For Toyota Pilot Programs, Focus Moves to Utilization From Ownership [VIDEO]

Toyota Finance Services has deployed several pilots in ridesharing and car rental services. The company gave specific insight into the findings from two of these pilots at this year’s Auto Finance Summit. “A variety of scenarios are going to coexist in the future, it’s between personally owned and shared, and autonomous vehicles and driver-driven,” Sabreen […]

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 […]

Toyota Seeks Personalization, Transparency With New Lexus Bundled Lease

LAS VEGAS — Personalization and transparency are top priorities in Toyota Finance Services‘ Lexus Complete Lease program, slated to launch in the first quarter of 2019. The program is one of nearly half a dozen pilot programs the OEM has launched, including Flexible Lease through Uber, Car Sharing pilot in partnership with Get Around, and short-term lease pilot […]

Used-Car Values: How Lenders Manage Unexpected Appreciation

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 was gaining strength. Since then, lenders have taken their foot off the gas, the economy has stabilized, and lenders have operated business as usual — while used-car values […]

Captives at ABS East Confident in Used-Vehicle Values

MIAMI — Captives are confident that the used-car market will remain stable despite the uptick in consumer demand toward SUVs and trucks, panelist discussed during ABS East 2018 on Monday. “We don’t expect any crash,” Stefan Glebke, president of BMW US Captial, said during the panel, noting that the captive ensures supply is there as […]

Credit Unions Flourish as Interest Rates Rise, Auto Count Data Shows

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 Finance News’ analysis of Experian’s July AutoCount data. Namely, Security Service Federal Credit Union grew its Texas loan originations by 69% year over year to […]

5 Uses for Blockchain in Auto Finance

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 supplant the current state of the internet as we know it. The reality for auto lenders is that the technology is still experimental, requiring further development before […]

New Toyota Financial CIO Prepares for Future of Mobility Services

Toyota Financial Services’ newly appointed Group Vice President and Chief Information Officer Vipin Gupta seeks to usher in a future of mobility services to the captive, he told Auto Finance News. He said TFS will drive innovation by focusing on three strategic objectives: agility, digital experiences, and using data and analytics to deliver new services. […]
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