Used Cars, Incentives Propel Originations at Southeast Toyota Finance | Auto Finance News Used Cars, Incentives Propel Originations at Southeast Toyota Finance | Auto Finance News
Auto Finance News
Subscribe
  • Home
  • News
    • All News
    • Exec of the Year
    • Innovation & Technology
    • Management
    • Compliance & Regs
    • Risk Management
    • Capital & Funding
    • Powersports
  • Events
    • DEMOvation Challenge
    • Auto Finance Summit
    • Auto Finance Innovation Summit
  • EXCELLENCE
    • Best Practices
    • Topics
      • Compliance
      • Customer Experience
      • Technology
    • White Papers
    • Glossary
  • Magazine
    • Latest
    • Magazine Issues
  • Data
    • Lender Ranking
    • Fixed Rate Outstandings at Banks
    • Securitizations
    • Market Share Monitor
AFN PLUS
Saturday, January 23, 2021
Log In
No Result
View All Result
Auto Finance News
  • Home
  • News
    • All News
    • Exec of the Year
    • Innovation & Technology
    • Management
    • Compliance & Regs
    • Risk Management
    • Capital & Funding
    • Powersports
  • Events
    • DEMOvation Challenge
    • Auto Finance Summit
    • Auto Finance Innovation Summit
  • EXCELLENCE
    • Best Practices
    • Topics
      • Compliance
      • Customer Experience
      • Technology
    • White Papers
    • Glossary
  • Magazine
    • Latest
    • Magazine Issues
  • Data
    • Lender Ranking
    • Fixed Rate Outstandings at Banks
    • Securitizations
    • Market Share Monitor
AFN PLUS
Log In
No Result
View All Result
Auto Finance News
No Result
View All Result

Used Cars, Incentives Propel Originations at Southeast Toyota Finance

Huixin Deng by Huixin Deng
August 23, 2017
in Innovation & Technology, Risk Management
Reading Time: 1min read

Southeast Toyota Finance saw a 5% year-over-year rise in total originations in the second quarter, thanks to “attractive incentives” and increasing consumer demand, said Dan Chait, president of World Omni Financial Corp., which oversees the captive.

“Additionally, we’ve seen growth in used-retail financing as a result of certain program enhancements, and we have captured some marketshare from competitors who have reduced their focus on indirect auto,” Chait told Auto Finance News.

Among the enhancements is the launch of a call center tool, Chait said, which provides agents with more information about borrowers. The information includes recent contact activities and customers’ prior loan histories, Chait added.

Southeast Toyota Finance runs several special financing programs, such as loyalty programs, a college grad program, and a military rebate program.

While the company declined to offer its latest originations, Southeast Toyota Finance had $6.4 billion in originations at yearend 2016, up from $5.7 billion in 2015, according to Big Wheels Auto Finance 2017.

The company currently makes loans for 176 franchised dealers in Alabama, Florida, Georgia, North Carolina, and South Carolina.

Tags: JM Family EnterprisesSoutheast Toyota FinanceWorld Omni Financial Corp.
Previous Post

LendingTree Ups Marketing Strategy to Promote Online Platform

Next Post

Westlake Serves Up Largest-Ever Securitization

Related Posts

Used-vehicle prices increase, inventory outpaces norm
Risk Management

Used-vehicle prices increase, inventory outpaces norm

January 22, 2021
US jobless claims fall slightly, though remain near 1M
Risk Management

US jobless claims fall slightly, though remain near 1M

January 21, 2021
TrueCar forecasts 16M SAAR in 2021 
Risk Management

TrueCar forecasts 16M SAAR in 2021 

January 21, 2021
Next Post

Westlake Serves Up Largest-Ever Securitization

Leave a Reply Cancel reply

Your email address will not be published.

Latest Magazine Issue

INNOVATION & TECHNOLOGY

Upstart partners with Oriental Bank, enlarges lending footprint

Upstart partners with Oriental Bank, enlarges lending footprint

January 20, 2021
GM jumps as Microsoft joins $2B self-driving venture

GM jumps as Microsoft joins $2B self-driving venture

January 19, 2021

Sign Up Email List

CORONAVIRUS

Used-vehicle prices increase, inventory outpaces norm

Used-vehicle prices increase, inventory outpaces norm

January 22, 2021
Dueling dynamics will shape consumer credit in 2021

Dueling dynamics will shape consumer credit in 2021

January 20, 2021

SPONSORED

Collateral Protection Insurance (CPI): What is CPI and what does it do?

Collateral Protection Insurance (CPI): What is CPI and what does it do?

January 8, 2021
US auto sales poised for crash after slowest pace in a decade

Driving Customer Loyalty, Retention After Total Loss

December 9, 2020
When tough times hit, proactive strategies pay

When tough times hit, proactive strategies pay

November 2, 2020

About

ABOUT US

PRIVACY TERMS

ADA COMPLIANCE

CODE OF JOURNALISM ETHICS

Contact Us

ADVERTISE

HELP CENTER

EMAIL SIGN UP 

Follow Us

twitter twitter linkedin podcast

©2021 Royal Media & Auto Finance News

No Result
View All Result
  • Home
  • News
    • All News
    • Exec of the Year
    • Innovation & Technology
    • Management
    • Compliance & Regs
    • Risk Management
    • Capital & Funding
    • Powersports
  • Events
    • DEMOvation Challenge
    • Auto Finance Summit
    • Auto Finance Innovation Summit
  • Excellence
    • Best Practices
    • Topics
      • Compliance
      • Customer Experience
      • Technology
    • White Papers
    • Glossary
  • Magazine
    • Latest
    • Magazine Issues
  • Data
    • Lender Ranking
    • Fixed Rate Outstandings
    • Securitizations
    • Market Share Monitor
  • +PLUS
  • SUBSCRIBE
  • Log In / Account

© 2020 Royal Media

Go to mobile version