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Global Lending Services Delays Launch of Mobile Wallet

Subprime lender Global Lending Services pushed back the launch date of its mobile wallet functionality, which will allow consumers to make auto loan payments from their mobile devices, Chief Executive Steve Thibodeau told Auto Finance News. Initially slated for yearend 2018, the new capability will now be rolled out in March or April. The mobile […]

Auto Finance Accelerate Agenda Explores Sales and Marketing

The auto finance market is rapidly evolving as consumer preferences change, marketing technology evolves, and smartphones threaten traditional sales strategies. Auto Finance News has developed a comprehensive program to address these trends and more at the Auto Finance Sales & Marketing Summit, which will be held at the Omni San Diego on May 13. Produced by Auto […]

Catching the Wave: The Impact of Direct Lending on Auto Finance

The wave of direct lending is starting to swell, and lenders are working to initiate their programs before it crests. “[Direct lending] is still small for us, and we’re looking at trying to stay in front of the fact that consumers’ expectations around, predominantly, information is evolving,” Jeffrey Danford, Ally Financial’s senior vice president of […]

Drive Motors Hires Head of Strategic Partnerships

Drive Motors, an online sales platform for dealers, announced today the appointment of Chris Gugliotta as its head of strategic partnerships. Gugliotta brings 20 years’ experience in technology, automotive, and retail sales. He was formerly the head of innovation and online sales at Lithia Motors, a dealership headquartered in Medford, Oregon. In his new role, […]

AutoGravity Eyes Amazon-Like Features For Car Financing

The multi-lender, indirect car-buying platform AutoGravity, is building a data science team that could one day provide car and auto loan suggestions — much like Amazon, said Serge Vartanov, chief marketing officer for AutoGravity, during a panel discussion at LendIt USA 2017. “One of the major innovations of the past few years — which has […]

FCA Partners With Amazon, Leaves Financing to the Dealerships

Although online retailer Amazon.com is dipping its toes in the auto market — through an exclusive partnership with Fiat Chrysler Automobiles in Italy — the financing portion of the transaction will not take place online, an FCA spokesman told AFN. Italian consumers can browse Fiat vehicles on Amazon, but the pickup, contracting, and financing are […]

Video & Report: Latest Global Asset & Auto Finance Research [SPONSORED]

The outlook for the auto and asset finance industry looks cautiously positive, with innovation the key to unlocking new potential. At White Clarke Group, we have been tracking the fortunes of the global asset and auto finance market in our regular surveys for four years now, and as our latest report makes clear, a lot […]
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