China’s Auto Finance Industry is Booming, Expected $265 Billion Market by 2021

China’s auto finance market could hit $265 billion (RMB 1.75 trillion) by 2021, which is more than a quarter of the U.S. market today, according to the 125-page long Chinese Automotive Finance Industry Report, 2017-2021. The Chinese auto finance market approached $152 billion (RMB 1 trillion) in 2016 and is expected to be around $171 […]
  • Huixin Deng
  • September 21, 2017

Nominations Close Tomorrow for Excellence Awards

Tomorrow is the deadline to submit nominations for the 2017 Auto Finance Excellence Awards, which recognize executives and companies that have made great contributions to auto lending and leasing in the past year. Among other accomplishments, executives or companies may be nominated for: • notable acquisitions that have changed the auto finance landscape; • innovations in […]
  • Marcie Belles
  • September 14, 2017

Deadline Nears for Excellence Awards

With just over a week to go before the Sept. 15 deadline, now’s the time to submit nominations for the 2017 Auto Finance Excellence Awards, which have annually since 2005 recognized executives and companies that have made great contributions to auto lending and leasing in the past year. Among other accomplishments, executives or companies may […]
  • Marcie Belles
  • September 6, 2017

Fintech Startup Pursues Captive Partners for Loan Engine

Fintech startup SuperMoney is scouting captive partners, after launching its auto loan vertical this week with 20 direct lenders and credit unions on the platform, founder Miron Lulic told Auto Finance News. Currently, SuperMoney offers secured, unsecured, refinance, and private-party auto loans, but eventually it could expand to offer a suite of products including leases. […]
  • William Hoffman
  • August 22, 2017

MotoLease to Debut Dealer Platform With Video Chat Feature

Motolease LLC is slated to launch Dealer Platform 2.0 — an upgraded version of its current portal — to bolster its technology efforts and further strengthen dealer and customer relations, Managing Partner Emre Ucer told Powersports Finance. Back in May, Ucer told Powersports Finance that the leasing provider was developing a platform “in an effort to streamline […]
  • Huixin Deng
  • August 22, 2017

Pelican Shores Up Recoveries, Collections

Pelican Auto Finance LLC is bolstering its collection and recovery strategies this year by partnering with Digital Recognition Network and Payix, Chris Mitcham, the lender’s senior vice president of servicing and analytics, told Auto Finance News. The subprime lender has been able to save around 15% per month on impound and storage fees as well […]
  • Emma Sandler
  • August 10, 2017

Selling Millennials on the Dealership Experience

Think back to the most important retail moments of the last 50 years. What would be on your list? Surely automotive veterans would add the Great Recession of 2007, along with the introduction of imports, SUVs, and Crossovers. The emergence of the internet would also make everyone’s top 10, as would most of the major […]
  • Auto Finance News
  • August 10, 2017

World Omni Launches Call Center Tool to Enhance Customer Experience

World Omni Financial Corp. continues to invest in technology to improve customer services, following the launch of its new call center tool, President Dan Chait told Auto Finance News. “To better serve our customers, we roll out enhancements in our system every few months,” he said. “We focus on improving the functionality and make this […]
  • Huixin Deng
  • August 9, 2017

Ally to Shore Up Digital F&I Experience Through TRED Partnership

Ally Financial Inc. is focusing on delivering “superior service” and its value proposition to digital dealers through TRED, following the lender’s recent partnership with the online-used car marketplace, Doug Timmerman, president of Ally Insurance, told Auto Finance News. “We are focused on how do we really best deliver on our value proposition — which when […]
  • Natalie Mattila
  • August 2, 2017

Auto Finance Excellence Awards Open for Nominations

Nominations have opened for the 2017 Auto Finance Excellence Awards, which have annually since 2005 recognized executives and companies that have made great contributions to auto lending and leasing in the past year. Among other accomplishments, executives or companies may be nominated for: notable acquisitions that have changed the auto finance landscape; innovations in capital market […]
  • Marcie Belles
  • August 2, 2017
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