance lenders project loan delinquency rates to plateau in H2 2024, giving the sector breathing room. Stock valuations could re-rate higher if consumer credit health sustains.