Tuesday, 31 March, 2026
McKinsey Report: Gen AI to Cut Auto Finance Costs
By Isha
A McKinsey & Company report indicates that Generative AI (Gen AI) can significantly transform the auto finance and leasing industry by boosting efficiency. The technology could reduce cost-to-income ratios by lowering operating costs, which typically account for 60% of income, by five to eight percentage points.
Read full story at Economic Times