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 confirmed the OEM plans to shut down the service by yearend, the Wall Street Journal reported. However, there is still a chance that […]

Auto Finance Feels the Pressure of Fed’s Rate Hikes

Major automakers are reporting declines for U.S. sales as signs of tightening credit conditions are adding pressure to financing options for consumers.  Ford, Toyota, Nissan, and Honda all reported sales declines in September of 11.2%, 10.4%, 12.2%, and 7%, respectively. Though Hyundai sales rose 0.6%, sibling brand Kia was down 1.8%, according to sales reports. […]

NMAC to Offer Subscription Service if Demand Persists, President Says

Nissan Motor Acceptance Corp. has plans in the works to offer consumers a subscription service if that’s where the market continues to shift, company President Kevin Cullum told Auto Finance News. The captive is looking into several options to support the market demands toward the subscription space. Although he said the subscription model is more […]

What Hyundai and Startup Carma Learned About Car Subscriptions

Car subscriptions have been one of the hottest auto trends of 2018 so far. Less than 100 days into the year, BMW, Mercedes-Benz, Toyota Motor’s Lexus brand, and a host of startups have all launched services or said they intend to. The subscription trend began in January 2017 when Cadillac piloted Book by Cadillac in New […]

Hyundai Capital Adds Business-Focused Mobility Services

Hyundai Capital, the financing arm of Hyundai Motor Group, has added a car-sharing service in South Korea to its growing portfolio of mobility offerings. The new service, called “Deal Car” or “Delivery Car” started a beta program in early September with a goal of pursuing “shared growth” with small and medium-sized business, the company said in […]

An F&I Revolution is Coming [SPONSORED]

Can you remember the last time you walked into a fast food restaurant and they filled your drink order? It was a short few years ago when the restaurants started handing you a cup and you dispensed the ice and your drink of choice.  The shift happened as consumers demanded a better, quicker experience.  Now, […]

AutoGravity Expands to 46 States, Partners with Captives

The California-based digital car buying company AutoGravity announced today that it’s now available in 46 states across the country. There are at least four lending partners available in each state where the platform is offered, the company told Auto Finance News. “You can expect multiple captive lenders and we’ll be making announcements about them over […]

Hyundai Launches End-to-End Digital Car Buying Portal

Hyundai Motor Co. is launching its own direct-to-consumer fully-digital car buying, financing, and home delivery portal in the UK, the company announced in a press release. Starting January 6, consumers across the pond will be able to buy a vehicle in cash, trade in an old car, and have it delivered to their home without […]
Page 1 of 3123