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New Toyota Financial CIO Prepares for Future of Mobility Services
Vipin Gupta, Group Vice President and Chief Information Officer, Toyota Financial Services Toyota Financial Services’ newly appointed Group Vice President and Chief Information Officer Vipin Gupta...
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5 Uses for Blockchain in Auto Finance
© Can Stock Photo / mtmmarek The hype around blockchain ranges from technology that serves as a convenient and more secure way to transact funds, to a revolutionary invention that’s going to remake and...
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Credit Unions Flourish as Interest Rates Rise, Auto Count Data Shows
© Can Stock Photo / karenr Credit unions are taking advantage of the rising interest rate environment as some have grown loan volumes in their state by more than 50% year over year, according to Auto...
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Captives at ABS East Confident in Used-Vehicle Values
(L-R): Angela Ulum, partner, Mayer Brown LLP; Stefan Glebke, president, BMW US Capital; Jamie Feehely, managing director securitization, National Bank; Steve Hetrick, treasurer, NMAC; Amy Sze,...
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Used-Car Values: How Lenders Manage Unexpected Appreciation
© Can Stock Photo / tuk69tuk Roughly two years ago, the automotive market and the economy were heading for a peak year where lenders were aggressive, competition was stiff, and the economic environment...
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Toyota Seeks Personalization, Transparency With New Lexus Bundled Lease
Courtesy of Kaboompics LAS VEGAS — Personalization and transparency are top priorities in Toyota Finance Services‘ Lexus Complete Lease program, slated to launch in the first...
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General Motors to Shut Down Cadillac Subscription Service by Yearend
General Motors Co. is reportedly hitting the pause button on its vehicle-subscription service, Book by Cadillac after launching nearly two years ago in Los Angeles, Dallas, and New York. A GM spokesman...
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For Toyota Pilot Programs, Focus Moves to Utilization From Ownership [VIDEO]
Courtesy of Pexels Toyota Finance Services has deployed several pilots in ridesharing and car rental services. The company gave specific insight into the findings from two of...
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Catching the Wave: The Impact of Direct Lending on Auto Finance
© Can Stock Photo / Feverpitched The wave of direct lending is starting to swell, and lenders are working to initiate their programs before it crests. “[Direct lending] is still small for us, and we’re...
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Reinventing Loyalty: 4 Companies Transforming the Customer Experience
The December 2018 issue of Auto Finance News is now available. From the December issue: Customer experience is seen as the key to attracting and retaining consumers in an increasingly digital world....
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2019 Survival Guide: How Lenders Are Planning for the Year Ahead
The January 2019 issue of Auto Finance News is now available. From the January issue: 2018 was a strong year for auto finance as delinquency rates dropped, the economy grew, and consumer demand...
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Auto Finance News’ 4 People to Watch in 2019
© Can Stock Photo / AndreyPopov A number of auto manufacturers, finance operations, and government bodies have new people at the helm, ready to leave their marks. The following are AFN editors’ picks...
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Dealers Negotiate Lease Prices in New Lexus Program
Toyota Financial Services is piloting its Lexus Complete Lease program with 80 dealerships in seven states, though the timing for a national rollout is still undecided, Joanna Dean, general manager...
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Leasing’s New Look: Financiers Give Lease Options a Makeover
From the February issue: With new-car purchases lagging and used-values increasing, captives and OEMs are reimagining lease products to keep their customer bases growing. Roughly a decade ago, 1.4...
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Toyota Financial Boosts Ride-Sharing Investments With Startup Faxi
Toyota Financial Services is encouraging carpooling with its latest investment. The captive bought a majority stake this week in London-based ride-sharing startup Faxi to engage in new mobility...
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Outstandings Hit Record Despite Slowing Growth, New Big Wheels Report Shows
The auto finance market eked out 2.1% growth in 2018, as loan and lease outstandings hit an all-time high of $1.16 trillion, according to the newly released Big Wheels Auto Finance Data 2019. Big...
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Toyota Financial Fosters Digital-Savvy Workforce With Internal Program
Toyota Financial Services has launched an internal digital learning program for its employees and business partners called TFS Digital Academy, Auto Finance News has learned. TFS Digital Academy will...
View ArticleAuto ABS Volume Closes In on $60B
Year-to-date auto securitization volume hit $57.8 billion at the end of April, with prime loan issuance accounting for the lion’s share of transactions, according to research released today by Deutsche...
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Perfecting the Formula: Why Lenders Need to Harness the Power of Social Media
From June's issue: Since the rise of Facebook, Twitter, and Instagram, consumers are increasingly turning to social media to view content, interact with each other, and communicate with the companies...
View ArticleUsed-car marketplace raises $13M in Series A funding
The online used-car marketplace is heating up in the U.K. as one London-based startup secured $13.9 million in Series A funding this week. The round was led by hedge fund Marchmont Ventures and...
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