Financial

Ally Financial is going to remain in the auto racing business for at least three more years. Less than 12 months after it first raced into NASCAR, Ally Financial on Friday extended its full-season primary sponsorship of Hendrick Motorsports and the No. 48 Chevrolet Camaro ZL1 team for three more years through the 2023 season. […] [Read More]

Ryan Davis says his company built its inventory finance business line Float by BacklotCars to be “a more transparent and flexible way to pay for inventory.” “The ability to give dealers a more personalized experience will help us further our mission to make wholesale easy,” Davis, who is BacklotCars’ co-founder, said in a news release. […] [Read More]

Cherokee Media Group integrated more auto-finance workshops and presentations into Used Car Week beginning in 2013. And one of the primary reasons why conference organizers made that move was the National Automotive Finance Association. “When we looked to expand Used Car Week to include an auto-finance component, some of the first steps we took included […] [Read More]

Susan Schmidt, vice president for the U.S. Consumer Credit Group at PayPal, joins the show to talk about PayPal Credit's business-to-business applications, its presence in the auto-parts business and potential for expansion. The full episode can be found below. Download and subscribe to the Auto Remarketing Podcast on iTunes or on Google Play.  You can also listen to the latest […] [Read More]

Fair said Thursday it is buying Ford Motor Credit’s Canvas vehicle subscription service. Terms were not disclosed. Customers using Canvas, a wholly owned subsidiary of Ford Credit established in 2017, will transition to Fair, if they so choose. The Canvas team itself will make the move to Fair, as well.  Fair said in a news […] [Read More]

You might need sharp eyes to notice, but Experian spotted an extremely slight decline in the volume of new-vehicle leasing booked during the second quarter. Analysts also pinpointed the top 10 models generating the most leasing volume in Q2. And two of the vehicles can be seen pretty easily in a driveway or parking lot. […] [Read More]

Jessie Herdrich, who is vice president of compliance at PAR North America, joined the Auto Remarketing Podcast at the Automotive Intelligence Summit this summer in Raleigh, N.C., where she led a presentation on "Ensuring Compliance in a Data-Driven World." The full discussion can be found below. Download and subscribe to the Auto Remarketing Podcast on iTunes or on Google Play.  […] [Read More]

Software company DealerSocket says enhancements such as improved data collection capabilities for its Dealership Management System for independent dealers — or iDMS — “reaffirm the company’s deep commitment to the used-car market.” At its annual user summit in August, DealerSocket announced what it described as “several key innovations,” and in addition to the iDMS data […] [Read More]

In a few special editions of the show, we’re sharing some of the panel discussions and keynote presentations from the recent Automotive Intelligence Summit in Raleigh, N.C. Next up is a panel discussion titled, "Data Privacy Meets Regulatory Oversight in Debt Collection." Moderated by Rod Arends, vice president of Southeast Toyota Finance Service Center Operations, this […] [Read More]

The Q2 Lease Trends Report from Swapalease.com showed that the appeal of crossovers might be at a tipping point. A year ago, Swapalease.com indicated roughly 7.4% of drivers polled said they would shop for a crossover if they needed to go out and lease a vehicle that day. A year later, the site discovered that […] [Read More]