Westlake Exec Outlines Auto Finance Strategy for the Current Economic Cycle [VIDEO]

Technology tools will help lenders navigate and excel in the current financial cycle, said Paul Kerwin, Westlake Financial EVP and CFO, at the 18th Annual Auto Finance Summit. “For auto finance, we’re really in a new cycle and a new game,” Kerwin said. “The cycle started in 2009. Everything was pretty easy — there wasn’t […]

• Monica Melton
• November 20, 2018
• Auto Finance Excellence, Auto Finance Summit, Innovation & Technology, Risk Management, Videos

Chase Auto, USAA, Bank of America on Direct Lending and Improving Dealer Relations [VIDEO]

Direct lenders are coming up with innovative strategies to provide customers with a better experience while maintaining a stronger working relationship with dealers. Lenders from well-established auto financing institutions participated in a panel discussion at the 18th Annual Auto Finance Summit to discuss those issues, as well as how to keep their customers from being “flipped.” “The potential of […]

• Monica Melton
• November 16, 2018
• Archives, Auto Finance Summit, Risk Management

From Profitability to Viability, Execs Weigh In on Subscription Services [VIDEO]

OEMs are still trying to crack the code of profitability and consumer interest in subscription services. Leading providers in the space weighed in on this relatively new method of car utilization, in a session at the 18th Annual Auto Finance Summit. Mason McLead, vice president of engineering at car-as-a-service company Fair, defined a subscription as […]

• Monica Melton
• November 15, 2018
• Auto Finance Excellence, Auto Finance Summit, Innovation & Technology, Risk Management, Sales & Marketing, Videos

How USAA Is Improving Experiences for Members [VIDEO]

USAA has specific objectives around customer service and simplifying the consumer-facing loan application process. The bank’s priorities heading into 2019 are to continue to provide an end-to-end digital experience for members to find and finance cars. “As a direct lender, we facilitate the process from research to enabling that member to apply online, decisioning that […]

• Monica Melton
• November 6, 2018
• Auto Finance Summit, Innovation & Technology, Risk Management, Sales & Marketing, Videos

Yandex.Taxi Tests Self-Driving Car on Icy Road [VIDEO]

After a recent snowfall in the suburbs of Moscow, Yandex.Taxi tested its driverless car prototypes against winter weather conditions, including icy, hard-to-see roads covered in several inches of snow. The autonomous vehicle prototype is based on a Toyota Prius and is modified to run tests with a help from the NAMI (The Central Scientific Research Automobile and Automotive Engines Institute). The […]

• Emma Sandler
• December 4, 2017
• All Posts, Videos

Uber Releases Commercial Touting Benefits of Ridesharing [VIDEO]

Uber has released a commercial with a humorous take on street traffic in Bangkok where all the cars have been replaced with boxes. The commercial features people in boxes shouting and bumping into each other. The video also features people “parking” their box and then forgetting which one is theirs as well as an intersection […]

• Emma Sandler
• November 10, 2017
• All Posts, Innovation & Technology, Videos

Regulatory Attention Points to Challenges Ahead [VIDEO]

The auto finance market needs to focus on “generating positive messages as it endures a flurry of negative publicity” and growing attention from regulators. That is the key takeaway from a video posted this week by White Clarke Group on a panel debate at the International Auto Finance Conference, which took place in May in London. […]

• Natalie Mattila
• August 24, 2017
• Compliance & Regulation

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
• Credit Performance, Innovation & Technology, Risk Management