Auto Finance News | The News That Drives the Industry

KAR Steps Up Vehicle Valuation Capabilities in Online Auction Platform

Used-Vehicle Values Will Climb in 2019 If Tariff Threat, Rate Hikes Persist

5 Trends to Watch: 2019 Promises to be an Interesting Year

VW, Ford Join to Make Vans and Explore Work on Electric Cars

Volkswagen AG and Ford Motor Co. will join forces to build pickup trucks, delivery vans and possibly more, pledging to put old rivalries aside and work together to confront a rapidly changing auto industry. The pair is set to start delivering medium-sized pickup trucks from 2022, VW and Ford said in a statement Tuesday. The […]

Auto Finance Innovation Summit to Delve Into Leading-Edge Auto Finance Tech

ZestFinance Makes Machine Learning Tools Available Via Microsoft Cloud

2019 Survival Guide: How Lenders Are Planning for the Year Ahead

NETSOL Technologies Signs On as Diamond Sponsor for Auto Finance Summit and AF Accelerate

See All Innovation & Mobility

From Auto Finance Excellence

3 Reasons Why Consumers Are Driving Used-Vehicles Longer

Forum Credit Union’s Ben Wire on Lending’s Competitive Landscape

Videos

Westlake Exec Outlines Auto Finance Strategy for the Current Economic Cycle [VIDEO]

From Profitability to Viability, Execs Weigh In on Subscription Services [VIDEO]

Hyundai Capital America CEO on the Challenges the Company Faces and His Push for Efficiency [VIDEO]

See All Videos

CFPB Asks Congress for Authority on Military Lending Act Compliance

Consumer Financial Protection Bureau Director Kathy Kraninger issued a legislative proposal to Congress on Thursday asking for authority to supervise compliance with the Military Lending Act. The move by Kraninger is another step to reverse policies implemented by predecessor Mick Mulvaney, who had announced in August 2018 that the bureau would scrap supervisory examinations of […]

Nicole Casperson
January 18, 2019
Compliance

M&T Bank Boosts Floorplan Business With a Few Large Dealerships

M&T Bank’s auto floorplan business grew $275 million in the fourth quarter of 2018, after the Buffalo, N.Y.-based bank onboarded a few large dealerships at the end of last year, Chief Financial Officer Darren King said in a Jan. 17 earnings call. “There was a normal seasonal uptick in our auto floorplan balances that also […]

Bianca Chan
January 18, 2019
Archives, Capital Markets, Operations

KAR Steps Up Vehicle Valuation Capabilities in Online Auction Platform

KAR Auction Services has plans in motion to make online remarketing platform Openlane accessible on any device and to incorporate more data and analytics into the system, newly appointed president Peter Kelly told AFN. The revamp is slated to be completed by yearend. “We want to improve the user experience to more modern interfaces that don’t only work on desktops but […]

Bianca Chan
January 18, 2019
Sales & Marketing, Strategy, Technology

Higher Credit Quality Offsets Reduced Seasoning in CPS Securitization

Despite less loan seasoning in Consumer Portfolio Services’ first securitization of the year, the transaction’s expected loss rate is unchanged from the lender’s previous ABS deal, according to an S&P Global Ratings presale report. An emphasis on higher-tiered borrowers positively impacted the transaction, according to S&P. Specifically, the percentage of borrowers in CPS’s top three […]

Bianca Chan
January 17, 2019
Capital Markets, Operations, Risk, Strategy

Used-Vehicle Values Will Climb in 2019 If Tariff Threat, Rate Hikes Persist

December auction prices increased 4.3% year over year, bringing the Manheim Used Vehicle Value Index to 137.6, the company announced last week. “Three-year-old vehicles ended the month worth 2% more than they would normally have been worth had typical depreciation occurred instead of the abnormal appreciation observed this summer,” said Manheim Chief Economist Jonathan Smoke. Two main factors that […]

Nicole Casperson
January 17, 2019
Sales & Marketing, Strategy

5 Trends to Watch: 2019 Promises to be an Interesting Year

From the January issue: The pace of U.S. growth is expected to slow, according to most economists, who also think interest rates will rise. There is uncertainty about tariffs and, beyond the economic factors, the race between different lenders, dealers, and manufacturers to overhaul products and services is picking up. But perhaps the biggest challenge […]

Bianca Chan
January 17, 2019
Capital Markets, Features, Operations, Risk, Sales & Marketing, Strategy

Auto Finance Risk Summit to Examine Top Strategies for Risk Management

The auto finance market today has thrown a curveball at lenders with rising interest rates, slipping new-vehicle sales, uncertain regulations, and mounting dealership fraud. The 12th annual Auto Finance Risk Summit will delve into these issues and others of top concern for lenders. Auto Finance Risk Summit participants will gain insights on fraud risk, learn […]

Nicole Casperson
January 16, 2019
Risk

Financing Implications Uncertain for Ford, Volkswagen Alliance

The Volkswagen AG and Ford Motor Co. alliance will likely serve as an opportunity for the OEMs’ captives to collaborate on financing, though the timeline remains uncertain as the alliance is very new, analysts told Auto Finance News. An OEM, its captive, and its dealer partners operate in an enterprise fashion, Jeremy Acevedo, Edmund’s manager […]

Nicole Casperson
January 16, 2019
Operations, Strategy