General Motors Co. | Auto Finance News | Page 4 | Auto Finance News - Part 4

5 OEMs Offer Low-Rate Incentives for Independence Day

With the Fourth of July around the corner, many captives are ramping up finance incentives — including low-rate APR and other special offers — to bolster sales.   Auto Finance News took a look at the current offers in the market. Here are five financing promotions heating up the market: 1. Toyota Motor Corp. Toyota […]

Early Evidence of a Down June

Reports are coming in today that suggest June will be a down month for car sales in the United States. According to estimates, the SAAR for the month could be 2.3% to 3.6% lower. Here’s an excerpt from the LMC Automotive/J.D. Power forecast via Seeking Alpha: The LMC Automotive/J.D. Power forecast is for a 2.3% […]

Maven Aims to Ease Delivery Drivers Into Leasing With Weekly Rental Program

General Motors Co.’s mobility services platform Maven launched a rental product for rideshare and delivery drivers called Maven Gig yesterday, in hopes it will serve as a gateway for consumers to lease vehicles from General Motors Financial Co., Rachel Bhattacharya, GM’s director of commercial mobility and AV fleet operations, told Auto Finance News. “Obviously, if a renter just […]

5 Mobility Platforms Advancing the Gig Economy

When Uber began in 2009, the company assumed the position of leading the first wave of mobility services into the gig economy, and in many ways has come to define it. But as the gig economy has evolved, it has expanded into a nebulous entity that has outgrown a simple example. Uber, for instance, has established […]

Credit Card Companies Boost Interest in Mobility Finance

Mastercard is expanding its relationship with General Motors Co., to allow for online payments for multiple services — including Maven carsharing — evidencing that credit card companies are beginning to understand that mobility finance is the next frontier for revenue. And those companies that do not collaborate with mobility services will be behind the times, Grayson Brulte, president of Brulte & Co., told Mobility Finance. […]

Maven Launches New Rental Service to Accelerate Gig Economy

Maven — General Motors Co.’s mobility services platform — launched a new service today, to offer rideshare and delivery drivers an alternative to leasing. Through the new program, called Maven Gig, drivers can rent the vehicles for $229 per week. The fee includes insurance (minus deductibles), maintenance, and unlimited miles, according to a company press release. The Chevrolet Bolt EV […]

Wireless EV Charging Offers Investment Options for Financiers

There is a massive rush to advance mobility, beyond just traditional rideshare, and the financing beneath the mobility infrastructure has caught the attention of many major automakers and captives. From Toyota Financial Services’s partnerships with Uber and Getaround, to General Motors Co.’s Book by Cadillac and Maven carshare programs, OEMs are making sure they remain […]

GM Launches Monthly Service as Carshare Gains Popularity

Carsharing, while still in its infancy, could become as common as leasing, said Bob Tiderington, senior manager for vehicle sharing at Maven, General Motors Co.’s mobility brand. To that end, Maven expanded its offerings on March 3 to include a new monthly service, called Maven Reserve. Through the program, members pay a monthly fee to reserve a […]
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