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GM Sells 15 Millionth Vehicle on Upstream Platform

Toyota's Captive Announces Executive Changes

Toyota Motor North America (TMNA) and Toyota Financial Services (TFS) have made a number of executive changes in order to improve efficiencies at the companies.

December 17, 2018

Lease Approval Rates Register 70.9% in October
More Loans, Fewer Leases for GM Financial in Q3

More Loans, Fewer Leases for GM Financial in Q3

General Motors Financial Company Inc. reported operating lease originations for the nine months ended Sept. 30, 2018 at $17.3 billion, compared to $19.6 billion for the nine months ended Sept. 30, 2017.

November 1, 2018

Ford Motor Credit Exec Joins AFSA Board

Dale Jones, EVP of Ford Motor Credit has been elected chair elect of the American Financial Services Association (AFSA), according to a company announcement.

October 29, 2018

Lease Payment Prices Rise in September

Lease Payment Prices Rise in September

The vehicles with the largest increased monthly payment were the Nissan Sentra, Toyota Corolla, and Nissan Altima, which were 22.91%, 16.36%, and 15.13%, respectively.

October 24, 2018

Lease Credit Approvals Drop in September
Upstream Remarketing Aiding 2018 Used Vehicle Values
Toyota Financial Services CEO to Retire

Toyota Financial Services CEO to Retire

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.

August 6, 2018

Final VW Diesel Modification Approved

Final VW Diesel Modification Approved

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.

July 17, 2018

Kia Growing Certified Pre-Owned Sales

Toyota Financial Services Names CIO

Toyota Financial Services USA has named Vipin Gupta as its new chief information officer and group vice president, the company has announced.

July 9, 2018

Mercedes-Benz, FCA Set Three Tiers for Subscription Services

Mercedes-Benz, FCA Set Three Tiers for Subscription Services

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.

June 6, 2018

Fiat Chrysler to Establish Captive Finance Company

Fiat Chrysler to Establish Captive Finance Company

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.

June 1, 2018

Hyundai, Lexus Offer Top CPO Programs: Autotrader