William Hoffman | Auto Finance News | Page 5 | Auto Finance News - Part 5

Chrysler Capital More Than Doubles Originations in New York

Chrysler Capital is making a big sales push in New York state as the lender’s loan and lease volumes are up 128% year over year for the month of June, according to Experian’s Auto Count data provided to Auto Finance News. The company originated 5,465 contracts across the state, up from 2,391 the same month […]
  • William Hoffman
  • August 28, 2018
  • Earnings

Chinese Mobility Platform DiDi Invests $1B in Financial Services

China’s growing mobility solutions provider DiDi Chuxing announced earlier this month a $1 billion investment in Xiaoju Automotive Solutions, which provides financial loan and lease products for DiDi’s ride-hailing drivers. Xiaoju was incubated by DiDi starting in 2015 and the mobility solutions provider began using it on a trial basis in April to facilitate loans, […]

Car Prices Could Rise, But Industry Is Encouraged by NAFTA Trade Talks

The White House announced a trade agreement today with Mexico that makes several changes to the North American Free Trade Agreement and could produce a wide range of outcomes for car prices in the U.S.   The tentative agreement proposes to change NAFTA to require 75% of auto content to be made in the U.S. […]

Auto Debt and Late-Stage Delinquencies on the Rise

Consumer loans more than 90 days past due have been flat or declining for nearly all loan categories, with the exception of auto debt, according to the New York Federal Reserve’s second quarter Debt and Credit Report released earlier this month.   “The flow of 90+ day delinquency for auto loan balances has been slowly […]

CFPB Nominee Kraninger Approved by Committee, Awaits Senate Vote

Kathy Kraninger moved one step closer to securing a spot as the next permanent director of the Consumer Financial Protection Bureau today with the approval of the Senate Banking Committee along a party-line vote 13-12. She still faces a vote from the full Senate body, but it’s unclear if she will be called before the chamber […]

Dealer Simplifies Financing Experience Through JoyDrive

The Harnish Auto Family in Seattle — with four dealerships in its group — was feeling the pressure to offer a better online experience like many peers in the space. “It’s something that nearly every new-car dealership has had pressure to start,” Shannon Harnish-Cook, president of the dealer group told Auto Finance News. “[You receive […]

Getaround Poised to Meet Carshare Demand With $300M Investment

Carsharing app Getaround raised $300 million in series D funding today — led by investments from SoftBank and Toyota Motor Corp. — at a time when the sector could get a boost from New York City regulations.  Getaround is the latest to join SoftBank’s contingent of mobility startups it backs, which include Uber, China’s ride-hailing […]

Subprime Lenders Willing to Cut Rates to Maintain Volume, Analyst Says

Rising interest rates pose some challenges to subprime lenders, but ultimately, “If you’re willing to cut price there’s plenty of volume — and volumes are strong right now,” Moshe Orenbuch, managing director at Credit Suisse, told Auto Finance News. He explained that subprime lenders have more wiggle room to cut their return on the loan […]
Page 5 of 94« First...34567 102030...Last »