Small OEMs Unlikely to Follow FCA’s Lead to Form Captive, Chase Exec Says

It would be “surprising” if smaller OEMs looked to form captive finance arms in the wake of Fiat Chrysler Automobile’s announcement to do so last month, said Jagdeep Dayal, senior vice president and business head of captive finance auto lending at JPMorgan Chase & Co. FCA has managed to grow to the scale where it […]
  • William Hoffman
  • June 18, 2018
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Incentives to Spark Growth in Electric Bike Market, Forecast Says

As manufacturers continue to develop electric motorcycles, increased incentives will spur popularity with consumers, according to a forecast report from Future Market Insights. The electric bike market — which consists of electric motorcycles, scooters, and bicycles — is projected to have a compound annual growth rate (CAGR) of 3.1% and is expected to reflect a […]
  • Matthew Wood
  • June 18, 2018
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DEALER PULSE: Subscription Programs Spur Innovation Opportunity

With all the consolidation taking place at dealerships across the country, managers are looking for new ways to drive sales and keep customers coming back, and one of the most popular solutions this year has been subscription programs. BMW Financial Services, Mercedes-Benz Financial Services, Fiat Chrysler Automobiles, and Toyota Financial Services’ Lexus brand have all […]
  • William Hoffman
  • June 15, 2018
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Will Disparate Impact Auto Finance Claims Disappear?

As of this writing, the Senate has passed a joint resolution under its Congressional Review Act authority disapproving of the Consumer Financial Protection Bureau’s March 2013 auto lending bulletin that addressed discrimination in indirect auto finance transactions. The House is slated to follow suit, and the president is expected to sign it. The joint resolution, […]
  • Michael Benoit
  • June 15, 2018
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Credit Unions Jockey for Marketshare

As used-car financing gains popularity and banks shy away from new-car loans, credit unions are jockeying for marketshare, partnering with service providers and teaming with other lenders to spark auto loan interest. “[Banks are] making a lot of moves that are making it easy for us,” Chris Whittaker, director of lending services at Oregon Community […]
  • Auto Finance News
  • June 15, 2018
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Locking Down Non-Public Data [SPONSORED]

The Gramm-Leach-Bliley (GLB) Act – enacted in 2001 – limits when a “financial institution” may disclose a consumer’s non-public personal information (NPI) to non-affiliated third parties. The law covers a broad range of financial institutions, including many companies not traditionally considered to be financial institutions because they engage in certain “financial activities.” Financial institutions must […]
  • EFG Companies
  • June 15, 2018
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