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From the expansion of mobility services to technology enhancements and continued depreciation of used-car values, a lot has been stirring in the auto finance space this year.

And even more change is anticipated next year, according to some executives in the auto finance sector.

Auto Finance News asked eleven executives, “What are your predictions for auto finance in 2018?” The following are edited excerpts from their responses:

Mike Groff, President and Chief Executive, Toyota Financial Services

• “The industry will continue to face challenges in the form of rising interest rates and the impact of a growing supply of used vehicles driven, in part, by lease returns. Each lease return presents retention and conquest opportunities, ensuring a competitive environment throughout the course of the year.”
• “The expansion of mobility services will accelerate as finance entities identify new ways to participate in this market.”
• “Technology enhancements in fintech, artificial intelligence, and process automation will introduce a range of new opportunities, necessitating careful evaluation and investment decisions.”