Weekly Wrap discussion on tariffs, gen AI use
Episode description
Tariff uncertainty continues to disrupt the auto industry; companies increasingly rely on AI for innovation and efficiency.
The auto industry has prepared for an "adjustment period" as 25% tariffs on Canada and Mexico were set to take effect on March 4. President Donald Trump announced a one-month delay the next day.
The Federal Reserve’s latest Beige Book showed signs of worry as uncertainty trade policy sets in, with tariffs likely to raise car prices.
Meanwhile, AI-driven lending platform Upstart is enhancing its auto refinance technology to enable consumers to complete the process seamlessly, without document uploads and with minimal human involvement.
Agentic AI is also growing in financial services as lenders look to enhance customer experience.
Capital One is using agentic AI at dealerships to streamline car buying, allowing customers to access information, schedule test drives and compare vehicles online.
The Auto Finance News team will publish a feature today detailing the use of agentic AI in the sector.
In this episode of “Weekly Wrap,” Auto Finance News Editor Amanda Harris and associate editors Ashley Savage and James Van Bramer discuss top trends including economic uncertainty and AI in auto finance for the week ended March 7.
This episode is sponsored by Earnix.