Mercedes-Benz Financial Names Horacio Trujillo as Head of Remarketing
Mercedes-Benz Financial (MBF) promoted Horacio Trujillo to be the head of remarketing, effective Sept.1.
FORT WORTH, Texas – Mercedes-Benz Financial (MBF) promoted Horacio Trujillo to be the head of remarketing, effective Sept. 1.
In this position, Trujillo will be responsible for managing the company’s remarketing processes, including the customer and asset strategies in conjunction with Mercedes-Benz USA. He will report to Janet Marzett, vice president of collections, customer service and remarketing.
Trujillo succeeds Jeff Gartland, who will lead MBF’s business center operations, effective Sept. 1. Gartland will be responsible for credit, funding and internal operations for MBF in the U.S and report to Mark Ingram, vice president of MBF sales and field operations.
Trujillo has vast experience in remarketing, including reporting as well as customer and asset strategies during the past six years. Previous to remarketing, he was in risk management at the company headquarters in Farmington Hills, Mich.
He joined the company in 1999, as an associate in the executive leadership program, where he worked for two years in areas such as fleet credit, business development, collections, remarketing and operations in Latin America.
Trujillo earned his Bachelor of Arts from University of Miami in Florida and his MBA from Babson College in Massachusetts.
In addition, the company announced that Tom O’Connorwill lead MBF collections. He will be responsible for the overall strategic direction for MBF Collections and Daimler Truck Financial Small Business Collections.
O’Conner succeeds Sam Ridlon who is taking a similar position with parent company Daimler Financial in Germany. In this position O’Connor will report to Marzett.
More Auto Finance

July Was Hot for Auto Borrowers
Credit proved readily available for many, but most loans left buyers in negative territory, Cox Automotive said.
Read More →
Dealer Lender Preferences Revealed
When lenders provide consistent, fast service, their overall satisfaction scores with dealers greatly improve, according to JD Power research.
Read More →
Auto Refi Savings Surge
Consumers with 84-month auto loan terms who refinanced saved the most on monthly payments, according to a new report by auto refinancing provider Caribou.
Read More →
Subaru Enters Lending Business
The automaker follows other brands in adding captive financing in the U.S., and says the move will strengthen its position here.
Read More →
Positive Equity Reaches Record High
Mainstream vehicle owners who bought a car seven years ago are likely to have positive equity when trading in for a new vehicle, according to second-quarter Edmunds data.
Read More →
Dealerships Are Paying the Price for Extended Car Loans
Growing negative-equity scenarios mean such lengthy terms should be addressed in a forward-looking way to make them work for the dealer and the consumer down the road.
Read More →
Trade-Ins in Negative Equity Reach New Heights
As such trade-ins rise in frequency, so do monthly loan payment amounts and interest rates, according to second-quarter data compiled by Edmunds.
Read More →
Auto Credit Plentiful
June numbers show lenders are readily granting access, including to risky borrowers, as consumers leverage themselves to take on high prices.
Read More →
Automotive Consumers Sink Further in Debt
Most financing metrics hit records in the second quarter as more buyers locked themselves into long terms and high monthly payments.
Read More →
Porsche Financial Services Shifts Structure
After 36 years with Porsche, the Financial Services Chief Financial Officer Konrad Riedl is retiring, and the department is realigning its management structure.
Read More →