William Hoffman | Auto Finance News | Page 3 | Auto Finance News - Part 3

Dealers Explore Innovative Subscriptions as Old-School Lenders Drive Business

Dealers are increasingly torn between the old-school F&I business of local credit unions and the new-school subscription models. Gary Duncan, one of the owners of the Duncan Automotive Group in Christiansburg, Va., told Auto Finance News that some of his best business is coming from credit unions that can meet the needs of local customers […]

BMW Financial Taps 6 Startups For ‘Collaboration Lab’

BMW Financial Services is hosting six startups for its “Collaboration Lab,” which will allow the fledgling companies to develop their ideas and utilize the captive’s resources over a 10-week period at BMW’s offices outside Columbus, Ohio. The six companies were selected from 212 applicants and will have an opportunity to partner with the captive following […]

China’s Traffic Congestion is Inflating Demand for Mobility Services

Some urbanites living in dense cities across the United States may be able to ditch their cars and rely wholly on public transit, shared mobility options, and rideshare services. However, most consumers are still very dependent on vehicle ownership. In 2015, car-free households comprised 9.1% of the total U.S. population, whereas, in New York City, […]
  • William Hoffman
  • September 13, 2018
  • Asia

Regulators Reject Wells Fargo’s Plan to Pay Back Consumers Affected by Insurance Scandal

Wells Fargo & Co.’s proposal to remediate consumers impacted by its force-placed insurance scandal was rejected by regulators for not comprehensively coverings all affected borrowers, according to a report from Tuesday evening. The lender submitted their plan to pay back consumers in June per the requirements of a $1 billion consent order issued by the […]

Survey Shows Lack of Interest in Refinancing

Although a number of direct lenders and fintech loan aggregators have focused on offering refinance products in the past year, the majority of consumers may be uninterested, according to a poll conducted by Auto Finance News. Using Survey Monkey, 100 consumers with current auto loan payments were asked about marketing materials they have seen about […]
  • William Hoffman
  • September 12, 2018
  • Strategy

3 Execs To Discuss the Future of Subscription Models at Auto Finance Summit

Automotive financial companies are racing to introduce new subscription models that promise to offer an alternative to traditional loans and leasing. However, there is little consensus about how these programs should run to be viable long into the future. Three panelists from Hyundai Capital America, Borrow, and Fair will discuss these challenges and the future […]

Dongfeng-Nissan Captive President Highlights Opportunities in China

Automakers in China are starting to focus more on customer retention through their captives as sales may be nearing a peak, George Leondis, president of Dongfeng Nissan Auto Finance Co., said during a presentation at the Auto Finance Summit Asia. The industry sold nearly 24 million new vehicles last year in China, and several speakers […]
  • William Hoffman
  • September 11, 2018
  • Asia

How Tariffs Will Impact China’s Auto Lending

SHANGHAI — China will remain the largest market for vehicle sales, but the impact of U.S. tariffs on China’s economy may accelerate the decline of an already slowing economy while adding an outsized effect on the automotive industry, Steve Cochrane, Chief APAC Economist at Moody’s Analytics, said during a session at the Auto Finance Summit […]
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