A panel at the Auto Finance Summit 2015 later this month will discuss “outside-the-box” solutions in a session called “Growth Ideas Brainstorm,” on Oct. 23. Speakers will address possible disruptions in auto finance, like the rise of car sharing, and demand for online service in auto lending that’s on a par with other retail segments.
“The method of vehicle ownership is changing,” Colleen Poynton, vice president for Core Innovation Capital, told Auto Finance News. Poynton said her presentation would sketch out shifting consumer preferences and behavior; potential problems those shifts cause for lenders; and innovative solutions the company has seen in the marketplace.
Meanwhile, panelist Sam Ellis, founder and CEO of DriverUp, told AFN that auto finance is behind the times, as consumers want to shift business online. “The shopping process and the financing process are pretty disjointed,” he said.
The Auto Finance Summit and PowerSports Finance 2015 will take place Oct. 21 – 23 at Wynn Las Vegas. For more info, visit www.autofinancesummit.com.
