Latest news with #AutoFinance
Globe and Mail
3 days ago
- Automotive
- Globe and Mail
TD Auto Finance Ranks Highest in National Non-Captive Prime Credit Dealer Satisfaction, according to J.D. Power
For the sixth consecutive year, TD Auto Finance, a division of TD Bank, N.A., received the highest ranking in Dealer Satisfaction among National Non-Captive Prime Credit Lenders, according to the J.D. Power 2025 U.S. Dealer Financing Satisfaction Study. 'At TD Bank, we're focused on delivering exceptional experiences that make a difference in the lives of our customers,' said Andrew Stuart, Head of U.S. Consumer Products, Auto Finance & Wealth, TD Bank. 'Our TD Auto Finance team is committed to doing that with excellence and consistency, as demonstrated by this well-earned recognition. Congratulations to everyone at TD Auto Finance – and thank you for all your efforts.' TD Auto Finance provides indirect retail financing for over 1.1 million consumers and over 6,600 franchised dealerships across the U.S. It's the 8 th largest bank auto lender and the 12 th largest overall auto lender in the U.S. market. This year, TD Auto Finance achieved an overall score of 864 out of 1,000 in the National Non-Captive Prime Credit segment 1 of the J.D. Power study, 84 points ahead of the segment average. In addition, TD Auto Finance scored highest in three of the five factors measured by the study: Funding Process, Finance Provider Offerings, and E-Contracting Process. 'We're continuing to raise the bar for our dealers, and we're grateful to every dealer who shared their perspective in this year's study,' said Nadir Jones, Head of TD Auto Finance. 'The feedback we receive is instrumental as we continue our relentless pursuit of legendary service, enabling us to deliver retail programs that empower our dealers to better serve their customers.' The J.D. Power 2025 U.S. Dealer Financing Satisfaction Study is based on 8,835 total evaluations from 2,172 auto dealer financial professionals across the National Non-Captive Prime Credit segment. Visit for more details. About TD Bank, America's Most Convenient Bank ® TD Bank, America's Most Convenient Bank, is one of the 10 largest banks in the U.S. by assets, providing over 10 million customers with a full range of retail, small business and commercial banking products and services at more than 1,100 convenient locations throughout the Northeast, Mid-Atlantic, Metro D.C., the Carolinas and Florida. In addition, TD Auto Finance, a division of TD Bank, N.A., offers vehicle financing and dealer commercial services. TD Bank and its subsidiaries also offer customized private banking and wealth management services through TD Wealth ®. TD Bank is headquartered in Cherry Hill, N.J. To learn more, visit Find TD Bank on Facebook at and on Instagram at TD Bank is a subsidiary of The Toronto-Dominion Bank, a top 10 North American bank. The Toronto-Dominion Bank trades on the New York and Toronto stock exchanges under the ticker symbol 'TD'. To learn more, visit 1 Study was fielded from April through May 2025 and measures auto dealer satisfaction in five segments of lenders across the industry: Captive Premium—Prime; Captive Mass Market—Prime; Non-Captive National—Prime; Non-Captive Regional—Prime and Non-Captive Sub-Prime.
Yahoo
16-07-2025
- Automotive
- Yahoo
Wolters Kluwer Announces Second Quarter Data for Its Auto Finance Digital Transformation Index
Q2 digital contracting growth mirrored accelerated auto sales activity; Auto securitizations saw a decline following auto ABS losses NEW YORK, July 16, 2025--(BUSINESS WIRE)--Adoption of digitized contracting and documentation workflows by auto retailers and their lending partners that foster back-office efficiencies saw a continued upward trend that mirrored auto sales activity, according to analysis by Wolters Kluwer Compliance Solutions from its Q2 Auto Finance Digital Transformation Index. "The Q2 2025 Auto Finance Digital Transformation Index clearly underscores the imperative for digital workflow adoption in the auto industry," said Matthew Babcock, Digital Lending Product Strategy for Wolters Kluwer. "From significant operational efficiencies to enhanced customer experiences to faster transactions and reduced paperwork, digitization is providing the strategic advantages that are foundational to the future success and resilience of auto finance." Key Findings from the Q2 2025 Index: eContracting (Auto): Digital contracting in auto finance continues its upward trajectory, underscoring the industry's ongoing commitment to streamlined, paperless workflows. Quarter-over-Quarter Growth: eContracting volume increased by 7.07% from Q1 2025 to Q2 2025. Year-over-Year Growth: A notable 9.26% increase was observed from Q2 2024 to Q2 2025. Four-Year Trend Positive: The long-term trend highlights substantial digital adoption, with a remarkable 116.26% growth in eContracting dating back to Q2 2021. This consistent growth in eContracting during the second quarter aligns with the overall U.S. auto sales activity, which saw the forecasted new-vehicle sales pace in June finish near 15.3 million, up from 15.0 million in June 2024, as reported by Cox Automotive. Securitizations (Auto): Digital auto securitization activity also mirrored broader auto ABS trends and experienced a noticeable downturn in Q2 2025, though the longer-term view still indicates overall growth. Quarter-over-Quarter Decrease: Digital auto securitizations decreased by 46.21% from Q1 2025 to Q2 2025. Year-over-Year Decrease: A more substantial 55.26% decline was recorded from Q2 2024 to Q2 2025. Four-Year Trend: Despite recent quarterly declines, the four-year trend shows an overall increase of 22.91% since Q2 2021, indicating that the market has grown considerably over this period, even with recent fluctuations. Amid months of market uncertainty, auto ABS issuance dropped 37.2% YoY to $9.8 billion in May, according to JPMorgan Securities data. Year to date through May 16, prime loan issuance fell 14.4% YoY to $31.5 billion, while nonprime loan issuance rose 6.7% YoY to $17.4 billion, according to JPMorgan. Total issuance landed at $68.3 billion YTD, down 12.8% YoY. Wolters Kluwer Compliance Solutions, which sits within the Wolters Kluwer Financial & Corporate Compliance (FCC) division, is a market leader and trusted provider of risk management and regulatory compliance solutions and services to U.S. banks, credit unions, insurers and securities firms. About Wolters Kluwer Wolters Kluwer (EURONEXT: WKL) is a global leader in information, software solutions and services for professionals in healthcare; tax and accounting; financial and corporate compliance; legal and regulatory; corporate performance and ESG. We help our customers make critical decisions every day by providing expert solutions that combine deep domain knowledge with technology and services. Wolters Kluwer reported 2024 annual revenues of €5.9 billion. The group serves customers in over 180 countries, maintains operations in over 40 countries, and employs approximately 21,600 people worldwide. The company is headquartered in Alphen aan den Rijn, the Netherlands. For more information, visit follow us on LinkedIn, Facebook, YouTube and Instagram. View source version on Contacts Media Contact David FeiderAssociate Director, External CommunicationsFinancial & Corporate ComplianceWolters KluwerOffice +1 Sign in to access your portfolio
Globe and Mail
04-06-2025
- Automotive
- Globe and Mail
For the Fifth Year in a Row, iA Auto Finance Ranks #2 in the Non-Captive Non-Prime Segment in the J.D. Power 2025 Canada Dealer Financing Satisfaction Study
iA Financial Group is proud to announce that its subsidiary, iA Auto Finance, has once again placed second in the non-captive non-prime segment of the J.D. Power 2025 Canada Dealer Financing Satisfaction Study — marking the fifth consecutive year achieving this ranking. 'We've demonstrated again that when we drive together, we thrive together,' said Gwen Gareau, Senior Vice President, iA Dealer Services and iA Auto Finance. 'This momentum is built on the trust of our dealer partners and the dedication of our people.' iA Auto Finance scored 773 points on J.D. Power's 1,000-point scale. The score reflects strong performance in key areas such as sales representative relationships, responsiveness, and funding process efficiency. This year's study, now in its 27th year, surveyed over 5,900 finance provider evaluations from Canadian new-vehicle dealerships. For more details, visit: About iA Auto Finance iA Auto Finance, a wholly owned subsidiary of iA Financial Group, is a broad-spectrum lender that provides automotive loans to Canadians who need to buy a car but can't obtain traditional bank financing. For our dealer partners, we pride ourselves on delivering the fastest loan approvals in the business and an exceptional service experience. For our borrowers, our Rate Reducing Loan allows them to save money, pay their loans off faster and improve their credit score. About iA Financial Group iA Financial Group is one of the largest insurance and wealth management groups in Canada, with operations in the United States. Founded in 1892, it is one of Canada's largest public companies. It is listed on the Toronto Stock Exchange under the ticker symbol IAG (common shares).
National Post
04-06-2025
- Automotive
- National Post
For the Fifth Year in a Row, iA Auto Finance Ranks #2 in the Non-Captive Non-Prime Segment in the J.D. Power 2025 Canada Dealer Financing Satisfaction Study
Article content QUEBEC CITY — iA Financial Group is proud to announce that its subsidiary, iA Auto Finance, has once again placed second in the non-captive non-prime segment of the J.D. Power 2025 Canada Dealer Financing Satisfaction Study — marking the fifth consecutive year achieving this ranking. Article content 'We've demonstrated again that when we drive together, we thrive together,' said Gwen Gareau, Senior Vice President, iA Dealer Services and iA Auto Finance. 'This momentum is built on the trust of our dealer partners and the dedication of our people.' Article content iA Auto Finance scored 773 points on J.D. Power's 1,000-point scale. The score reflects strong performance in key areas such as sales representative relationships, responsiveness, and funding process efficiency. Article content This year's study, now in its 27th year, surveyed over 5,900 finance provider evaluations from Canadian new-vehicle dealerships. Article content For more details, visit: About iA Auto Finance iA Auto Finance, a wholly owned subsidiary of iA Financial Group, is a broad-spectrum lender that provides automotive loans to Canadians who need to buy a car but can't obtain traditional bank financing. For our dealer partners, we pride ourselves on delivering the fastest loan approvals in the business and an exceptional service experience. For our borrowers, our Rate Reducing Loan allows them to save money, pay their loans off faster and improve their credit score. Article content Article content Article content Article content Contacts Article content Information: Article content Article content iA Financial Group Article content Article content Public Affairs Article content Article content Article content Article content
Yahoo
30-05-2025
- Automotive
- Yahoo
Auto Finance Strategic Business Analysis Report 2024-2030: Dealer Integration and Embedded Financing Offer Seamless Retail-to-Loan Journeys
Understand the significant growth trajectory of the New Vehicles Finance segment, which is expected to reach US$3.4 Trillion by 2030 with a CAGR of a 12.7%. The Used Vehicles Finance segment is also set to grow at 8.7% CAGR over the analysis period. Gain insights into the U.S. market, valued at $690.9 Billion in 2024, and China, forecasted to grow at an impressive 15.6% CAGR to reach $1.0 Trillion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific. Auto Finance Market Dublin, May 30, 2025 (GLOBE NEWSWIRE) -- The "Auto Finance - Global Strategic Business Report" report has been added to global market for Auto Finance was valued at US$2.5 Trillion in 2024 and is projected to reach US$4.8 Trillion by 2030, growing at a CAGR of 11.4% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. The report includes the most recent global tariff developments and how they impact the Auto Finance market. Auto finance is undergoing a significant transformation as it shifts from traditional lending models to digital-first, mobility-driven ecosystems that align with evolving consumer behavior, vehicle ownership trends, and transportation technologies. No longer limited to auto loans and leases processed at dealerships, modern auto finance now spans a dynamic range of services including online pre-approvals, flexible leasing, usage-based financing, subscription models, and embedded finance offerings. These shifts are being driven by a combination of digital innovation, demand for convenience, and a new generation of consumers who prioritize access, transparency, and customization over long-term Is Driving the Global Growth of the Auto Finance Market?The growth in the auto finance market is driven by digitization, financial inclusion efforts, and the emergence of new mobility paradigms that require flexible, tech-enabled financing options. A central growth driver is consumer demand for frictionless, personalized, and digitally accessible financing experiences that reduce paperwork, speed up approvals, and provide transparency around interest rates, terms, and total cost of ownership. Fintech innovation, cloud-native loan origination platforms, and the integration of AI into underwriting are expanding both reach and efficiency for vehicle prices, growing EV adoption, and post-pandemic shifts in transportation behavior are also reinforcing the need for diversified financing models, including lease-to-own, short-term subscriptions, and embedded payments. Regulatory support for digital KYC, open banking, and credit inclusion is helping expand market access, especially in underserved regions Partnerships between banks, OEMs, dealers, and digital marketplaces are accelerating product innovation and distribution. As auto finance becomes more data-driven, real-time, and platform-based, a pivotal question arises:Can the auto finance ecosystem evolve into an agile, inclusive, and sustainable enabler of next-generation mobility without compromising on risk, trust, and user empowerment?Where Is Market Demand for Auto Finance Expanding and Which Segments Are Leading Growth?Auto finance demand is expanding globally, with strong momentum in both mature and developing markets. North America and Western Europe remain dominant due to high vehicle penetration, well-established credit infrastructure, and innovation from both traditional banks and fintech players. In the U.S., online auto finance is expanding rapidly through marketplaces and digital aggregators, while in Europe, flexible financing for electric vehicles and shared fleets is becoming a central theme. Asia-Pacific - particularly China, India, and Southeast Asia - is experiencing rapid growth driven by rising middle-class populations, low car ownership rates, and government support for vehicle access and EV segments driving demand include first-time car buyers, self-employed individuals, and digitally savvy Millennials and Gen Z consumers who prefer online and mobile channels. Fleet operators, ride-hailing drivers, and last-mile delivery providers are also fueling demand for commercial vehicle financing. In parallel, growing interest in EVs is catalyzing financing innovations around battery leasing, charging bundles, and government-subsidized loans. Dealerships, OEMs, and digital automotive platforms are integrating financing solutions directly into the customer journey, shifting from transaction-based to lifecycle engagement models. How Are Digital Platforms, AI, and Alternative Data Transforming Auto Financing Models?AI and machine learning models are enabling automated credit scoring, loan approvals, and fraud detection by analyzing traditional financial indicators alongside alternative data such as rental history, utility payments, and e-commerce activity. This is expanding access to financing for underbanked and first-time buyers, especially in emerging markets and gig economy segments. Digital lenders and neobanks are offering mobile-first financing platforms with instant decisioning, paperless documentation, and seamless integration with vehicle purchase showrooms, API-driven dealer networks, and embedded finance within OEM websites are enabling end-to-end online car purchasing experiences, where consumers can choose, finance, and insure their vehicle in one session. Subscription-based ownership and usage-based insurance models are gaining traction, especially among urban consumers who prioritize flexibility. Blockchain is also being explored to enhance transparency in loan origination, vehicle history verification, and smart contract execution. These advancements are pushing the industry toward real-time, data-driven decision-making that reduces operational friction and enhances customer Scope Report Features: Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030. In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa. Company Profiles: Coverage of players such as ACI Worldwide, Alliant Credit Union, Ally Financial Inc., Auto Credit Express, Bank of America and more. Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments. Segments Vehicle Age (New Vehicles, Used Vehicles) Purpose (Loan, Leasing) Loan Provider (Banks, OEM, Credit Unions, Other Loan Providers) End-Use (Passenger Cars, Commercial Vehicles) Tariff Impact Analysis: Key Insights for 2025What's Included in This Edition: Tariff-adjusted market forecasts by region and segment Analysis of cost and supply chain implications by sourcing and trade exposure Strategic insights into geographic shifts Buyers receive a free July 2025 update with: Finalized tariff impacts and new trade agreement effects Updated projections reflecting global sourcing and cost shifts Expanded country-specific coverage across the industry Key Attributes: Report Attribute Details No. of Pages 459 Forecast Period 2024 - 2030 Estimated Market Value (USD) in 2024 $2.5 Trillion Forecasted Market Value (USD) by 2030 $4.8 Trillion Compound Annual Growth Rate 11.4% Regions Covered Global Key Topics Covered: MARKET OVERVIEW Influencer Market Insights World Market Trajectories Auto Finance - Global Key Competitors Percentage Market Share in 2025 (E) Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2025 (E) MARKET TRENDS & DRIVERS Rising Vehicle Ownership Rates in Emerging Markets Drive Demand for Auto Finance Solutions Digital Lending Platforms Transform Auto Loan Origination With Speed and Transparency Subscription-Based and Pay-Per-Mile Models Challenge Traditional Auto Finance Structures AI and Big Data Enable Credit Scoring Innovations for Underserved Borrowers EV Financing Options Expand as New Ownership Models Take Shape in the Auto Market Dealer Integration and Embedded Financing Offer Seamless Retail-to-Loan Journeys Telematics and Usage-Based Data Open Doors for Risk-Based Auto Loan Pricing Growing Leasing Preference Among Young Buyers Alters Auto Finance Portfolio Composition OEM-Backed Finance Arms Use Incentives to Gain Share in Competitive Loan Markets Repossession and Risk Management Tools Improve Loan Recovery in Volatile Economies Regulatory Support for Interest Rate Disclosure and Lending Transparency Shapes Policy Landscape Financing Platforms Add Value Through Loyalty, Insurance Bundles, and Vehicle Services FOCUS ON SELECT PLAYERS:Some of the 36 companies featured in this report ACI Worldwide Alliant Credit Union Ally Financial Inc. Auto Credit Express Bank of America Barclays Partner Finance BMW Financial Services Capital One Auto Finance CarMax Auto Finance Carvana Chase Auto Finance DLL Group Exeter Finance Ford Credit Global Lending Services GM Financial HDFC Bank Hitachi Capital Asia Pacific Honda Financial Services HSBC Holdings PLC For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Auto Finance Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
