Chinese Tariffs to Complicate Underwriting, Slow Innovation, Analyst Says

In addition to increasing vehicle prices, the 25% tariffs imposed on Chinese parts and goods by the Trump administration will complicate the underwriting process for lenders and slow down innovation in the auto industry, Jonathan Smoke, chief economist at Cox Automotive, told Auto Finance News. “Americans aren’t suddenly making 10% or 25% more income,” Smoke […]

• Joey Pizzolato
• June 18, 2019
• Innovation & Mobility, Operations, Risk

Auto Finance Accelerate 2019 Unveils Slate of Speakers From Chase Auto, Ally, Hyundai Capital

Auto Finance News is proud to welcome a slate of diverse speakers to this year’s spring event, Auto Finance Accelerate 2019, to be held May 13-16 at the Omni San Diego. The speaker faculty is quickly expanding with the addition of several top captives and banks. Chase Auto’s Chief Marketing Officer Melinda Welsh will kick off […]

• Nicole Casperson
• April 10, 2019
• Compliance, Credit Performance, Innovation & Mobility, Operations, Risk, Sales & Marketing, Strategy, Technology

Auto Finance Accelerate Early Bird Registration Ends This Week

Friday will be the last chance to take advantage of early bird registration prices for Auto Finance News’ week-long event, Auto Finance Accelerate. The series of three events will take place May 13-16 at the Omni San Diego. The success of the Auto Finance Risk Summit, now in its 12th year, and the 4th annual Auto Finance Innovation Summit made way […]

• Bianca Chan
• April 3, 2019
• Innovation & Mobility, Risk, Sales & Marketing, Strategy, Technology

CFPB, OCC, Federal Reserve Prioritize Fintech Regulation in 2019

WASHINGTON, D.C. — Half of the bankers at CBA Live 2019 identified investments in technology as their No. 1 priority for the immediate future. On the heels of that audience response, a panel of regulators urged that innovation and technology is a top priority, as well. One of the top objectives of the Consumer Financial […]

• Nicole Casperson
• April 2, 2019
• Innovation & Mobility, Risk, Technology

New MBFS Sales Exec Zeroes In on Tech Innovation

Mercedes-Benz Financial Services USA plans to use artificial intelligence and machine learning to further adapt to the industry’s “online evolution,” newly appointed Vice President of Sales and Operations Mark Lovely told Auto Finance News. Though traditional auto finance will remain a part of the business, Lovely is on the lookout for “new and exciting developments […]

• Nicole Casperson
• March 28, 2019
• Innovation & Mobility, Operations, Sales & Marketing, Technology, Update

Deadline Nears for AFN DEMOvation Challenge Submissions

With the deadline looming, now’s the time for startups to apply for a limited number of innovation demos during Auto Finance Innovation Summit 2019, which is slated for May 14-15 at the Omni San Diego. Auto Finance News is holding a DEMOvation Challenge in advance of Auto Finance Innovation Summit 2019 to determine which startups will […]

• Bianca Chan
• March 27, 2019
• Innovation & Mobility, Technology

Fair’s Georg Bauer Joins Auto Finance Innovation Summit for Fireside Chat

Auto Finance News will host Fair’s Co-Founder and President Georg Bauer at the 4th annual Auto Finance Innovation Summit for a fireside chat on Wednesday, May 15, at 9:05 a.m. PT. The event will take place at the Omni San Diego on May 14-15, directly following the Auto Finance Sales & Marketing Summit. Check out […]

• Nicole Casperson
• March 6, 2019
• Innovation & Mobility, Technology

How Daimler-BMW’s $1.1B Mobility Venture May Affect Finance Operations

Despite Daimler AG and BMW Group’s $1.1 billion investment in a mobility and ride-hailing joint venture, the companies’ captives will continue to operate as competitors. “The core business with vehicles will remain unaffected, and the competition in the premium market will be maintained,” Daimler Financial Services spokesman James Ryan told Auto Finance News. “This also […]

• Nicole Casperson
• March 1, 2019
• Innovation & Mobility, Operations, Technology, Update