Why auto finance providers can learn innovation lessons from Walt Disney

Companies can have dramatic results on the shape of their business and even the industry by reaching outside their businesses and importing innovators. That is the message from Liberty Mawhood, chief operating officer for tech investor L Marks, an innovation agency that helps large or established organisations to work with early stage businesses and start-ups to develop new products and ideas. She cites the example of Walt Disney, who looked outside the business during the development of Fantasia in the 1930s for help in producing better cinema sound.

Why auto finance providers can learn innovation lessons from Walt Disney

May 17, 2017

Companies can have dramatic results on the shape of their business and even the industry by reaching outside their businesses and importing innovators. That is the message from Liberty Mawhood, chief operating officer for tech investor L Marks, an innovation agency that helps large or established organisations to work with early stage businesses and start-ups to develop new products and ideas. She cites the example of Walt Disney, who looked outside the business during the development of Fantasia in the 1930s for help in producing better cinema sound.

Which countries are driving Auto and Equipment Finance growth in the Asia Pacific region?

Analysis of the Asia Pacific region in a new report has revealed the countries which offer the greatest potential for future growth in the auto and equipment finance industry. The White Clarke Group Asia Pacific Auto and Equipment Finance Survey shows widely differing outlooks for individual countries.

Which countries are driving Auto and Equipment Finance growth in the Asia Pacific region?

May 15, 2017

Analysis of the Asia Pacific region in a new report has revealed the countries which offer the greatest potential for future growth in the auto and equipment finance industry. The White Clarke Group Asia Pacific Auto and Equipment Finance Survey shows widely differing outlooks for individual countries.

 

EMEA

United Kingdom Asset & Auto Finance Country Survey 2017

Mar 30, 2017

   AVAILABLE NOW, FREE OF CHARGE The asset finance market continued to grow in 2016, in spite of fears of what might happen in the aftermath of the vote to leave the EU and shows little sign of slowing. There are genuine concerns about the potential effects of Brexit, even though the UK won’t be exiting the EU until 2019. Tariff and barrier-free trade is critical to the future UK automotive production post Brexit as the majority of components used in UK-built vehicles come from Europe. Concerns expressed in the industry include the potential impact of Brexit on interest rates, currency exchange rates and the effect this could have on pricing and inflation.  Auto finance deals are expected to remain very competitive. Dealers need to ensure customers understand the benefits of finance. Keeping up with developments in finance technology is paramount.   INCLUDES LEADERS' INSIGHTS                Rob Abrahams, Head of Market Development, carwow Chris Bosworth, Director of Strategy, Close Brothers Motor Finance Dean Bowkett, Managing Director, Bowkett Auto Consulting Austin Collins, Managing Director, BuyaCar.co.uk Adrian Dally, Head of Motor Finance, Finance & Leasing Association Sébastien Duval, CEO, AUTOi David Hosking, CEO, Tusker Richard Jones, Managing Director, Black Horse Gerry Keaney, Chief Executive, BVRLA Alastair Kendrick, independent company car taxation consultant Jon Lawes, Managing Director, Hitachi Capital Vehicle Solutions Rupert Pontin, Director of Valuations, Glass’s Kit Wisdom, Head of Technical Services, Alphabet GB Limited

Terms of service: Asset Finance International Country Surveys are free because they are sponsored. By ordering this Country Survey you are agreeing to allow us to share your contact information with the Sponsor who may contact you with information and offers regarding their products and services. The Sponsor is White Clarke Group.

Americas

United States Auto & Asset Finance Country Survey 2016

Nov 01, 2016

     AVAILABLE NOW, FREE OF CHARGE New business volumes in the US equipment leasing market grew by 12.4% to $123 billion in 2015 Independent lessors experienced the strongest rate of growth in 2015, although this segment still trails banks and captives for market share. In 2015 the equipment finance market was dominated by the transportation, IT, construction, and agriculture segments, although of all market segments only transportation, IT and construction saw any growth over the previous year, and the only significant growth was in transportation. Business confidence has slumped, following a general downward trend since early 2015. Confidence among small businesses is also falling, leading to a cautious attitude to borrowing and investing in their businesses. New vehicle sales are down after 66 straight months of growth. Fleet sales are growing, as is the volume of new vehicles financed by leasing which now accounts for around one-third of the market. FULL SUMMARY OF FINDINGS - SEE PAGE 4 OF THE SURVEY   INCLUDES LEADERS' INSIGHTS    Gary Amos, CEO of Commercial Finance Americas, Siemens Financial Services Bill Bosco, Principal, Leasing 101 Jonathan Dodds, Chief Executive Officer – Americas, White Clarke Group Chris Enbom, CEO, Allegiant Partners Brendan Gleeson, Group CEO, White Clarke Group Dave Mirsky, Chief Executive Officer, Pacific Rim Capital Tom Partridge, President, Fifth Third Equipment Finance Bob Rinaldi, CEO, Commercial Industrial Finance Alan Sikora, CEO, First American Equipment Finance, a City National Bank company Bill Stephenson, CEO and Chairman of the Executive Board at DLL Adam Warner, President, Key Equipment Finance Marguerite Watanabe, President, Connections Insights Stephen Whelan, Partner, Blank Rome LLP  

Terms of service: Asset Finance International Country Surveys are free because they are sponsored. By ordering this Country Survey you are agreeing to allow us to share your contact information with the Sponsor who may contact you with information and offers regarding their products and services. The Sponsor is White Clarke Group. ALL FIELDS ARE REQUIRED

Asia Pacific

Asia Pacific Asset & Auto Finance Country Survey 2017

May 15, 2017

  AVAILABLE NOW, FREE OF CHARGE This is a hugely diverse region with national economies at different stages of development. Historic indicators suggest others are on the brink of exciting growth. In India, oil demand is where China’s was in 2002, while the country’s GDP per capita in 2015 was the same as China’s in 2005. If India were to follow the same economic trajectory as China in the next 10 years, the business potential would be enormous. China is an intoxicating prospect for lenders - 250 million people in China possess a driving license, but only 180 million own a car. In Australia, concerns about the global economy and fears of a higher exchange rate are dampening the market, with equipment finance up just 1.8% in 2016, although fleet leasing achieved a 21% growth. In the Republic of Korea and Japan, concerns over the US announcement that it is reviewing its free trade agreement with Korea have cast a shadow over this year’s prospects. Although, Sri Lanka is tipped for positive growth alongside a number of the smaller economies in Asia Pacific. FULL SUMMARY OF FINDINGS - SEE PAGE 6 OF THE SURVEY   INCLUDES LEADERS' INSIGHTS    Nidhi Bothra, Executive Vice President, Vinod Kothari Consultants John Dennis, Managing Director, Australian Structured Finance Group Paul Errington, CEO, Connaught Finance Investments, Hong Kong Hugh Lander, CEO, BOQ Finance Professor Yanping Shi, Professor of Finance, School of International Trade and Economics, University of International Business and Economics, Beijing Ting Yang, PhD student, School of International Trade and Economics, University of International Business and Economics, Beijing  

Terms of service: Asset Finance International Country Surveys are free because they are sponsored. By ordering this Country Survey you are agreeing to allow us to share your contact information with the Sponsor who may contact you with information and offers regarding their products and services. The Sponsor is White Clarke Group. ALL FIELDS ARE REQUIRED

 

Key trends in changing mobility landscape

The auto finance industry is set to be reshaped by the global shift from car ownership to transport systems based around mobility services, according to an industry expert. Advances in technology mean that transport is being affected by digitisation which is enabling a completely different approach to car use, according to Jens Diehlmann, global automotive finance leader at Ernst & Young. He argues that by 2030, around 5.2 trillion miles or 26% of total travelled miles globally will be shared, creating a $2.6 trillion market.

Key trends in changing mobility landscape

May 02, 2017

The auto finance industry is set to be reshaped by the global shift from car ownership to transport systems based around mobility services, according to an industry expert. Advances in technology mean that transport is being affected by digitisation which is enabling a completely different approach to car use, according to Jens Diehlmann, global automotive finance leader at Ernst & Young. He argues that by 2030, around 5.2 trillion miles or 26% of total travelled miles globally will be shared, creating a $2.6 trillion market.

Auto Captives to play central role in maximizing lifetime customer value

Finance captives currently play a critical role in driving loyalty and delivering higher customer spending, and will play a further increased role as manufacturers focus on providing mobility services in future. That was the message to delegates at the International Auto Finance Network conference from David Betteley, Global Financial Services Director at Jaguar Land Rover.

Auto Captives to play central role in maximizing lifetime customer value

Apr 19, 2017

Finance captives currently play a critical role in driving loyalty and delivering higher customer spending, and will play a further increased role as manufacturers focus on providing mobility services in future. That was the message to delegates at the International Auto Finance Network conference from David Betteley, Global Financial Services Director at Jaguar Land Rover.

Disruption in auto finance to be even more significant than in other sectors

“Customers today buy cars in a radically different way than they did a few years ago. They start from the internet. In fact, around 97% of car buyers in Germany start their purchasing journey on the internet and most of them [take] an omni-channel approach.” Only about 1% of people in Germany seem to believe that their car buying experience is the optimal one. As expectations increase and ‘online’ becomes embedded in the car buying process, brand loyalties will be challenged. This was the message from Edoardo Demarchi, partner with global consultancy, Roland Berger at the International Auto Finance Network conference.

Disruption in auto finance to be even more significant than in other sectors

Apr 03, 2017

“Customers today buy cars in a radically different way than they did a few years ago. They start from the internet. In fact, around 97% of car buyers in Germany start their purchasing journey on the internet and most of them [take] an omni-channel approach.” Only about 1% of people in Germany seem to believe that their car buying experience is the optimal one. As expectations increase and ‘online’ becomes embedded in the car buying process, brand loyalties will be challenged. This was the message from Edoardo Demarchi, partner with global consultancy, Roland Berger at the International Auto Finance Network conference.

Six key influences that will impact the UK asset and auto finance market in 2017

The UK finance market has been resilient in the face of historic changes in the past year, but challenges will remain in 2017 and beyond, a new report reveals. The UK Asset and Auto Finance Survey 2017 from White Clarke Group, produced in conjunction with Asset Finance International, points to a series of key factors that will have the greatest impact on the market. Six key factors affecting UK auto and asset finance markets in 2017:

Six key influences that will impact the UK asset and auto finance market in 2017

Mar 28, 2017

The UK finance market has been resilient in the face of historic changes in the past year, but challenges will remain in 2017 and beyond, a new report reveals. The UK Asset and Auto Finance Survey 2017 from White Clarke Group, produced in conjunction with Asset Finance International, points to a series of key factors that will have the greatest impact on the market. Six key factors affecting UK auto and asset finance markets in 2017:

Using Artificial Intelligence to provide personalized customer service

Artificial intelligence (AI) is beginning to transform the way credit and fraud decisions are managed by the global finance industry. The transformation is driven by an ‘eruption’ in the level of data being generated, coupled with computer and software advances that can filter and analyze this data to provide insights and trigger decisions.

Using Artificial Intelligence to provide personalized customer service

Mar 22, 2017

Artificial intelligence (AI) is beginning to transform the way credit and fraud decisions are managed by the global finance industry. The transformation is driven by an ‘eruption’ in the level of data being generated, coupled with computer and software advances that can filter and analyze this data to provide insights and trigger decisions.

How Auto Captive Finance professionals can become kick ass rock stars!

The arrival of the connected car has raised an important question in the automotive market – who exactly is the customer connected to? Historically, a customer’s brand experience was defined by the car manufacturer and the unique environment it created for the driver and passengers. However, in the rush to install smartphone-ready technology into modern cars, manufacturers have welcomed the two dominant brands, Apple and Google, into their vehicle ecosystems.

How Auto Captive Finance professionals can become kick ass rock stars!

Mar 14, 2017

The arrival of the connected car has raised an important question in the automotive market – who exactly is the customer connected to? Historically, a customer’s brand experience was defined by the car manufacturer and the unique environment it created for the driver and passengers. However, in the rush to install smartphone-ready technology into modern cars, manufacturers have welcomed the two dominant brands, Apple and Google, into their vehicle ecosystems.