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New Webinar Offers Tips to Make Compliance Training Fun
Making compliance training fun seems impossible — and expensive — but there are simple ways to alter training initiatives to engage employees without breaking the bank. That’s the upshot from the...
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Daimler Performs Test of Blockchain in $114MM Transaction
Daimler AG issued a €100 million ($114.2 million) promissory note using blockchain technology, which the Mercedes-Benz manufacturer says is a first step to testing faster and more secure financial...
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5 OEMs Offer Low-Rate Incentives for Independence Day
With the Fourth of July around the corner, many captives are ramping up finance incentives — including low-rate APR and other special offers — to bolster sales. Auto Finance News took a look at the...
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Toyota Opens $1 Billion Texas Headquarters
PLANO, Texas — After three years of planning and construction, Toyota Motor North America Inc. celebrated the grand opening of its new centralized headquarters in Plano Texas on Thursday. The new...
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Nearly Half of Toyota Financial Team to Move to Texas This Summer
PLANO, Texas — About 400 Toyota Financial Services employees are still making the move to the manufacturer’s new Texas headquarters from Torrance, Calif., with July and August serving as the “biggest...
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What Gets Measured Gets Done: Establishing Key Risk Indicators to Measure...
When we visit a doctor, we learn much about our health risk based on various measurements. Doctors check our blood pressure, heart rate, and cholesterol levels, and then compare them to medically...
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Fed Numbers Place Ally as No. 1 Lender Amid Wells Fargo’s Pullback
For three and half years Wells Fargo Dealer Services has been the No. 1 provider of retail loans, but now that title belongs to Ally Financial Inc., according to data from the Federal Reserve. Wells...
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Toyota Financial Collaborates With Ride-Hail Service Grab
Toyota Financial Services — along with Toyota Motor Corp. and Aioi Nissay Dowa Insurance Co. — are forming a collaboration with Southeast Asia ride-hailing giant, Grab, the companies announced today....
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Reinventing the Aftermarket: Will All-Inclusive Subscription Services Be the...
Ned Ryan, chief executive of Canvas. (Photo by: Scott Chernis) While “all-inclusive” is a pretty well-known concept in the resort world — many vacation spots boast carefree, wallet-less getaways, where...
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Negative Equity Poses Threat to Lenders in Wake of Hurricane Harvey
More than half a million vehicles in the Houston area are estimated to be a total loss following the flooding damage caused by Hurricane Harvey, and more of those consumers than ever are upside down on...
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Auto Lenders Provide Relief Amid Hurricane Harvey Devastation
The full economic impact of Hurricane Harvey on the auto industry has yet to be determined, but in the short term it’s clear that many consumers are going to need financial assistance and a number of...
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Toyota Financial Services U.K. Teams Up With Alternative Credit Scoring Startup
Aire, an alternative credit scoring startup, raised a $5 million Series A funding round and announced a partnership with the U.K. arm of Toyota Financial Services yesterday. The round was led by...
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DBRS Highlights New Asset-Level Data in Auto ABS Transactions
Independent rating agency DBRS detailed an in-depth look at new asset-level data provided within its database of publicly issued auto ABS transactions — and the risks associated with these pools — in a...
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How Captives Are Reacting to 6 Industry Trends
Dan Berce, chief executive of GM Financial, sits down for a fireside chat at the 2017 Auto Finance Summit. (Photo by William Hoffman) Captive financial companies are often at the forefront of...
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Toyota Financial Services to Offer Rideshare Rental Program
Toyota Financial Services has solicited the white-label mobility service provider Launch Mobility, to jointly create a new short-term rental program for rideshare drivers, the companies announced...
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Toyota Financial Serves Up First Euro-Denominated Green Bond
© Can Stock Photo / gina_sanders Toyota Financial Services issued its first-ever euro-denominated, unsecured green bond earlier this week, expanding the captive’s commitment to the sale of...
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6 Issues Lenders Are Tackling in Collections and Repossessions
Delinquencies and losses continue to climb across the industry, and while many lenders are pulling back their volume of originations, others turn to refining their collections and repossession...
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Toyota Financial Adds Consumer, Dealer Portals to New Loan Management System
Toyota Financial Services is “in production” with a customer-facing “self-service channel” that will give borrowers more control over their accounts and auto loans, said Gordon McGrath, the captive’s...
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Toyota Promotes 2 Executives in Risk, Treasury
Scott Cooke group vice president and chief risk officer, at Toyota Financial Services. Toyota Motor Co. announced Friday that Scott Cooke and Cindy Wang have been promoted to new positions within...
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RouteOne Debuts Online Contracting, Processes First Deal With Toyota
The dealership F&I software company RouteOne LLC says it has processed the industry’s first remotely executed auto finance contract via a deal through Toyota Financial Services. The “remote eSign...
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