HyreCar’s earn-to-own program focuses on short-term loans

HyreCar’s dealer portal has paved the way for its new earn-to-own pilot program, Brian Allan, senior vice president of strategic partnerships, told Auto Finance News. The new earn-to-own program would allow drivers who rent cars for ridesharing programs to eventually finance their vehicle. “The portal helps dealers identify these customers that are renting [cars to use […]

• Joey Pizzolato
• September 3, 2019
• Innovation & Technology, Sales & Marketing

HyreCar looks to break rent-for-rideshare mold

HyreCar’s “platform agnostic” approach to ridesharing is a key driver of the startup’s surplus of users, according to Brian Allan, senior vice president of strategic partnerships. “Most every other rent-for-rideshare platform ties [consumers] down to specific platforms, [such as Uber or Lyft],” he said, adding that HyreCar users can drive for services such as Lyft, […]

• Joey Pizzolato
• August 29, 2019
• Customer Experience, Innovation & Technology, Sales & Marketing

Pentagon FCU gears up for omnichannel approvals

Pentagon Federal Credit Union will be granting “omnichannel approvals” once it completes a company-wide migration to a new loan origination system, said Ivan McBride, VP of auto lending products and sales.  The LOS will enable PenFed to approve customers for one type of loan, say an auto loan, and approve them for a second loan […]

• Bianca Chan
• August 27, 2019
• Exclusive, Innovation & Technology, Operations

Subscription service Mobiliti preps for global expansion

Startup Mobiliti has set in motion plans to establish itself as a global player in the subscription space via a newly inked partnership with Australian marketplace Carsales.com.  With an inventory of more than 200,000 new and used vehicles, Richmond, Australia-based Carsales.com is an online marketplace for consumers to buy and sell cars. The site attracts […]

• Nicole Casperson
• August 27, 2019
• Exclusive, Innovation & Technology

Toyota to pilot autonomous vehicle program with Chinese startup [Video]

Toyota Motor Corp. has struck a deal with Chinese startup Pony.ai to launch an autonomous vehicle program next month in Beijing and Shanghai, the companies announced on Monday. Pony.ai will build its autonomous driving system into Toyota’s Lexus RX vehicles. The companies will start the pilot project as they “attempt to accelerate the development and […]

• Nicole Casperson
• August 26, 2019
• Innovation & Technology

Tricolor adds human touch to innovation

Tricolor Auto Acceptance adds a personal touch to its innovation initiatives when working on new products, President and Chief Operating Officer Don Goin told Auto Finance News. “When we’re working on new products, we use a customer-centric design thinking concept, which includes feedback from customers,” Goin said. Specifically, Tricolor employs a focus group approach when […]

• Joey Pizzolato
• August 23, 2019
• Customer Experience, Innovation & Technology, Sales & Marketing

GM Financial eyes AI for remarketing

GM Financial is leveraging artificial learning and advanced analytics to price off-lease inventory and optimize dealers' ability to sell those vehicles, Executive Vice President of Customer Experience Bob Beatty told Auto Finance News. Some of the questions GM Financial is tackling are: “What inventory should they buy and how much should they sell it for? […]

• Bianca Chan
• August 22, 2019
• Customer Experience, Exclusive, Innovation & Technology, Sales & Marketing

AutoGravity increases lead generation, turns to AI

AutoGravity has expanded the number of avenues it uses to generate customer leads for auto dealers, Chuck Schofield, vice president of sales and dealer services, told Auto Finance News. AutoGravity’s platform allows consumers to perform inventory and financing research online before going to a dealership. With these new enhancements, dealer partners receive CRM notifications when […]

• Joey Pizzolato
• August 21, 2019
• Innovation & Technology, Sales & Marketing