Aug 14, 2018
Giacomo Carelli, CEO of FCA bank is set to reveal his organisation’s plans to implement advanced solutions to soothing a critical pain point for all retail auto finance providers and their customers. He will explain how FCA Bank is planning to manage the transition from online research to the offline experience in the dealership (bridging the O2O divide). Research conducted by AdTaxi in March 2018 shows that at present 86% of car buyers start their buying journey with online research. Yet even in Germany the country with the highest levels of finance deals completed online – the digital channel still only accounts for 20% of finance transactions. Most customers still end up buying their finance offline in the dealership (73% in US; 63% in the UK and 44% in Germany).
Sep 07, 2018
Automotive loan amounts and monthly payments continue to reach new highs, while delinquency rates are improving, according to analysis from Experian. Outstanding loan balances hit a record high but experienced slowing growth, reaching $1.149 trillion in Q2 2018, up from $1.027 trillion in Q2 2017. Leases decreased slightly year-over-year, from 30.83% in Q2 2017 to 30.41% in Q2 2018 The consultancy’s State of the Automotive Finance Market report shows the percentage of 30-day delinquencies dropped to 2.11% from 2.2% a year ago, while 60-day delinquencies dropped to 0.64% from 0.67% over the same time period.
Aug 29, 2018
Renault has hosted the world premiere of its new Arkana global crossover model at the Moscow Motor Show. The C-segment SUV will go on sale in Russia in 2019 and will then be rolled out to key markets globally, focusing on Asia. There are currently no plans to bring it to Europe.