FORT WORTH — The auto finance industry is “more transformational than disruptive,” according to Todd Nelson, business development officer at LightStream.
Disruption has been a buzzword within the auto finance industry in recent years, however, many lenders disagree with using disruption to describe industry changes, and rather describe it as a transformation or natural admission, including Nelson.
“It’s more of a transformation,” he told attendees at Auto Finance Innovation last week. “It is an opportunity to look at the market and look at the consumer and serve them differently.”
Check out Nelson’s full response to disruption in the industry in the video below.
