Auto Industry Has Little Insight Into CFPB Nominee Kathy Kraninger

President Trump formally nominated Kathy Kraninger to succeed Mick Mulvaney as Director of the Consumer Financial Protection Bureau on Monday as the industry scrambles to learn more about her limited financial services background and what her stance may be on key auto finance issues moving forward. In her current role as Associate Director with the Office of Management and […]
  • Nicole Casperson
  • June 19, 2018
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Hyundai Capital’s Ross Williams Joins AFS for Fireside Chat

Auto Finance News will host President and Chief Executive of Hyundai Capital America Ross Williams at this year’s Auto Finance Summit for a fireside chat. The event will take place October 24-26 at the Wynn Las Vegas. Click here for the full agenda. The discussion will delve into Williams’ eight-year career at the captive, emerging […]
  • William Hoffman
  • June 19, 2018
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Dealerships Embrace the Need to Add Online Purchasing, Financing Options

GRAPEVINE, Texas — With technology advancing in the auto industry and a generation of tech-savvy buyers in need of transportation, several dealership groups are attempting to meet the customers where they are — online. A growing percentage of customers are looking for an easier method of buying a car from a dealership evidenced by a […]
  • Matthew Wood
  • June 19, 2018
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Autonomous Tech to Hamper Ownership in China

Chinese consumers are increasingly placing their trust in autonomous technology, which will contribute to a decline in miles driven by privately owned cars, Marco Hecker, Deloitte China’s auto sector leader, told Auto Finance News. Although consumers still need cars for long trips, traffic congestion in China has declined thanks to government investment in public transit […]
  • William Hoffman
  • June 19, 2018
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Appetite for Higher Yields Spurs Boost in Single-B Securitizations

Increasingly risky securitizations are becoming more popular as a looming contraction period has investors hungry for higher yields. Although single-B-rated loan tranches are described as “speculative” and “unlikely to survive even a mild deterioration in economic conditions,” rating stability and upgrades have made investors feel comfortable with this asset class, said Amy Martin, primary credit […]
  • Nicole Casperson
  • June 18, 2018
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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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