Articles by: Larissa Padden

Auto Industry Could ‘Get Scary’ if Coming Off-Lease Supply Isn’t Managed

Auto Industry Could ‘Get Scary’ if Coming Off-Lease Supply Isn’t Managed

The party can’t last forever, Joseph Derkos, director, consulting & analytics, Power Information Network (PIN) said at the Standard & Poor’s Auto Industry Hot Topics conference earlier this month. Derkos was referring to the continued growth and recovery the auto industry has experienced since the recession. The seasonally adjusted annualRead More

‘Drive the Innovation, or be Driven Out,’ Exeter CEO Tells AFS Attendees

‘Drive the Innovation, or be Driven Out,’ Exeter CEO Tells AFS Attendees

LAS VEGAS — The auto finance industry is changing. It’s just a matter of how fast, Exeter Finance Corp. Chief Executive Tom Anderson said in his keynote address at the Auto Finance Summit 2015 yesterday. The auto finance industry is an integral part of the economy. It employs millions andRead More

F&I Lessons From Luxury Captives

F&I Lessons From Luxury Captives

Customer service counts, no matter where you fall on the credit spectrum. However, it’s no secret that luxury customers expect first-class treatment when shopping for a car, and consumers expect that same treatment from captive finance company Mercedes-Benz Financial Services USA, according to Vice President Brian Fulton. “From a luxuryRead More

CREDIT: Subprime Inches Up as Delinquencies Remain ‘Under Control’

CREDIT: Subprime Inches Up as Delinquencies Remain ‘Under Control’

Auto loan delinquencies are “under control,” despite a continued rise in subprime lending, while recent concern about a so-called subprime “bubble” slowly deflates. That’s the upshot of auto finance credit performance today, analysts said. Subprime Continues to Rise Subprime or nonprime loans, as a percent of all lending, are atRead More

Lesson From BMW’s E-Car Sharing Initiative

Lesson From BMW’s E-Car Sharing Initiative

BMW is making inroads in the millennial market. BMW Financial Services, not so much. How to grab the attention of the Millennial generation has long been a question for auto lenders and manufactures. BMW, the OEM, is hoping that DriveNow, the company’s car share program currently available in San Francisco,Read More

Less Paperwork Boosts Efficiency & Strengthens Dealer Relations

Less Paperwork Boosts Efficiency & Strengthens Dealer Relations

Save a tree — use less paper. Cutting down on paperwork can also save a headache, and grow your business. Ent Federal Credit Union, a small community credit union serving Southern Colorado, had a banner year last year, according to William Vogeney, executive vice president and chief lending officer, who estimatesRead More

A Wealth of Data Is Key to Improving Risk Management

A Wealth of Data Is Key to Improving Risk Management

What’s needed to stay innovative in auto finance risk management today? Data, data, and more data, according to Preston Cecil, vice president of risk management at Innovate Auto Finance in Fort Worth, Texas. Cecil spoke about how to not only use existing data, but also find new data, during yesterday’s CenterRead More