Testing the resiliency of auto ABS

The auto asset-backed securities market continues to attract investors — even from overseas. While market headwinds brought on by lengthening loan terms, trade disagreements and a potential economic downturn test the market’s resilience, closer examination of the auto ABS structure proves the strength of these bonds in the face of adversity. In fact, investor appetite […]

• Nicole Casperson and Joey Pizzolato
• November 21, 2019
• Capital Markets, Credit Performance, Exclusive, Features, Risk Management

Originations fall flat in 3Q

New data from TransUnion’s third-quarter Industry Insights Report echoes auto finance executives’ sentiments at the Auto Finance Summit that origination growth will slow in the coming months. “We’re expecting flat originations on a year-over-year basis,” Matthew Komos, vice president of financial services research and consulting at TransUnion, told Auto Finance News, citing rising vehicle prices […]

• Joey Pizzolato
• November 13, 2019
• Customer Experience, Sales & Marketing

AFS 2019: How Tricolor leverages Google Mexico to generate leads [Video]

LAS VEGAS — Tricolor Auto Acceptance is leveraging a partnership with Google Mexico to reach more Hispanic consumers and enhance its lead-generation process, company Chief Executive Daniel Chu said at the Auto Finance Summit 2019.  Tricolor’s goal is to “broadly develop the most robust search engine to serve the unbanked Hispanic consumer,” Chu said. “We […]

• Nicole Casperson
• November 7, 2019
• Innovation & Technology, Sales & Marketing

AFS 2019: HyreCar exec pinpoints subscription service challenges and opportunities [Video]

What do delivery pizza and automotive subscription services have in common? HyreCar’s SVP of Strategic Partnerships Brian Allan made the case at the Auto Finance Summit that vehicle subscription services could unlock the potential for consumer adoption with a seamless mobile app, just as Domino’s achieved with pizza delivery 10 years ago. “Domino’s changed the […]

• Bianca Chan
• November 6, 2019
• Auto Finance Summit, Innovation & Technology, Videos

AFS 2019: GMF, Veros Credit roll out communication portals to revamp customer experience 

LAS VEGAS — Two auto lenders are changing the way their customers communicate with them throughout the lifecycle of their loans, senior executives revealed during the Auto Finance Summit this week.  Nonprime lender Veros Credit revealed that it had integrated WhatsApp — which allows users to send text messages and voice messages — onto its […]

• Nicole Casperson
• November 1, 2019
• Auto Finance Summit, Customer Experience, Exclusive

AFS 2019: TFS to launch car-buying website with preapprovals [Video]

LAS VEGAS – Toyota Financial Services, in partnership with OEM Toyota Motor Corp., is piloting a product that will enable consumers to shop inventory at participating dealerships and secure preapprovals online, Carrie McNamara, TFS national manager of customer and dealer experience, said Wednesday at the Auto Finance Summit. Currently, seven or eight dealers are piloting the product, which […]

• Bianca Chan
• November 1, 2019
• Auto Finance Summit, Customer Experience, Exclusive, Innovation & Technology, Sales & Marketing, Videos

AFS 2019: Chicago Fed debunks looming recession forecast

LAS VEGAS – A Federal Reserve Bank of Chicago senior economist yesterday discounted the likelihood of a recession in the U.S. economy, despite the expectations of many in the auto finance industry. “What causes us to go into a recession is some sort of bad event… and it has to be a bad economic event […]

• Bianca Chan
• October 29, 2019
• Auto Finance Summit, Risk Management

Veros Credit’s chief legal officer to present at Auto Finance Summit

At the upcoming Auto Finance Summit, Robert Tennant, chief legal officer at Veros Credit, will offer insights into the latest on regulations and enforcement during a presentation on Tuesday, Oct. 29 at the Bellagio Las Vegas. Tennant will speak about current trends in Fair Debt Collection Practices Act (FDCPA) and Telephone Consumer Protection Act (TCPA) […]

• Nicole Casperson
• September 19, 2019
• Auto Finance Summit, Risk Management