William Hoffman | Auto Finance News | Page 7 | Auto Finance News - Part 7

How Lenders Can Translate U.S. Practices to China’s Marketplace

Many lenders look to China and assume that if the country can achieve financing penetration rates north of 75% as the U.S. market enjoys, then it will quickly become the largest market in the world. But that’s not a realistic model for growth in China, Chas Roscow, an auto finance consultant, told Auto Finance News. […]

CFPB to Eliminate Military Lending Supervisory Exams Amid DoD Regulatory Changes

The White House is planning on revising Department of Defense (DoD) rules to more freely allow the sale of add-on products to military servicemembers at the same time that the Consumer Financial Protection Bureau prepares to scrap supervisory examinations of lenders in regards to violations of the Military Lending Act. The proposed changes were revealed […]

Joydrive Seeks to Integrate Finance Marketplace Into Online Store

Online retailer Joydrive works with a dealers existing lender network to arrange financing for customers on the site, but in the medium to long-term, the company is seeking a strategic partner to “integrate a financing marketplace,” Chief Executive Hunter Gorham told Auto Finance News. “Early on we decided not to exclusively align with just one […]

Flagship to Add Lenders, Customization Options on CarFinance.com

CarFinance.com is building a platform for its lender partners to “build their own” portals on the website, chief executive Craig Hewitt told Auto Finance News. The new offering from CarFinance.com will allow its lender partners to pick and choose the financial products they offer through the portal, Hewitt said. “We’re designed to be the consumer landing […]

3 Shanghai Automotive Leasing Executives to Speak at Asia Summit

Three leading automotive leasing executives have joined the Auto Finance Summit Asia speaker roster to detail their experiences in the industry and share insights on how to grow leasing penetration in China. The panelists are all members of the event’s host partner the Shanghai Leasing Trade Association and will speak on a session entitled “The […]
  • William Hoffman
  • August 9, 2018
  • Asia

Tesla’s Accounting Changes Muddle Captive’s Results

Tesla Financial Services reported growth in its leasing portfolio, but because of an accounting change, it showed large declines over the last year, according to the company’s second-quarter earnings released today. Not adjusting for the accounting change, Tesla reports a 17% year-over-year increase in its lease portfolio to $4.2 billion outstanding. Yet, accounting for the […]

Online Retailer Joydrive Aligns With Dealers for Home Deliveries

Joydrive, a newly launched online automotive retail marketplace, wants consumers to order cars from their couch, arrange financing from their phones, and have the cars delivered to their driveways without ever stepping foot in a dealership. And it’s enlisting an unlikely ally to accomplish that vision — dealerships.   In the first seven months of […]
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