Auto Finance News’ Post

Gaining operational efficiencies through artificial intelligence, navigating a challenging EV market and embracing the return of leasing were top themes at Auto Finance Summit East 2024 last week in Nashville. #autofinance #autoindustry https://hubs.la/Q02wg-xt0

Less than one week now until the auto finance event of the year, the 24th annual Auto Finance News Auto Finance Summit 2024, Oct. 7-9 at Wynn Las Vegas. It's not too late to register with a special discount, courtesy of the fantastic AFN folks and Driveitaway, just use the Referral Code: DRIVEITAWAY15 This is the one place where all of the automotive industry’s top finance, lending, and leasing players gather for the most comprehensive auto finance conference in the nation, including industry giants like Bank of America, Citi, Santander, Westlake Financial, and many, many more. I’m delighted and honored to be on the panel, moderated by the insightful Ash Savage, Editor of Auto Finance News, “THE RISE OF LEASING: TAPPING INTO GROWING LEASE DEMAND” with industry leaders, my old friend Peter Glenn, Founder & Co CEO of EV Life and Chris Bresnahan, Regional Sales Director with Chase Auto Finance and Subaru Motors Finance. This topic is right on point, as, although lenders backed off leasing during the unprecedented vehicle supply shortage, it's now coming back with a vengeance, as it has always served as a “safety valve” to make higher-priced vehicles more affordable for the average consumer. Given this fact, I’ll go out on a limb here and predict that within a few months, leasing numbers for some makes/models will be the highest ever recorded, as affordability is probably a bigger problem today than almost any time in the past 30 years (not to mention underwater trade-ins...). I hope to see many old friends and new ones in Las Vegas next week, to review cutting-edge content on this and all aspects of automotive finance! https://lnkd.in/eHX6tenp Thank you JJ Hornblass, Amanda Harris, James Van Bramer, Ash Savage, Alexandra Martinez, Caroline Whitaker and the entire Royal Media team for this outstanding event. #AutoFinance, #AutoLending, #AutoLeasing #MicroLease #AutoFinance #EVs #fintech #automotivefinance #vehiclemanufacturers #vehiclesubscriptions #leasing #mobility #DriveItAway $DWAY

As the automotive industry continues its digital transformation, understanding the latest trends in auto finance is crucial. Our new blog post dives into the evolving landscape of car financing, including the rise of digital solutions and strategic opportunities for dealerships in 2024. Discover how to leverage these changes for your dealership’s success. Read the full insights: https://lnkd.in/gnZ85nyt #auto #finance #digital #transformation #automotive #industry

At the recent Auto Finance Summit, Informed.IQ's Matthew Etzweiler recapped an insightful interview with Shannon Mohkiber, Head of Ford Credit North America. She discussed key trends shaping the industry in 2025, including: 🌟 Affordability solutions: Expanding used vehicle financing and flexible products like Ford Options 📊 Tech & automation: New platforms that leverage automation to better understand customer preferences, streamline processes, and optimize customer experiences 🏆 People & innovation: Emphasizing the role of people—employees and customers alike—and the exciting potential of AI to reshape the industry. Read the full recap here: https://lnkd.in/gVfnZkA7 #AutoFinanceSummit #FordCredit #InformedIQ #Innovation #AutoFinance

As the automotive market evolves, so must our finance models. Traditional finance can feel limiting for today’s consumers, who seek flexibility and simplicity in vehicle acquisition. By embracing an innovative solution like Drive Fuze's car subscription model, our industry can create accessible pathways that resonate with modern buyers. It's time to reimagine how we meet demand and drive sales growth. 📈 #Innovation #AutomotiveIndustry #SalesGrowth https://lnkd.in/gsqMFV8u

The latest figures from the FLA show that consumer car finance new business volumes grew by 1% in February 2024. Read here https://bit.ly/3xuxHmQ #consumer #consumerfinance #finance #car #financeindustry #business #motor #motorfinance #carfinance #carleasing #FLA

No surprise here, EV owners have the most negative equity and depreciation. This is a great quick read highlighting the current negative equity auto finance trend. Roll that $6k plus negative equity into a lease if you are desperate to start over with an affordable payment.

There has been a huge amount of growth in the auto finance sector in recent years, so it’s important to understand what exactly is driving this growth. Sure, one obvious reason lies in economic factors - with the rising consumer price index for used cars, auto financing has become more appealing. We’ve seen some trends come to light recently which have highlighted the sector’s resilience and adaptability. We are keeping an eye on the shifts in consumer preferences and advancements in technology, which will steer the sector to even more growth and transformation. #AutoFinance #AssetFinance

#cardealers, are you seeing quick, automated decisions from your #autofinance partners? How about speedier funding? Leaders from Hyundai Capital America, and multiple other auto lenders at Auto Finance Summit East reported high rates of automatic credit decisions giving a speedy answer to dealerships and their customers seeking to make a car deal. Hyundai Capital America CEO Marcelo Brutti, who leads the captive finance company serving Hyundai Motor Company (현대자동차), Kia Worldwide and Genesis, described the percentage of credit applications automatically approved or rejected by his company as in the "low to mid-80s," with automated decisions on prime-credit borrowers in the "high 80s." Hyundai Capital also is electronically funding "close to 40 percent" of its deals now, and the captive finance company planned to get to the "mid-50s" soon, Brutti said. Read more from Hyundai Capital America, Arivo Acceptance, Consumer Portfolio Services and FinBe USA on Automotive News: