Auto Finance News’ Top 5 Stories of 2018

It was an interesting year. Early in 2018, Fiat Chrysler Automobiles said it would form a captive unit. The end of the year saw the arrest of Renault-Nissan-Mitsubishi alliance head Carlos Ghosn. And there was plenty of news in between. What follows are AFN editors’ picks for top five stories of 2018: Fiat Chrysler Automobiles […]

USAA Bank Tees Up Subscription Services at Auto Experience Lab

USAA Bank’s Auto Experience Lab is working to enter the subscription service market, but even after seven years of development, rollout for that service is still “under the queue of projects to complete,” James Spears, assistant vice president at USAA Auto Experience, told Auto Finance News. Much of the work in the lab is dedicated […]

Why Penetration Rates Are Dropping at Hyundai Capital, NMAC

LAS VEGAS — Hyundai Capital America expects rising interest rates to squeeze penetration ratios to 40% or 50% by yearend across all its franchise brands, Chief Executive Ross Williams said during a fireside chat at the Auto Finance Summit. Historically, the captive’s penetration rate has hovered around 70%, Williams said. However, the rising interest rate […]

Auto Finance Feels the Pressure of Fed’s Rate Hikes

Major automakers are reporting declines for U.S. sales as signs of tightening credit conditions are adding pressure to financing options for consumers.  Ford, Toyota, Nissan, and Honda all reported sales declines in September of 11.2%, 10.4%, 12.2%, and 7%, respectively. Though Hyundai sales rose 0.6%, sibling brand Kia was down 1.8%, according to sales reports. […]

Renault Alliance Launches $1B Investment Fund For Mobility Tech

The automotive alliance of Renault-Nissan-Mitsubishi has announced the launch of Alliance Ventures, a new corporate venture capital fund that plans to invest up to $1 billion over the next five years, according to a press release. Alliance Ventures is a corporate effort to support open innovation in automotive technology, with a focus on new mobility […]

Nissan Introduces Brain-to-Vehicle Technology [Video]

With the Consumer Electronics Show (CES) approaching, automakers are showing off their latest technological advancements in autonomous vehicle research, including Nissan’s new brain-to-vehicle technology. Brain-to-vehicle, or B2V, is the concept of a car anticipating your driving reactions even before you have the chance to start turning the wheel or applying the brake. This neural interface, […]
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