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COVID Evolution: Dealers and captives adapt to new era together [Feature]
Charles Darwin said it is “not the strongest that survives; but that the species that survives is the one that is able to adapt to and to adjust best to the changing environment in which it finds...
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N.Y. lenders see growth amid pandemic
The top 10 auto lenders in New York all recorded month-over-month growth of more than 100% in June. An in-depth look at marketshare by Auto Finance News for some of the largest N.Y. financiers, based...
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Weekly Wrap: Auto industry continues recovery
This week, the auto finance industry may be reaping the benefits of lenders and dealers adapting to offer digital car buying solutions during the height of the COVID-19 pandemic. Lenders supported...
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Chase Auto secures renewal of Subaru financing arrangement
Chase Auto and Subaru Motors have extended their private-label financing arrangement. Chase Auto has served as the exclusive auto finance provider to Subaru for more than 19 years. A spokeswoman for...
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Executive Dialogue: The road back
Already subscribed? Log in below. Username Password * Remember Me Forgot Password The post Executive Dialogue: The road back first appeared on Auto Finance News.
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Lenders eye 2021 expansion with new hires
The auto finance sector is on track for growth in 2021, if job listings are any indication. In fact, Auto Finance News found more than 1,400 job posts on the websites of 25 of the nation’s top 100...
View ArticleTop auto finance stories in 2020: Impacts of a pandemic
The COVID-19 pandemic has been the prevailing issue affecting all auto lenders’ decisions and performance in 2020, halting manufacturing production and prompting months-long payment deferral programs...
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GM, Toyota thrive as Nissan licks wounds: Auto sales update
Automakers reported a mixed bag of sales for the last quarter of 2020, with General Motors Co. and Toyota Motor Corp. posting strong results thanks to pent-up retail demand for their cars and trucks....
View ArticleExecutives from Chase Auto, Pagaya, TFS, Vroom join Innovation Summit speaker...
Top industry executives will join Auto Finance News to discuss new developments in digital transformation during an executive dialogue at the 2021 Auto Finance Innovation Summit, which returns as a...
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AFIS 2021: Legacy systems remain a roadblock to technology advancement
Legacy systems remain a significant roadblock to technology innovations in the auto finance industry as consumers demand more digital capabilities. “The consumer views [car buying] as a transaction,...
View ArticleToyota set to dodge earnings nightmare caused by chips crisis
Investors should see two scenarios playing out among automakers in Japan this week as the nation’s biggest car manufacturers report their financial results. On one side is Toyota Motor Corp., which...
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Toyota Financial Services’ 2020 outstandings surpass $100B
Originations at some of the largest auto lenders in 2020 were not slowed by the global pandemic, with several seeing double digit year-over-year increases. Toyota Financial Services’ originations rose...
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Toyota Financial Services to replace legacy system with Mazda’s Cloud-based...
Toyota Financial Services is expanding the use of its proprietary Mazda Financial Services digital mobility platform companywide amid a heightened focus on digital lending, a move that will replace...
View ArticleTFS uses Toyota for Good app to engage volunteers virtually
Toyota Financial Services last year leaned on its proprietary app, Toyota for Good, to advance its community service initiatives amid the COVID-19 pandemic as shelter-in-place orders made in-person...
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TFS’ Vipin Gupta: Digital now a way of life
When Vipin Gupta was named chief information officer at Toyota Financial Services in 2018, auto lenders could not have predicted how much digital lending would impact the industry in just a few short...
View ArticleToyota spending $13.7 billion to secure EV battery supplies
Toyota Motor Corp. plans to spend 1.5 trillion yen ($13.7 billion) on the supply and development of batteries for hybrid and electric vehicles by 2030, joining other global automakers boosting...
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Toyota Financial Services enters US powersports market
Toyota Financial Services (TFS) will serve as Great American Outdoors Group’s private-label finance provider through its latest partnership expansion starting in May 2022. Great American Outdoors...
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Listen: Weekly Wrap on OEM technologies and dealership trends
Last week, Exeter Finance announced it would venture into near-prime lending on the heels of its completed merger with Warburg Pincus. The program, ExeterPlus, is the lender’s first foray out of...
View ArticleToyota to plow $35B into accelerating electric car shift
Toyota Motor Corp. wants the world to know it’s serious about competing in the market for battery-based electric vehicles. The world’s biggest carmaker is planning to invest 4 trillion yen ($35.2...
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Auto ABS volume reaches highest level since the credit crisis
Volume in the auto asset-backed securitization (ABS) market reached its highest level since the 2007-2008 credit crisis, fueled by low cost of funds, elevated used-vehicle values and increased...
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