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Tag Archives: lenders

Lenders act quickly to aid dealers, customers

The U.S. is galloping toward a recession spurred by the coronavirus outbreak. But this time, dealers say automaker and captive lender partners have responded to the financial crisis much quicker than they did to the last one. Dealer impact from the pandemic, according to auto finance experts, appears to be …

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EV residual values concern lenders

There are an estimated 46 new electric vehicles slated for production in the next three model years, according to Cox Automotive. While that number will be celebrated in some corners, it is generating concern among auto lenders that worry about residual values and incurring big losses similar to what happened …

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Originations soar at nation’s top auto lenders

The nation’s largest auto lenders capped off 2019 with strong origination growth amid shrinking new-vehicle sales. Ford Motor Co.’s lending arm posted its best results in nine years, while Santander Consumer Holdings USA set record-high auto originations for the year. Originations slid for General Motors, meanwhile, as a result of …

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Consumers to lenders: Focus on security before the pitch

Satisfied with the ability to verify legitimate customers, lenders are investing in targeted marketing to entice more consumers. Those consumers, however, aren’t confident in the way lenders authenticate them online, and are less open to receiving those marketing messages as a result. Auto lenders, particularly those that offer multiple consumer …

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