Media Information 2016 Contact: Rebecca Darakhshan | [email protected] | 678.775.3566 the NEWS THAT DRIVES the INDUSTRY
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THE NEWS THAT DRIVES THE INDUSTRY Media Information 2016 Contact: Rebecca Darakhshan | [email protected] | 678.775.3566 THE NEWS THAT DRIVES THE INDUSTRY Auto Finance News, published by Royal Media (www.royalmedia.com), has been the leading supplier of cutting-edge industry news since 1996. With a focus on unique content and premium demographics, Auto Finance News gets you in front of your prospects, across multiple platforms. see page Published monthly, Auto Finance News is a must read for industry professionals looking to stay on top of current industry news and trends. Each issue offers unique content on industry newsmakers, capital markets, compliance, risk management and much more. see page The online home of Auto Finance News and where the industry goes to find out what’s happening now in automotive lending and leasing. see page DAILY ALERT The Daily Alert gives subscribers immediate access to the breaking news and articles leanders need to remain informed. Events (www.AutoFinanceSummit.com) The Summit is the premier industry event that brings together the entire spectrum of auto lenders and lessors. Featuring a speaker faculty of hand-selected, top-notch speakers and a diverse agenda, the Summit is the can’t miss event of the year for anyone involved in auto lending and leasing. The 2015 Auto Finance Summit is scheduled for October 21-23 at the Wynn Las Vegas, NV. Auto Finance Risk & Compliance Summit (www.afrcs.com) The leading conference for auto finance risk and compliance management professionals. The event offers an unparalleled forum for lenders to discuss techniques and trends with their peers and colleagues. The Risk & Compliance Summit gives auto finance industry professionals a dedicated, full-length forum for sharing insights, best practices and practical intelligence on regulatory compli- ance and risk management matters of import to lending companies and practitioners alike. The 2016 Auto Finance Risk and Compliance Summit is scheduled for May 9-10 at the Omni Fort Worth in Fort Worth, TX. PowerSports (www.PowerSportsFinance.com) Powersports Finance 2015 will offer industry professionals the first dedicated full-length forum to share insights, best practices, and practical intelligence on matters of import to lenders of motorcycles, jet skis, RVs, and other specialty vehicles. The 2015 event will be held October 21st in conjunction with the Auto Finance Summit Media Information 2016 Contact: Rebecca Darakhshan | 678.775.3566 | [email protected] 2 THE NEWS THAT DRIVES THE INDUSTRY • MAY 2015 • VOL. 18, NO. 8 WWW.AUTOFINANCENEWS.NET THE NEWS THAT DRIVES THE INDUSTRY WHAT THEY WANT?DO Keeps me abreast of things going on in Magazine Advertising Opportunities LENDERS LOOK FOR NEW WAYS TO WOO MILLENNIALS Page 4 the industry on multiple subjects as well NEWSMAKERS Auto Finance News is the definitive information source on automotive lending and leasing. Continued from page 6 financial services executives last month for a roundtable performing TFS GOES GREEN TRUECAR FILES FOR IPO, DISCLOSES discussion with editors of the New Hampshire Business Review. and whether Toyota Financial Services (www.toyotafinancial.com) offered the original “In 2013, we shattered our record for auto lending, and so far, PLANS FOR LENDING TOOLS the first-ever “green bonds” for the auto industry. Green bonds offers could 2014 is 20% over where we were in 2013,” McGeorge said, Online auto-shopping service TrueCar Inc. filed for an initial are securities whose proceeds are used for projects that have been more according to a published transcript of the event. “The public offering on April 3. promote environmental causes. A number of banks, including competitive. Published monthly, Auto Finance News reaches over 6,500 readers per month*. Citibank, have issued green bonds before, but never in the beginning of last year, we had huge snowstorms weekend after It also provides The company, which focuses on new-car transactions, intends weekend after weekend, but the evidence on autos suggests auto finance industry. detailed to market its stock on the Nasdaq under the symbol “TRUE.” that there is this pent-up demand from consumers from years as with competitors. Toyota’s $1.75 billion green information The company is looking to raise $125 million in the offering. and years of them just not buying cars. That trend is not going bond offering — which about customer No IPO date had been set by press time. to abate in 2014 and beyond.” was increased from APR, amount A detail of Equifax’s new Lost Sales Analysis tool. The company’s website, TrueCar.com, lets visitors view the $1.25 billion due to strong Aside from strong vehicle demand, rising interest rates will financed, and average selling price of a new car, its sticker price, TrueCar’s investor demand — was likely bolster the sector. “It seems like rates are finally going to loan type, among other data points, as well as performance estimation of a “good price,” and prices other dealers in the Compliance – 8 underwritten by Citigroup start rising, maybe not within the next week, but by the time metrics like delinquencies and repossessions. TrueCar network are listing. Political pushback grows (www.citigroup.com). The rarest of Toyota’s green machines, we get to the end of 2014, and especially by the time we get the Rav4 EV is based on the previous- Equifax (www.equifax.com) is marketing the tool as an The company is also developing new finance tools called Proceeds will be used to into 2015,” he said. “We’ll see a move off of these record low generation vehicle and built in “affordable solution” for smaller lenders, said Automotive against the CFPB TrueLoan and TrueLease. The intent of the tools is to provide interest rates, and that helps financial institutions.” — Robert Galbo,VP of Finance, finance the purchase of collaboration with Tesla. Finance Leader Lou Loquasto. users with a more convenient way to finance their cars at high-efficiency vehicles — All of Toyota’s green vehicles will Portsmouth, N.H.-based Service Credit Union TrueCar certified dealers, according to the S-1. any of the four Prius benefit from the bond offering. (www.servicecu.org) has about $1 billion of auto AFS ACCEPTANCE INSTALLS DEFI LOS Newsmakers – 10 TrueCar generated revenues of $134 million in 2013 and variants, Camry Hybrid, loans outstanding. AFS Acceptance LLC has replaced its Banks drop marketshare recorded a net loss of $25.1 million. Of that $134 million, Avalon Hybrid, RAV4 EV, Lexus CT 200h and Lexus ES 300h loan-origination system with one EQUIFAX DEVELOPS TOOL TO TRACK 89% consisted of transaction revenues, with the remaining — according to published reports. developed by Defi Solutions. to pull back from risk Sonic Automotive 11% derived primarily from the sale of data and consulting LOANS LOST TO OTHER LENDERS SERVICE CU PREDICTS BRIGHT “It was primarily the flexibility and control services to the automotive and financial services industries. OUTLOOK FOR AUTO Data provider Equifax has designed a tool to help lenders we’ll have that led us to our decision to The company said transaction revenues primarily consist of track approved loan applications that were ultimately funded choose Defi Solutions,” saidScot Seagrave, Auto lending is a “huge part” of Service Credit Union’s fees paid to it by the company’s network of certified dealers by the competition. The product, dubbed Equifax Lost Sales president of Fort Lauderdale, Fla-based AFS Will rewarding goodRisk behavior – 16 business, and Chief Financial OfficerAndrew McGeorge’s under its pay-for-performance business model. Analysis and developed with IHS Automotive (www.ihs.com), (www.afsacceptance.com), in a statement. pay off for startup lender Ascend? outlook for the sector is bright. 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