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Tag Archives: Avis Budget Group

Will Ride-Hailing Replace Personally-Owned Cars? Execs Weigh In

LAS VEGAS — The disruptive impact that ride-hailing companies are having on auto finance is evident with the success of Uber and Lyft. While both companies are not profitable, Uber 's revenue surged 43% to $11.3 billion in 2018 and Lyft's revenue doubled to $2.2 billion. However, the question confronting auto finance is whether ride-hailing […]

Bianca Chan
March 11, 2019
Innovation & Mobility, Operations, Risk, Strategy, Technology

Roadblocks Ahead for Consumer-Owned AV Adoption, Execs Say

LAS VEGAS — While autonomous vehicle fleets are sparking widespread interest in the industry, executives at an SFIG 2019 panel said widespread adoption of consumer-owned AVs is still at least a decade away. “We’re in the early stages of an industry revolution,” said Theresa O’Neill, managing director at Bank of America Merrill Lynch. The consensus […]

Bianca Chan
March 7, 2019
Innovation & Mobility, Technology

China Rideshare Didi Plans to Expand Into Carsharing

Didi Chuxing, China’s ridesharing behemoth, plans to expand into other mobility services including car-sharing, Cheng Wei, the founder and chief executive, said at China’s annual World Internet Conference in Wuzhen last week. The Beijing-based company intends to enter the car-share market with an initial investment of at least $151 million, Wei said, adding that users will be […]

Emma Sandler
December 12, 2017
All Posts, Asia, Innovation & Mobility

Car Harmony to Expand Used-Car Offerings

Online used-car seller Car Harmony is expanding its “breadth of offering” by listing wholesale vehicles, provided by one of its current partnered rental companies, on CarHarmony.com, said Craig Nehamen, the company’s co-founder and assistant vice president of strategy and corporate development at parent company Westlake Financial Services. Los Angeles-based Car Harmony, through a partnership with Midway […]

Natalie Mattila
July 26, 2016
All Posts, Archives, Operations, Strategy, Technology

FCA’s $350MM Securitization Shows ‘Structural Changes’

Flagship Credit Acceptance LLC (FCA) is preparing an asset-backed securitization worth $350 million in a transaction set to close on May 5. The notes are backed by subprime auto loan receivables, according to a presale report from Standard & Poor’s Ratings Services. The loans in the Flagship Credit Auto Trust 2016-2 (FCAT 2016-2’s) have a […]

Natalie Mattila
April 26, 2016
All Posts, Archives, Capital Markets, Operations, Risk, Strategy

Avis Grows Direct-to-Consumer Sales, Financing

As part of an ongoing expansion, the Avis Budget Group Inc. recently announced it had enrolled a total of more than 3,000 U.S. dealerships, in 19 states, to participate in Avis Direct, its relatively new dealer channel for retail sales of off-rental vehicles from the Avis, Budget, Payless and Zipcar brands. Avis Direct is partnered […]

Jim Henry
October 6, 2015
Archives, Credit Performance, Operations, Strategy

Tech Partnerships Help Drive Digital Transformation in Auto Finance

Aclaro, a company that develops tools for companies in the automotive industry, recently announced game-changing news that validates its mission of helping small, scrappy dealerships compete with larger competitors. As part of its efforts to deliver five-star service for its clients, Aclaro joined the Microsoft Partner Network, allowing the company to continue building its business […]

How Lenders Should Leverage the Power and Promise of Artificial Intelligence

Technology does not wait for rules or regulations. Artificial intelligence (AI) is no exception. The potential profit associated with fintech speeds up innovation, but it also increases the risk of implementing machine intelligence without assessing potential hazards. Simply put, we do not understand how some machines solve problems with deep learning algorithms. This risk can […]

How to Leverage Current Machine Learning and AI Tools in Auto Lending

Auto dealers have heard the hype about how machine learning (ML) and artificial intelligence (AI) are going to transform their businesses. Typically, there are usually two binary outcomes that are discussed. On one hand, the promise of the future seems so bright. Instead of relying on intuition and gut feeling, many divisions of their businesses […]

The Value of User Experience When Managing Risk

Much has been written about the rise of machine learning and artificial intelligence and how it will impact the auto lending industry. While there has been a significant amount of hype, the promise of artificial intelligence is simply game changing. The most obvious application is that thinking machines will be able to assess risk and […]

The Benefits of Artificial Intelligence in Auto Lending

We are inundated with discussion about how new technologies promise to change the way that we do business and live our lives. Yes, many of these proclamations offer rhetorical flourish and grand visions. That said, there are new technologies available and startups that are maximizing these technologies to transform the auto industry — even today. […]

How Lenders’ Response Time Influences Dealer Relationships

Automotive OEMs rate vehicle performance by the time it takes to go from zero to 60 in seconds. This is a measure of energy conversion – fuel, spark, movement. While this is a mechanical situation, a comparison can be made to business response times. While fuel is a potential auto loan customer, the spark is […]

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Tag Archives: Avis Budget Group

Will Ride-Hailing Replace Personally-Owned Cars? Execs Weigh In

Roadblocks Ahead for Consumer-Owned AV Adoption, Execs Say

China Rideshare Didi Plans to Expand Into Carsharing

Car Harmony to Expand Used-Car Offerings

FCA’s $350MM Securitization Shows ‘Structural Changes’

Avis Grows Direct-to-Consumer Sales, Financing

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