The first half of 2018 has been a strong year for used vehicle values, and growth in upstream remarketing is playing a helpful role.
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.
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.
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.
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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