Mike Groff will retire as president and chief executive of Toyota Financial Services (TFS) at the end of this month, and will give way to Mark Templin, who has been serving as chairman of the board of Toyota Motor Credit Corp., the captive finance company has announced.
Volkswagen has gained approval from air regulators of the final modification plan for the remaining vehicles that contain software designed to defeat emissions tests, the California Air Resources Board has announced.
Kia Motors America sold 39,954 certified pre-owned vehicles through the first half of 2018, marking a record high for the company.
Toyota Financial Services USA has named Vipin Gupta as its new chief information officer and group vice president, the company has announced.
Mercedes-Benz has provided pricing for its three-tier subscription service, while Fiat Chrysler Automobiles will offer Jeep Wave that will also allow drivers to use a vehicle for a monthly fee across three levels similar to a short-term rental.
Fiat Chrysler Automobiles will establish its own captive finance company by 2022 in a move that could involve the purchase of Chrysler Capital from Santander Consumer USA, the companies have confirmed.
Hyundai and Lexus offer the best certified-vehicle programs in 2018 for consumers shopping for used vehicles, according to the third-party shopping website Autotrader.
With an eye toward the future, Costabile focuses on relationship building, networking, and growth.
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.
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.
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.
Lincoln is expanding its luxury subscription pilot service in West Los Angeles by bolstering the services’ inventory with a slate of used 2017 Lincoln vehicles, according to a company announcement.
Users will now have access to KBB vehicle valuations when assessing the value of their trade-in through the AutoGravity platform.
Linda Silverstein accepted the International Automotive Remarketers Alliance's (IARA) Circle of Excellence award at a luncheon preceding the opening of the 2018 Conference of Automotive Remarketing (CAR).
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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