Monday, August 13, 2018 - 11:49am

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 more likely to sell off auction lots on the first pass than... Read More

Monday, August 13, 2018 - 11:45am

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 this role, Reid will be responsible for the development of... Read More

Tuesday, August 7, 2018 - 12:15pm

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 global digital companies and will bring... Read More

Tuesday, August 7, 2018 - 12:13pm

Auto Finance Journal Staff

Toyota Financial Services didn’t look far for a replacement when one of the captive’s top leaders revealed his plan for retirement. This week, TFS announced that Mike Groff, the company’s president and chief executive officer, member of the company’s board of directors, and chief executive... Read More

Monday, August 6, 2018 - 11:16am

Auto Finance Journal Staff

More than 100,000 credit union members now could have a clear path to financing a vehicle purchase if they use online retailer Carvana. Firstmark Credit Union — founded in 1932 by 10 teachers within the San Antonio Independent School District — recently partnered with Carvana. Members now have access to a... Read More

Monday, August 6, 2018 - 11:15am

Auto Finance Journal Staff

Soon college students will be returning to campuses nationwide for the start of the fall semester. Triggered by four primary reasons, Swapalease.com is providing students with a practical alternative to buying a vehicle that fits their needs, without tacking on crippling debt. Swapalease can allow students to take over... Read More

Wednesday, August 1, 2018 - 11:26am

Nick Zulovich, Senior Editor

Two leading financial regulatory bodies — the U.S. Department of the Treasury and the Office of the Comptroller of the Currency — each took steps to involve themselves in the fintech space. On Tuesday, the Treasury Department released a report identifying improvements to the regulatory landscape that... Read More

Tuesday, July 31, 2018 - 11:41am

Auto Finance Journal Staff

Experian Automotive previously reported that monthly payments for new-vehicle retail installment contracts originated during the first quarter reached a record high at $523. The monthly payment for a used model approached $400 with analysts pinpointing it at $372. On Tuesday, Ally Financial released results of a poll... Read More