Videos | Auto Finance News - Part 3

Senate’s Tax Bill Could Boost Powersports Industry, Free Up Disposable Income [VIDEO]

ThunderRoad Financial is feeling “very optimistic about 2018,” and the Senate’s tax reform overhaul could boost the industry even further, said Donal Hummer Jr., the lender’s president and chief executive. “We are seeing really strong demand and good floor traffic for dealers,” he told attendees at PowerSports Finance 2017 in late October. “Our volume is […]

Yandex.Taxi Tests Self-Driving Car on Icy Road [VIDEO]

After a recent snowfall in the suburbs of Moscow, Yandex.Taxi tested its driverless car prototypes against winter weather conditions, including icy, hard-to-see roads covered in several inches of snow. The autonomous vehicle prototype is based on a Toyota Prius and is modified to run tests with a help from the NAMI (The Central Scientific Research Automobile and Automotive Engines Institute). The […]

Lenders Aim to Develop Dealer Relations on All Levels Amid High Turnover [VIDEO]

LAS VEGAS — Developing the lender-dealer relationship from the senior level all the way down to the finance manager is crucial — particularly as dealership turnover is on the rise, panelists at PowerSports Finance 2017 said recently. Lenders should approach the relationship as a partnership, said Ozzie Giglio, chief executive and dealer principal at Windy […]

CFPB Actions Expected to Slow Amid Leadership Change [PODCAST]

The Consumer Financial Protection Bureau is not expected to be in a “holding pattern” in the long term, following the acting director leadership showdown, said Lucy Morris, partner in the Washington, D.C., office of Hudson Cook LLC. “I don’t think things will stop, but I do think there will be a pause and a slowdown,” […]

New Tesla Roadster Reaches Record-Breaking Speed [VIDEO]

Last week, in a surprise unveiling during Tesla Motors’ scheduled showing of its new semi-truck, a new car was introduced. Let’s rephrase that actually, because that seems like an understatement: A brand new, record-breaking, revamped Tesla Roadster was shown off to riotous applause. The Roadster can accelerate from zero-to-60 miles per hour in 1.9 seconds, making […]

GM’s Cruise Debuts Autonomous Ride-Hailing [VIDEO]

Cruise, the self-driving startup owned by General Motors Co., just launched an autonomous ride-hailing startup for its employees in San Francisco. In a new video, Cruise employees are seen ordering a ride from an app whereupon a driverless car pulls out of a garage to pick up the passengers. The cars are modified Chevrolet Bolt […]

CFPB’s Deputy Assistant Offers Insights Into Examinations [VIDEO]

Consumer Financial Protection Bureau exams are typically dreaded across the industry, but Calvin Hagins, the Bureau’s deputy assistant director for originations, said lenders “should look forward to them,” during a panel discussion at the 2017 Auto Finance Risk & Compliance Summit. The exams are an opportunity for the CFPB to learn about the industry, and lenders […]
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