Hyundai Capital America | Auto Finance News | Auto Finance News

HCA, Flexdrive Partner for New Mobility Venture

Hyundai Capital America has partnered with mobility subscription services platform Flexdrive — after nearly a year of discussions — to support the development of alternatives to the traditional vehicle-ownership model, Andrew Leone, vice president of commercial credit and risk at Hyundai Capital America, told Auto Finance News. “If you think about this topic of mobility, […]

Hyundai Capital Launches AI-Powered Chatbot

Hyundai Capital America has adopted artificial intelligence into its Kia Motor Finance brand with the launch of “Kian,” an AI-powered chatbot that assists consumers with finance-specific questions, Martin Schmitt, chief executive at CarLabs, told AFN. The bot started “living” on Kia Motor Finance's website last month, Schmitt said, replacing the search bar and serving as […]

HCA Launches Lease Bundle for Luxury Brand Genesis

Hyundai Capital America’s luxury captive, Genesis Finance, launched an all-inclusive lease program today called Genesis Spectrum. The new program bundles lease payment, car insurance, and maintenance coverage into a monthly payment. Genesis Spectrum includes a 36-month loan term and insurance provided by MetLife Auto with a $500 deductible on 2019 Genesis G70, G80, and G90 sedans. […]

HCA’s James Vincent Joins Speaker Faculty at Auto Finance Risk Summit

Hyundai Capital America is joining the speaking faculty at the 12th annual Auto Finance Risk Summit to share strategies on how lenders can improve risk management through digital transformation. HCA’s Vice President and Department Head of Consumer Risk James Vincent will take the stage on May 15 at 3:45 p.m. PT for a panel discussion […]

Five Questions With… John Thacker of HCA

Five Questions With is a monthly Q&A segment on AutoFinanceExcellence.org that offers a glimpse of what senior industry executives are thinking about outside the boardroom. Read on to find out. John Thacker started his auto finance career two decades ago as a bill collector for Ford Motor Credit, and after “sitting in all the chairs” […]

Leasing’s New Look: Financiers Give Lease Options a Makeover

From the February issue: With new-car purchases lagging and used-values increasing, captives and OEMs are reimagining lease products to keep their customer bases growing. Roughly a decade ago, 1.4 million new vehicles were leased — a 16% penetration rate. Fast forward to 2019, and lease volume is expected to reach 4.1 million, with penetration as […]

2019 Survival Guide: How Lenders Are Planning for the Year Ahead

From the January issue: 2018 was a strong year for auto finance as delinquency rates dropped, the economy grew, and consumer demand remained high. However, the new year finds lenders and analysts bracing for an economic slowdown. But that’s not the only worry. New-car purchases are lagging, according to Manheim’s November data, which has new-vehicle sales […]
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