Add another foreign OEM’s captive to the list of finance companies now available through AutoGravity. Nissan Motor Acceptance Corp. (NMAC) announced on Tuesday it is joining AutoGravity to help consumers looking to acquire Nissan with personalized retail and lease preapproval offers through digital credit shopping on their smartphones. Through this collaboration, OEM officials indicated consumers […] [Read More]

A pair of top-level executive changes unfolded at the Blue Oval this past week. Ford Motor Credit named Brian Schaaf as chief financial officer and treasurer. Currently, Schaaf is controller of Ford Motor Com. Global Purchasing. According to a news release, Schaaf will be responsible for Ford Credit financial planning, analysis, accounting and capital strategy. […] [Read More]

Motorlease Corp. announced that it has promoted Jeffrey Perkins to the position of vice president of operations. Perkins advanced to leadership roles in the customer service department and dealer relationship management area after joining Motorlease to serve in an administrative capacity in 2002, the company said. In 2005, he led Motorlease’s purchasing and remarketing efforts and […] [Read More]

Now franchised dealers have another way to leverage the J.D. Power brand recognition; this time in the finance office. On Tuesday, J.D. Power launched what the company dubbed the J.D. Power Automotive Protection Products for new-vehicle buyers. These F&I products are available now at an expanding network of franchised dealerships across the country. “The finance […] [Read More]

The calendar year might have increased by one digit, but the analyst team at Wantalease.com is seeing that prices on most of today’s popular vehicle leases are holding steady in January. Compared to December, site analysts determined that 33 different vehicles maintained their prices. Wantalease.com noticed only one vehicle is currently offered for less than […] [Read More]

A free resource to help dealerships manage their compliance responsibilities is now available. Dealertrack recently released its 2018 Compliance Guide, which outlines the changes and updates in compliance that will affect dealers in 2018. Now in its 13th year, the Compliance Guide is a leading resource on current trends and best practices in F&I compliance. […] [Read More]

If you’re in the auto industry, you may have already seen this Autotrader statistic cited in a Fair whitepaper. But it bears repeating, given how illuminating it is. Seventeen of 4,002 consumers surveyed for Autotrader’s 2015 “Car Buyer of the Future” study would rather keep the auto sales process status quo. “And as more smartphone-wielding […] [Read More]

Ally Financial is hoping a TV show personality helps the company’s education endeavors. This week, Ally Financial announced that it will team up with Danny Koker, star of the History Channel show “Counting Cars,” to launch a new trivia game aimed at promoting financial awareness during this year’s North American International Auto Show (NAIAS) in […] [Read More]

Mike Darrow will become the president of ALG on Monday, as current president and TrueCar co-founder Mike Nguyen is leaving the company on Nov. 1. In a news release Friday morning, ALG — which is a subsidiary of TrueCar — said Nguyen will remain with the company as a strategic advisor until he leaves. Nguyen co-founded […] [Read More]

As plush as showrooms can be sometimes, consumers often do not want to spend hours finalizing vehicle delivery, so Chase and AutoFi are collaborating to help dealers. On Thursday, Chase announced a partnership with AutoFi, a financial technology company that helps customers select and finance vehicles through their dealers’ website and reduce the time it takes to […] [Read More]