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The all-star of Ally Financial: Doug Timmerman, Auto Finance Executive of the...
Auto Finance News' inaugural Executive of the Year 2019 Earlier this year, Ally Financial’s illuminated purple logos and iridescent lights bathed the National Automobile Dealers Association showroom...
View ArticleSantander, TFS execs to discuss payment trends at Auto Finance Innovation Summit
Two distinguished executives from Santander Consumer USA and Toyota Financial Services are set to discuss new payment technologies during a March 10 panel discussion at the 5th annual Auto Finance...
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An inside look at Mazda Financial Services
Karen Ideno, GVP, Mazda Financial Services With more than a decade at the helm of sales and marketing initiatives at Toyota Financial Services, Group Vice President Karen Ideno has been instrumental in...
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5 questions with Vipin Gupta of Toyota Financial
Vipin Gupta, Chief Information Officer, Toyota Financial Services Before catching Toyota Financial Services Chief Information Officer Vipin Gupta at his fireside chat during the Auto Finance Innovation...
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Bank of America, Gateway Financial, HCA, TFS address consumer affordability...
LAS VEGAS — An anticipated slowdown in sales and an increase in the average transaction price for new vehicles are spurring lenders to address the "affordability issue," facing the industry, four...
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Ford, Toyota, Cap One inject $4.6B into ABS market
Auto asset-backed securities volume is growing this year, with volumes outpacing last February’s levels to reach $22 billion, a near 60% increase compared with the prior-year period, according to JP...
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TFS expands service with new dealer hubs
Toyota Financial Services is creating three “giant” dealer service centers across the U.S. as the captive aims to support its dealer network around the clock, company President and Chief Executive...
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Toyota Financial gears up digital customization for Mazda
SAN DIEGO — While Toyota Financial Services preps for the April 1 launch of its Mazda Financial Services business, the captive is “redesigning architecture” to be a multi-tenant company, said Chief...
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Auto lenders avoid significant layoffs in Texas
Most auto lenders with major operations in Texas have not yet reported significant layoffs in response to the downturn spurred by the novel coronavirus, according to the Texas Workforce Commission....
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COVID-19: Auto finance faces the global pandemic [FEATURE]
Editor's note: This article first appeared in the April edition of the magazine, available now. After a decade of exponential growth in the automotive market, the industry is at a standstill as it...
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Top 3 states exposed to credit losses
Auto lenders with the highest volume of loans outstanding in California, Texas and Florida are the most exposed to future increased credit losses resulting from the COVID-19 crisis, according to a...
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Prime issuers inject $3.6B into ABS market
The auto asset-backed securities market has seen a revival in the last week after nearly a month of no new issuances, according to presale reports released by S&P Global and Moody’s Investors...
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Toyota Financial holds cash in excess of funding needs
Toyota Financial Services’ funding sources mirror that of its OEM’s product mix, providing “more resilient free cash flow,” according to Fitch Ratings. In fact, TFS, the nation’s largest auto lender...
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Can auto ABS weather the pandemic?
In the past few weeks, six auto lenders have jump-started the securitization market after a nearly one-month hiatus. CarMax Auto Finance, GM Financial, Hyundai Capital America, Nissan Motor Acceptance...
View ArticleMazda Financial Services partners with defi SOLUTIONS
defi SOLUTIONS is pleased to announce the end-to-end solution go-live for the private label Mazda Financial Services (MFS) business delivered through Toyota Motor Credit Corporation. This solution...
View ArticleBig Wheels: Outstandings hit record $1.2T despite slowdown
The auto finance market eked out 4.6% in growth in 2019, as loan and lease outstandings hit an all-time high of $1.2 trillion, buoyed by a strong economy, solid lending metrics and innovation...
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Electric vehicles: how captives are protecting their OEM’s investments [Feature]
During Super Bowl Sunday, 102 million consumers across the country tuned in as Audi AG, General Motors, Ford Motors and Porsche AG spent millions of dollars to produce flashy commercials touting their...
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Mazda Financial Services: Creating a digitally conscious captive [Spotlight]
Automotive OEMs are seeking new ways to meet an escalation in consumer expectations for a seamless and enhanced online car-buying experience as COVID-19 cases continue to rise. Mazda Financial...
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Mazda Financial’s Pete Carey joins AFS executive panel
Mazda Financial Services President Pete Carey The Auto Finance Summit is pleased to welcome Pete Carey, president of Mazda Financial Services and vice president at Toyota Financial Services, to the...
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Auto ABS: A look at the industry’s golden goose [Feature]
The auto asset-backed securities market has long been known for its resiliency. During the credit crisis, securitized pools of auto loans posted a strong performance, largely because consumers need...
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