Daimler Sees Financing Uptick in China, but Declines in the Americas

  • Emma Sandler
  • October 20, 2017
Daimler Financial Services reported a decrease in leasing and loan contracts in the Americas, but saw a “significant” increase in China — in addition to growth in its mobility services sector, according to the company’s third-quarter earnings released today. Last Updated: 20th October, 2017, 12:10 PM

Canadian Digital Platform Launches U.S. Version

  • Natalie Mattila
  • October 20, 2017
USA Drives, the U.S. division of auto loan platform Canada Drives, is already seeing a quick consumer and dealer adoption rate one month after launching, founder and co-Chief Executive Cody Green told Auto Finance News. Vancouver-based Canada Drives launched in 2010 and works with dealer partners’ existing lenders to secure indirect financing or personal loans for the vehicle they […]

Daimler AG Pushes for Mobility With Corporate Overhaul

  • Emma Sandler
  • October 17, 2017
Daimler AG provided more insight into plans for its largest corporate overhaul in a decade, giving more independence to Mercedes-Benz Cars & Vans, Daimler Trucks & Buses, and the existing legally independent Daimler Financial Services AG, the company said Monday in a statement. Last Updated: 17th October, 2017, 11:51 AM

Fair Aims to Transform Car Ownership [VIDEO]

  • Natalie Mattila
  • October 13, 2017
Used-car leasing app Fair launched last month, which the founders are calling an “iTunes account for your car” offering an all-in-one monthly payment model. And just a few weeks ago, the startup released a demo video showcasing its innovative business model. In short, Fair is buying used cars from dealerships and charging consumers to drive that vehicle […]

Porsche Launches Luxury Subscription Service

  • Emma Sandler
  • October 11, 2017
Porsche Cars North America Inc. debuted Porsche Passport, a new sports car and SUV month-to-month subscription program, adding to a growing list of luxury automakers entering the subscription space. The new program allows subscribers to frequently exchange vehicles or keep them for as long as they like. The service includes unlimited mileage and on-demand access to […]
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