Sales & Marketing | Auto Finance News - Part 2

DriveItAway to Boost Scale, Expand Reach With New Marketing Partnership

DriveItAway, a company that connects rideshare drivers with dealerships’ idle stock, is eyeing an increase in rental volume after securing a partnership with call-center company CloudOne, the companies announced today. Vancouver, Wash.-based CloudOne handles 250,000 calls per month at its automotive-focused call center that facilitates new- and used-vehicle sales. It also provides credit-based lead generation […]

Auto Finance Accelerate Early Bird Registration Ends This Week

Friday will be the last chance to take advantage of early bird registration prices for Auto Finance News’ week-long event, Auto Finance Accelerate. The series of three events will take place May 13-16 at the Omni San Diego. The success of the Auto Finance Risk Summit, now in its 12th year, and the 4th annual Auto Finance Innovation Summit made way […]

Online Portal Drives Half of Bank of America’s Direct Loan Volume in February

More than half of the direct auto loan applications Bank of America received in February were submitted via the bank's online lending portal, Senior Vice President of Centralized and Online Sales John Schleck told Auto Finance News. “Last month, our direct-to-consumer platform was roughly 54% to 55% of applications sent digitally, either on a [smart]phone […]

3 Themes to Watch in April

Last month, compliance and operations stories dominated the ranks as Auto Finance News’ most-read March stories. Below are AFN's top three themes to monitor, as determined by the six most-read stories in March. TCPA Settlements As the auto regulatory environment continues to heat up with stiffer oversight on both state and federal levels, TCPA settlements […]

New Webinar Offers Tips for How Lenders Should Adapt to Digital Disruption

Digital disruptors have shaken up traditional auto finance, compelling lenders to adapt to the new paradigm or risk losing business. One critical decision for finance company executives involves determining which elements of the car-buying and -financing process are most effectively linked — and which should be kept separate. That’s the upshot from the latest webinar […]

New MBFS Sales Exec Zeroes In on Tech Innovation

Mercedes-Benz Financial Services USA plans to use artificial intelligence and machine learning to further adapt to the industry’s “online evolution,” newly appointed Vice President of Sales and Operations Mark Lovely told Auto Finance News. Though traditional auto finance will remain a part of the business, Lovely is on the lookout for “new and exciting developments […]

HCA Launches Lease Bundle for Luxury Brand Genesis

Hyundai Capital America’s luxury captive, Genesis Finance, launched an all-inclusive lease program today called Genesis Spectrum. The new program bundles lease payment, car insurance, and maintenance coverage into a monthly payment. Genesis Spectrum includes a 36-month loan term and insurance provided by MetLife Auto with a $500 deductible on 2019 Genesis G70, G80, and G90 sedans. […]
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