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BMW Group Financial Services Seeking New Technologies

Photo courtesy of BMW.

BMW Group Financial Services has launched an accelerator program meant to provide entrepreneurs, startups, and small businesses with the opportunity to partner with the captive finance company to develop new technologies, according to the company.

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Ally SmartAuction Coming to Fair

Ally Financial Inc. and Fair have partnered to allow Fair to use Ally’s SmartAuction as a remarketing solution for its returned cars, according to a company announcement.

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Volkswagen Storing 300,000 Diesels Around U.S.

Screenshot via Reuters.

Volkswagen has been storing the diesel-powered vehicles it bought back from customers at 37 secure storage facilities that include a suburban Detroit football stadium, former Minnesota paper mill, and desert parking lot near Victorville, Calif., Reuters is reporting.

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SmartAuction Adds Off-Lease Nissan, Infiniti Units

Photo by Eric Gandarilla.

SmartAuction will begin listing off-lease Nissan and Infinity vehicles on its platform as part of an agreement between the company, Nissan Motor Acceptance Corp. (NMAC), and Infiniti Financial Services (IFS), according to a company announcement.

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Honda Redesigns CPO Website

Honda has released a newly redesigned certified pre-owned (CPO) vehicle website meant to provide an easier and more focused experience for its CPO segment, which has grown by 6.8% this year, according to a company statement.

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GM Financial Names Auctions of the Year

GM Financial presented its 2016 auction of the year awards to ADESA Kansas City for Open Sale Auction of the Year and Manheim Statesville in North Carolina for Closed Sale Auction of the Year award, the company announced earlier this week.

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Dan Kennedy to Retire from GM

After 39 years with General Motors — 31 of which were spent with the OEM’s remarketing organization — Manager of GM Remarketing Dan Kennedy has announced his intent to retire from the company.