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One year after App Store debut, Fair growth accelerates
Wednesday, Sep. 5, 2018, 04:35 PM
Joe Overby, Senior Editor
Exactly one year ago, Fair made its debut in the Apple App Store. Flash forward to Wednesday, the used-vehicle subscription company announced it has seen 40 percent month-over-month customer growth for the last two quarters, while also noting a few ... [Read More]
BillingTree survey reinforces mobile as path to customer retention
Wednesday, Sep. 5, 2018, 03:57 PM
Auto Finance Journal Staff
Of course, auto finance companies want their customers to send payments as dictated by the agreement finalized at delivery. But the latest survey from BillingTree showed that providers realize how they can help their contract holders maintain monthly commitments is ... [Read More]
Ally departs RV and transportation equipment finance businesses
Wednesday, Aug. 29, 2018, 03:33 PM
Auto Finance Journal Staff
Rather than further diversify its portfolio, Ally Financial announced on Wednesday that it will condense its sphere. In an effort to leverage its strengths, better optimize capital allocation and provide even more focused dealer support, Ally said it is taking ... [Read More]
Shift in F&I presentation could pay dividends
Wednesday, Aug. 22, 2018, 07:38 PM
Joe Overby, Staff Writer
Sometimes, making a move to the “closer” position pays off. Like in 2002, when ace pitcher and 2015 Hall of Fame inductee John Smoltz promptly posted 55 saves, a National League record, during his first full year as closer for the ... [Read More]
TransUnion expands suite to accommodate mobile auto-finance activity
Wednesday, Aug. 22, 2018, 03:48 PM
Auto Finance Journal Staff
TransUnion is leveraging a relationship with one of its strategic partners to cater to consumers who expect results — like the availability of auto financing — to appear within a few swipes on a smartphone. To meet the evolving needs ... [Read More]
Every dollar of online fraud costs companies nearly $3
Monday, Aug. 20, 2018, 03:43 PM
Auto Finance Journal Staff
While the auto finance industry certainly is taking steps to reduce its exposure, the latest analysis from LexisNexis Risk Solutions showed how much rampant fraud still is happening in the greater retail sector. In fact, findings from its comprehensive "2018 ... [Read More]
J.D. Power study proves people still matter in auto financing
Wednesday, Aug. 15, 2018, 01:37 PM
Auto Finance Journal Staff
As much as iPads, artificial intelligence and consistently updated software proliferate auto financing, the J.D. Power 2018 U.S. Dealer Financing Satisfaction Study released this week maintained just how important people remain. J.D. Power found that dealers are leaning heavily on ... [Read More]
Wholesale trend: Vehicles with titles nearly two times more likely to sell
Monday, Aug. 13, 2018, 03:26 PM
Auto Finance Journal Staff
When finance companies need to send collateral to the wholesale market, Cox Automotive data shows how much better the sales processes unfolds if the vehicle title is available. The company research indicated vehicles holding a title are nearly two times ... [Read More]
Equifax elevates Reid to VP position
Monday, Aug. 13, 2018, 03:23 PM
Auto Finance Journal Staff
Equifax gave a new executive position to one of the first honorees of Auto Remarketing’s 40 Under 40. The credit bureau named Jennifer Reid as its vice president — automotive marketing and strategy lead – U.S. information solutions (USIS). In ... [Read More]
Ally adds 2 new board members
Tuesday, Aug. 7, 2018, 02:41 PM
Auto Finance Journal Staff
Ally Financial is diversifying the industry backgrounds of its board members. Ally announced that Brian Sharples and Trynka Shineman have been appointed to its board of directors, effective last Friday. The company highlighted the two executives have deep experience with ... [Read More]
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