Daniel Yuabov, co-founder and chief executive at Carvoy Inc., joined the speaker roster for the second annual Auto Finance Innovation event, slated for May 17 – 18 in San Diego. Carvoy facilitates the entire car-buying process by allowing consumers to either customize or choose the kind of car they wantRead More
Post Tagged with: "technology"
Shift Technologies Inc. is eyeing opportunities in what it calls “virtual leasing” — a perpetual lease agreement not tied to a specific vehicle — which will allow consumers to more frequently swap out their vehicle, President Toby Russell told Mobility Buzz. “We haven’t productized that or created a sample product yet,” heRead More
United Finance is “looking at possibilities” in fintech and online lending in order to be “ahead of the curve,” Todd May, the lender’s vice president of dealer development and remarketing, told Powersports Finance. “There’s always stuff we are looking at, such as fintech,” May said. “Disrupters are coming, and weRead More
While mobile apps are booming in other areas of finance, they are not catching on in powersports finance, Paula Tompkins, chief executive and founder at ChannelNet, told Powersports Finance, but that just means lenders need to place more focus on upgrading their websites.
Trust will be the single biggest factor in the deployment of autonomous vehicles on public roads, Kristin Kolodge, executive director of driver interaction and human machine interface at J.D. Power told Mobility Buzz.
E-commerce is coming to powersports with Revstop.com, a San Diego startup that is aiming to be the first completely online powersports dealer. The website, which appears to still be under construction, will allow consumers to shop, finance, and purchase a powersports vehicle without stepping foot into a dealership, according toRead More
Waymo’s proprietary in-house LiDAR designs — which the company claims Uber and Otto have stolen — cost less than 10% of the benchmark LiDAR systems available just a few years ago. That, according to a Mobility Buzz investigation of Waymo’s civil complain against Uber and Otto.
Startup Speed Leasing LLC is gearing up to launch its dealer portal, shortly after it launches operations on March 1, Partner Hasham Malik told Powersports Finance. Speed Leasing, funded by an undisclosed Miami-based private equity firm, plans to have its dealer agreements in place by the end of February andRead More
For every Waymo, Uber, or OEM working on autonomous vehicles, there are dozens of startups providing the underlying technology to make autonomy possible. Mobility Buzz took a look at some of the most cutting-edge companies involved in high-definition mapping, artificial intelligence, and centimeter-accurate positioning, which will all play crucial and specific roles inRead More
There is a new innovation center in town that is setting itself up to be a mediator between startups and OEMs — and it’s already snagged five mobility startups through its accelerator program, Mobility Buzz has learned.
As powersports dealers struggle to rehash deals and achieve appropriate training from their lender partners, F&I outsource providers like LMG Finance aim to help dealers boost finance volume, Marketing Manager Garret Morrison told Powersports Finance. “Many in-house F&I managers can be counterproductive and negatively impact the timeframe of a deal,Read More
Few would disagree with the notion that the only thing changing faster than technology is consumer expectations. When it comes to auto finance there is an expectation that lenders be accessible to the borrowers through a variety of channels and reach them in step with the fast-paced way they liveRead More
Blinker, a used-car buy-sell app with financing capabilities for private-party transactions, is on the lookout for financing partnerships to help scale the business and bolster loan originations, President Danny Martinez told Auto Finance News. “We have our own proprietary decisioning system, and we have the equity, as well as creditRead More
World Omni Financial Corp. is updating its digital platforms to better meet customer preferences and improve service this year, President Dan Chait told Auto Finance News. “We are investing a bit in IT to make sure we are interacting with our customer in the most flexible and helpful way possible,”Read More