All Posts | Auto Finance News - Part 3

Automakers dangle record $4,500 discounts to clear old inventory

Automakers struggling to clear inventory of older models from U.S. dealerships probably will offer richer discounts to consumers this month than ever before, according to J.D. Power. Incentive spending likely will rise 12% to $4,538 per vehicle in November, the market researcher estimated Wednesday, exceeding $4,500 for the first time. The growth in automakers’ outlays to entice […]

SunTrust, Westlake Financial execs offer career advice

The executives of two of the top 30 auto financiers in the U.S. offered up guidance to industry veterans and those just entering the business. Auto Finance Excellence spoke with Westlake Financial Services President Ian Anderson and SunTrust Banks’ head of indirect lending, Chuck Jones, who, together, carry 60 years of industry experience. Advice for new hires: Entering the highly competitive and complex […]

Data breaches: What to do when it happens to you

Friday at 5:15 p.m. your chief information officer calls saying she thinks the company has been hacked. The allegedly hacked customer records have not been posted, yet the tip appears legitimate. The CIO asks: “What do we do?” Scenarios like this are increasingly common, and the reputational, regulatory and operational effects can be devastating. Your […]

Fintech task force deliberates pros and cons of ‘big data’

More than 2.5 quintillion bytes of data are created every single day. As such, lenders are collecting vast amounts of consumer information and calling it “big data,” a key product to generate insights, support decision making, and enable automation.  Access to “big data” gives financial institutions more power over their consumers’ personal information and, in […]

Toyota Financial’s Vipin Gupta joins Auto Finance Innovation Summit for fireside chat

Auto Finance News is thrilled to host Toyota Financial Services’ Chief Information Officer Vipin Gupta at the 5th annual Auto Finance Innovation Summit for a fireside chat on Tuesday, March 10. The event will take place at the Omni San Diego on March 10-11, directly following the Auto Finance Sales & Marketing Summit. Check out […]
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