Can you remember the last time you walked into a fast food restaurant and they filled your drink order? It was a short few years ago when the restaurants started handing you a cup and you dispensed the ice and your drink of choice. The shift happened as consumers demandedRead More
Post Tagged with: "Hyundai"
The California-based digital car buying company AutoGravity announced today that it’s now available in 46 states across the country. There are at least four lending partners available in each state where the platform is offered, the company told Auto Finance News. “You can expect multiple captive lenders and we’ll beRead More
Hyundai Motor Co. is launching its own direct-to-consumer fully-digital car buying, financing, and home delivery portal in the UK, the company announced in a press release. Starting January 6, consumers across the pond will be able to buy a vehicle in cash, trade in an old car, and have itRead More
FORT WORTH — The balance between technology innovation and waiting for regulatory approvals is a “well-orchestrated dance,” said Scott Welchons, director and head of Hyundai Digital Camp at Hyundai Capital America. “The bigger the company, the more complex it is when you touch on regulatory environment,” Welchons told attendees atRead More
Like so many elements in auto finance, true drivers of economic growth are difficult to discern. Think back to the credit crisis, when it took a beat or two for the White House to realize that the demise of GMAC and Chrysler Financial meant the demise of the auto industry.
Hyundai Capital Canada Inc. is getting up-to-speed with its digital offerings. The Canadian captive partnered with U.S.-based ChannelNet to create a dealer portal and customer lifecycle management program, the companies announced this morning. Through the partnership, ChannelNet will build a “self-service, one-stop” digital portal for Canadian Hyundai and Kia dealers. “The portal will provideRead More
Manufacturer Hyundai Motor Group and Taiwan-based Fubon Group, a financial services conglomerate, will reportedly buy out GE Capital’s 43% stake in captive finance company Hyundai Capital, according to a press report in the Korea Economic Daily today. In the United States, Hyundai Capital America serves both the Hyundai and Kia brands.Read More
Ally Financial announced it would make free Fico scores available to auto loan customers later this month, as well as adding customer Annual Percentage Rates to online account profiles. Ally is also making available a secure email feature on the site so customers can send and receive account information andRead More
Hyundai Capital Services (HCS), the captive finance company that operates mainly in China and Korea, launched a snappy commercial campaign earlier this year to promote personal auto leases, using a familiar face for American TV viewers, talk show maven Larry King. The commercials ran only in Korea, but HCS representativesRead More
Hyundai Capital America is offering its customers free access to their credit scores, according to a press release. Hyundai Motor Finance and Kia Motors Finance customers will receive free scores on a quarterly basis as a part of the Fico Score Open-Access program, the captive announced yesterday. This is asRead More
Hyundai Motor Finance is expanding its territory. The company announced today that it is offering captive financing for Canadian customers through dealers across Canada. The new auto financing arm is based in Toronto and is a subsidiary of Hyundai Motor Group. The company’s initial focus for its Canadian operation will be leasing.Read More
Hyundai Motor Finance and Kia Motors Finance say that they are the first auto finance companies to provide free Fico scores to customers as part of the FICO Score Open Access Program. A spokeswoman from Hyundai told Auto Finance News that the program is currently only available to customers enrolling in theRead More
Hyundai Motor Co. has begun U.S. leasing of its first fuel cell automobile in Southern California. The Tucson Fuel Cell, a small SUV, uses the same motor as a battery-powered car, has a 265-mile range, and emits only water vapor rather than greenhouse gasses. The car also boasts a fuelRead More
Former Hyundai Motor America Chief Executive John Krafcik has been named president of TrueCarInc., the online auto-shopping service that plans to raise $125 million in an initial public offering. TrueCar (www.truecar.com) is currently developing new finance tools called TrueLoan and TrueLease, which are meant to provide users with a more convenient way to finance their carsRead More