This week, White Clarke Group highlighted that one of its tools is being leveraged by Toyota and Lexus Financial Services throughout the United Kingdom. The captives launched the new NGage system nationwide for instant, seamless and transparent customer finance quotations and agreements. White Clarke said that Toyota and Lexus dealers across the U.K. are making the […] [Read More]

Demand for luxury models didn’t impact lease-transfer applications in December as much as the analyst team at Swapalease.com typically sees during the closing month of a year. Swapalease.com on Wednesday reported vehicle-lease credit applicants registered a 62.0 percent approval rate for December. The reading decreased slightly from November’s rate of 67.5 percent. Site analysts explained […] [Read More]

Consumers likely are not just shopping for their next vehicle with their mobile device. They’re probably going to be making installment contract payments with those devices, too, if they’re not doing so already. The Federal Reserve Bank of Boston recently released results of an elaborate study with multiple Federal Reserve Banks and other financial institutions […] [Read More]

Many individuals make a New Year’s resolution to broaden their knowledge base. For industry professionals who made that kind of commitment, especially ones who are involved or are interested in auto finance, the first episode of the Auto Remarketing Podcast of 2018 is geared for you. Before the holidays, Nick had a conversation with Hudson […] [Read More]

The willingness of the car shopper to buy a vehicle entirely online is starting to grow, including the often complicated financing piece of the transaction. According to survey data from Chase Auto Finance, 47 percent of Americans said they’d be willing to take care of the entire car-buying process online.  The survey referenced above was […] [Read More]

Online used-car marketplace Instamotor said Tuesday that financing is now available through its platform. Instamotor is working with direct-to-consumer auto finance companies to secure the financing for its customers, who now will be able to buy a vehicle and apply for/receive financing for the purchase through the same platform, the company said. “We want to […] [Read More]

Fast-food restaurants and gas stations often are open 24 hours a day. Darwin Automotive is aiming to provide a way that dealerships’ F&I offices can enjoy the same kind of availability. F&I software provider Darwin Automotive recently released what the company dubbed Darwin Online, a patented digital retailing application that’s designed to enable dealerships worldwide […] [Read More]

Ally Financial announced Tuesday that it has appointed Josh Wilsusen to head the company's Washington office as its new managing director for public policy and government affairs. Wilsusen most recently served as executive director of government relations at Morgan Stanley where he represented the company both on Capitol Hill and at federal banking agencies regarding securities […] [Read More]

After bottoming out in September, Swapalease.com noticed a rebound in vehicle lease transfer approvals in October. The site reported that vehicle lease credit applicants registered a 55.6 percent approval rate for October. The lease credit approval rate improved over previous month’s rate of just 47.6 percent, which represented the lowest percentage of approval so far […] [Read More]

The upcoming Auto Captives Summit will focus on the emerging digital models for selling auto finance as well as real world examples for success in the transforming digital world of automotive finance. The 3rd annual summit — titled “Think Bigger” — is scheduled for Jan. 25 at the London Shard. Many will also be attending the International […] [Read More]