Kick off 2017 TIME Dealer of the Year Season
Jul 20, 2016
DETROIT, July 20, 2016 -- Ally Financial announced that nominations are now open for the 2017 TIME Dealer of the Year program. Ally and TIME officially opened the nomination period for the 2017 award, encouraging nominations at the annual Automotive Trade Association Executives (ATAE) Summer Conference July 14-16 in Al ... Continue reading
Launch of Automotive News Canada Gives Voice to Canadian Automotive Industry
Jul 1, 2016
DETROIT, July 1, 2016 -- Crain Communications Inc., publisher of more than 20 business-to-business publications, is expanding the Automotive News brand with Automotive News Canada, a suite of news products focused exclusively on the Canadian automotive industry. The website, automotivenews.ca, launches today. A weekly ... Continue reading
May 23, 2016
SAN FRANCISCOâAutoFi, the first point of sale financing solution for the auto industry, announced today that it raised $17 million in new financing and is live in the market. Crosslink Capital led the investment and was joined by Lerer Hippeau Ventures, Bruce Toll (Chairman of Toll Brothers) and other early stage ... Continue reading
99th Annual Auto Dealers (NADA) Convention Opens in Las Vegas +VIDEO
Apr 2, 2016
Las Vegas April 1, 2016; The National Automobile Dealers Association opened its 99th annual Convention & Expo [Friday] at the Las Vegas Convention Center. "Connect" is the theme of this convention, with more than 24,000 new-car and âtruck dealers and their employees expected to attend. More than 600 exhibitors hav ... Continue reading
Fraser McCombs Capital Launches Automotive-Focused Investment Fund
Mar 31, 2016
SAN ANTONIOâFraser McCombs Capital (FMC) announced today it is launching a second automotive-focused investment fund, FMC Fund II. FMC was founded by Billy Joe ââ¬ÅRedââ ; ;¬??? McCombs and Chase Fraser in 2012. McCombs is the founder of the Red McCombs Automotive Group, a co-founder of Clear Chan ... Continue reading
Hyundai Capital America is Proud to Highlight Its New Executive Leadership Team
Mar 17, 2016
IRVINE, Calif., March 17, 2016 -- Hyundai Capital America (HCA), a top-10 U.S. auto finance company that does business as Hyundai Motor Finance and Kia Motors Finance, is pleased to announce the transformation of its executive leadership team initiated late last year by president & CEO, Ross Williams, is now complete. ... Continue reading
2015 New Vehicle Registrations Top 17 million - First Time Since 2005
Mar 16, 2016
vehicle registrations reached 17.7 million in 2015, a 4.7 percent increase from a year ago. According to its Q4 2015 Automotive Market Share Trends and Registrations analysis, the increase marks the first time new vehicle registrations have surpassed 17 million since 2005. Complete findings from the Q4 2015 Automotive ... Continue reading
Honda and Visa Show Stay In The Car Fill-up Technology
Feb 23, 2016
​NEW YORK February 23, 2016; NACS Online; CNBC reported that Visa and Honda have teamed up to bring mobile payments to cars. Visa showed off a concept app at the Mobile World Congress in Barcelona this week that allows drivers to pay for fuel and parking without leaving their vehicle. Last year at the Mobile Worl ... Continue reading
Kasasa Launches New Auto Loan Program For CFI's
Feb 22, 2016
AUSTIN, TexasâKasasaî, formerly BancVue, an award-winning financial technology and marketing provider, announced availability of its new auto loan direct marketing program, Kasasa Fuel. This turnkey program is designed to generate profitable auto loans for community financial institutions (CFIs). Kasasa Fue ... Continue reading
Hyundai Capital America Is Proud to Provide Auto Finance 101 to Consumers
Jan 28, 2016
Hyundai Capital America (HCA), a top-10 U.S. captive auto-finance company that does business as Hyundai Motor Finance and Kia Motors Finance, is proud to announce it has developed new point-of-sale educational booklets to help consumers understand the ins-and-outs of auto financing. The Financing 101 and Leasing Benefi ... Continue reading
New-Car Prices Likely To Stall In 2016
Jan 13, 2016
New-Car Prices Are Likely to Stall this Year, Offering Savvy Shoppers a Buying Opportunity, Says Requisite Press LOS ANGELES, Jan. 13, 2016; Requisite Press, LLC reported today a December 2015 Auto Buyer's Affordability Index (ABAI) of 57.9, indicating that a prudent, median-income household can afford 57.9 percent of ... Continue reading
Consumers Can Now Share a Vehicle in New Ford Credit Link Pilot Leasing Program
Jan 11, 2016
Consumers can lease a Ford vehicle together through new Ford Credit Link pilot Digital tools let groups keep in touch, plan, track vehicle use and make payments Consumers have more access to Ford vehicles with solutions like Ford Credit Link â which allows people to share lease costs DETROIT -- January 11, 2015: T ... Continue reading
Michigan Angel Fund Closes Six Deals at End of 2015, Invests $2.9 million in Michigan Startups
Jan 4, 2016
The Michigan Angel Fund (MAF) closed 2015 with $2.91 million of investment, including six deals totaling $1,578,000 in the last quarter. âMAF investments in these Michigan companies not only directly support our entrepreneurial economy, but also attract outside investment to the stateâ Tweet this âMAF in ... Continue reading
McLaren North America and Ally Financial Announce Financing Relationship
Jan 4, 2016
McLaren Automotive North America and Ally Financial announced today a new preferred financing relationship, which includes the availability of retail financing and competitive leasing options for McLaren's two best-selling models, the McLaren 570S and 650S. McLaren and Ally worked together over several months to develo ... Continue reading
Optimism Builds for Recreational Vehicle Industry In Latest Commercial Distribution Finance Survey
Dec 28, 2015
Optimism among dealers and other industry participants in the outlook for the recreational vehicle (RV) industry continued to increase from prior years, according to annual survey results released today by Commercial Distribution Finance (CDF), a business of GE Capital. Almost half (48 percent) of survey respondents sa ... Continue reading
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