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US Bank targets partners for mobile enhancements

  U.S. Bank is exploring potential partnerships to boost the bank’s mobile capabilities as it looks to bring in more customers and enhance the value it provides to dealers, John Hyatt, president of dealer services, told Auto Finance News. “We will continue to see advancements in technology that will allow more of our transactions to […]

BMWFS to leverage US Bank resources in new co-brand agreement

BMW Financial Services is leveraging U.S. Bank's resources to launch a co-branded credit card in January 2020, a move that will enable the captive to concentrate on the auto industry "rather than act as a bank," a U.S. Bank spokeswoman told Auto Finance News. As a part of the agreement, U.S. Bank will acquire BMW Bank's […]

NY dealership sells cars in HCA floorplan fraud suit

In response to Hyundai Capital America’s floorplan fraud suit, Cortland Manor, N.Y.-based Picon Motors LLC claims it is no longer in possession of the eight vehicles the captive sought to repossess from its now-defunct Kia dealership, according to July 18 filings with the Westchester County Court. HCA originally sued the dealership on the grounds it […]

Cracking the Code: How to Manage Dealer Relations in the Digital Age

From the April issue: In auto finance, the lender-dealer relationship is one of symbiosis. Yet, in an age where technology is continually advancing, and financing is becoming faster, lenders and dealers agree that being mindful of and maintaining the human relationship is paramount to cultivating a prosperous partnership. Advances in technology — machine learning, artificial […]

4 Auto Finance Trends Shaping the Chinese Market

It’s clear that China’s auto finance market is vastly different from the United States, but it’s hard to conceptualize those differences until you’re on the ground facing them head-on. In hosting the Auto Finance Summit Asia earlier this month, the AFN team learned a lot about the industry as it exists in China from difficulties […]

U.S. Bank Improves Auto Decisioning to Compete in Tight-Margin Business

SHANGHAI — U.S. Bank increased its auto decisioning capabilities and improved efficiencies in its sales team earlier this year to reduce expenses and continue to grow the business, said John Hyatt, executive vice president of dealer services. The comments came as part of a panel discussion at the Auto Finance Summit Asia, in which Hyatt […]

Westlake Financial Joins Executive Panel at Auto Finance Summit Asia

Westlake Financial Services will join a panel comprised of other leading  U.S. auto lenders at Auto Finance Summit Asia next month to share best practices for how lenders can grow business in the industry’s competitive landscape. Westlake’s Chief Financial Officer Paul Kerwin will join U.S. Bank’s Executive Vice President of Dealer Services John Hyatt and […]
  • William Hoffman
  • August 7, 2018
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