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Clutch Technologies debuts fleet-valuation tool for subscription service providers

Clutch Technologies, a software company focused on subscription and mobility services, launched two tools this week for dealers and manufacturers to manage fleet size, mix, and usage. The first product addresses fleet valuation by leveraging remarketing data from Cox Auto subsidiaries Manheim, Kelley Blue Book, and Cox Automotive Data Solutions (CADS). The tool provides wholesale […]

Auto Finance Summit 2019 Registration Opens With New Agenda

Auto Finance News is proud to announce that the Auto Finance Summit 2019 registration and agenda are now available on AutoFinanceSummit.com. The 19th annual event will take place October 28-30 at the Bellagio Las Vegas. Registration can be submitted here.  It’s a revolutionary time for auto finance, as technological innovations are making waves in the industry. Meanwhile, lenders are working to stay ahead […]

Toyota Financial Fosters Digital-Savvy Workforce With Internal Program

Toyota Financial Services has launched an internal digital learning program for its employees and business partners called TFS Digital Academy, Auto Finance News has learned. TFS Digital Academy will be led by company veteran Mark Dirkson, according to Dirkson’s May 14 LinkedIn post. Dirkson’s 11-year tenure with TFS includes his new role as Dean of […]

Ford Credit Earnings Fall Despite Higher Lease Penetration, Stronger Auction Values

Despite favorable lease residual performance driven by higher auction values, Ford Motor Credit Co. posted lower earnings last year, according to results released yesterday. The captive’s full-year 2018 net income dropped 26% to $2.2 billion. Lease penetration in the fourth quarter climbed 4 percentage points year over year, to 21%. The continued rise in leasing […]

Daimler Mobility Platforms Reach 26 Million Users, Amid Global Expansion

Daimler AG’s mobile platforms have notched 64% growth in users this year. Through September, more than 26 million customers have used Daimler mobile ride-hailing and car rental services like car2go, mytaxi, and moovel, the OEM announced today. Newly released usage numbers coincide with the announcement that the German company will change its name to Daimler […]
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