Audi Financial Services | Auto Finance News | Auto Finance News

Dealers Prioritize Lender Communication, J.D. Power Survey Finds

As interest rates rise, dealer satisfaction with their lender partners is increasingly reliant on quick and meaningful communication with credit staff, according to the 2018 J.D. Power Dealer Financing Satisfaction Survey released this week. “Satisfaction declines by 163 points, on a 1,000-point scale, when dealers are not able to reach the credit staff,” Jim Houston, […]

Audi Financial Services Latest Lender to Join AutoGravity

AutoGravity, the mobile car shopping and financing app, is partnering with Audi Financial Services, the financial services arm of Audi of America, the companies announced today in a press release. The AutoGravity platform, which allows for a user to connect to lenders, lessors, and dealers to acquire and finance a vehicle, will now include Audi Financial […]

Audi Car-Rental Service Plans Expansion To Five New Locations

As subscription and rental car services grow more prominent in the industry, Audi is taking steps to expand the reach of its own car-rental service. Silvercar, the Audi-only car rental service acquired by Audi in 2017, is planning to open in five new locations. Chris Donus, the president and chief operating officer of Silvercar, told […]

VW Eyes Sale of Ducati in Shift Away From Powersports

Volkswagen might sell Ducati in a move to streamline operations and help fund a strategic overhaul, according to a published report. Volkswagen is curbing spending across the group, including cutting thousands of jobs at its core VW brand, to help fund a shift to electric cars and new mobility services. It would also be a […]

5 OEMs Using Virtual Reality to Change the Auto Market

When augmented and virtual reality first entered the consumer scene there was a lot of excitement behind its entertainment applications, particularly with video gaming. But as people have grown more familiar with the product, automakers are jumping on the bandwagon to explore the use-cases for both engineering and designing, as well as how to encourage customers to […]

AutoGravity Expands to 46 States, Partners with Captives

The California-based digital car buying company AutoGravity announced today that it’s now available in 46 states across the country. There are at least four lending partners available in each state where the platform is offered, the company told Auto Finance News. “You can expect multiple captive lenders and we’ll be making announcements about them over […]

Buyers Stick With Longer Loans, New Cars, Despite Higher Sticker Prices

On paper there’s cause for concern that higher sticker prices on new cars could drive customers to settle for used cars, but in practice, dealers and lenders say longer terms and leasing continue to move the metal, and high used-car prices also discourage buyers from switching. In addition, several dealers including some of the publicly […]
Page 1 of 212 »