The first half of 2018 has been a strong year for used vehicle values, and growth in upstream remarketing is playing a helpful role.
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Kia Motors America sold 39,954 certified pre-owned vehicles through the first half of 2018, marking a record high for the company.
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Toyota Financial Services USA has named Vipin Gupta as its new chief information officer and group vice president, the company has announced.
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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.
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The loan amount for a new vehicle in the first quarter of 2018 was $31,445, $921 higher than the same period in 2017. In the used segment, the average loan amount for a vehicle was $19,536, $410 higher compared to the year-ago period.
Read More →Toyota Motor Credit Corp. revealed in a regulatory filing that it could face an enforcement action from the Consumer Financial Protection Bureau and the U.S. Department of Justice.
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