Vehicle Remarketing Logo

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.

by Staff
April 13, 2018
1 min to read


Photo courtesy of Ally.

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.

Fair is a relatively new company that offers a different approach to vehicle ownership. Unlike traditional financing or leasing, customers who choose a vehicle through Fair can own that vehicle for as long or as little as they want, whether that’s a month, a year, or four years.

Ad Loading...

Typically Fair gives the dealer that originated the vehicle transaction the first opportunity to buy the vehicle back once a vehicle is returned.

Now, per the terms of this agreement, that vehicle will be offered to other dealers through Ally’s digital wholesale auction, SmartAuction, as a remarketing option if the originating dealer does not purchase the vehicle.

This is yet another avenue for digital wholesale sales in a market that has seen a rise in digital sales.

In 2017, 40% of vehicles sold by Manheim — 2 million — were purchased through a digital screen as opposed to in-lane, according to Manheim. Through Manheim.com, OVE, and RMS, Manheim sold 630,000 vehicles, amounting to 15% growth year-over-year.

More Captive Finance

An Openlane logo-photo of a car labeled with technology inspection points.
Used Vehicle Valuesby News/Media ReleaseSeptember 12, 2025

AutoVIN Rebrands as OPENLANE Inspections

The refocused subsidiary now applies technologies to improve inspections for OEMs, dealers, rental car companies, fleet operators

Read More →
A squiggly wiggly blue bar graph showing median weeks of income needed to buy a car.
Fleetby News/Media ReleaseMay 15, 2025

Tariff Burden Making New Vehicles Less Affordable

New-vehicle affordability declined in April to the worst level yet this year as the bite of higher prices and lower incentives reversed an improving trend.

Read More →
Auctionsby News/Media ReleaseFebruary 21, 2024

OPENLANE Promotes COO Will Mitchell to Lead AFC

The incoming president brings 20 years of business development, operational, and strategy experience.

Read More →
Ad Loading...
Auctionsby StaffDecember 3, 2021

OPENLANE iQ Speeds Up Platform for Vehicle Buyers, Sellers

OPENLANE iQ provides data analytics and comprehensive technology solutions for more than 40 upstream brand marketplaces.

Read More →
Captive Financeby Tariq KamalAugust 29, 2019

Mazda Turns to Toyota for Captive Financing

Toyota Motor Credit Corp. will replace Mazda Capital Services as the captive consumer loan and lease financing company for U.S. Mazda dealers, according to a report filed with the Securities and Exchange Commission Wednesday.

Read More →
Captive Financeby StaffAugust 7, 2019

Nissan's Captive Settles Military Repo Case for $3M

Nissan Motor Acceptance Corp. will pay $3 million to the U.S. Department of Justice to settle claims of improper repossessions and lease terminations of members of the military.

Read More →
Ad Loading...
Captive Financeby StaffApril 30, 2019

GM Financial Honors Auctions of the Year

GM Financial has named five regional 2018 Auction of the Year winners and a winner of Most Valuable Auction of the Year.

Read More →
Captive Financeby StaffApril 3, 2019

Toyota Financial Services Names CFO

Toyota Financial Services has named Scott Cooke as its new chief financial officer.

Read More →
Captive Financeby StaffMarch 21, 2019

ADESA Buffalo Earns Ford Auction Service Award Program Awards

ADESA Buffalo recently earned two Ford Auction Service Award Program (ASAP) awards for its 2018 performance.

Read More →
Ad Loading...
Captive Financeby StaffMarch 13, 2019

Two Charged With Stealing Diesel VWs

Two Michigan men have been charged with allegedly conspiring to steal Volkswagen and Audi diesel vehicles involved in the emissions scandal that were parked at the Pontiac Silverdome, U.S. Attorney Matthew Schneider announced March 11.

Read More →