From Profitability to Viability, Execs Weigh In on Subscription Services [VIDEO]

OEMs are still trying to crack the code of profitability and consumer interest in subscription services. Leading providers in the space weighed in on this relatively new method of car utilization, in a session at the 18th Annual Auto Finance Summit. Mason McLead, vice president of engineering at car-as-a-service company Fair, defined a subscription as […]
  • Monica Melton
  • November 15, 2018
  • 0

HCA, BMW Financial, Bank of America Win Excellence Awards at Summit

LAS VEGAS — Three companies were recognized for achievement in the auto finance sector during the Auto Finance Excellence Awards ceremony presented Thursday at the 2018 Auto Finance Summit. The annual celebration honors achievement by companies in the automotive lending and leasing industry. Hyundai Capital America was presented an Excellence Award for its dramatic transformation […]
  • Nicole Casperson
  • October 29, 2018
  • 0

If Vehicle Subscriptions Are the Next Big Wave, What Happens When Subscribers Stop Paying?

The rise of vehicle subscription services is being hailed as a boon for commitment-phobic Americans — millennials in particular — who want a vehicle without the burden of ownership. Yet for “thin” credit bureau files — near prime and subprime consumers — the subscription model offers more than a lifestyle upgrade, it can provide a […]
  • Brandy Bissett and Jeff Hanna
  • August 13, 2018
  • 0
X