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Ally Boosts Dealer Credit Lines

Ally Financial increased wholesale credit lines by 40 percent in the first quarter to take advantage of the growing sales momentum realized during the period.

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GM, Wells Fargo Launch Auto Finance Partnership

General Motors Co. and Wells Fargo & Co. announced a long-term partnership to offer financing to Chevrolet, Buick, GMC and Cadillac dealers and retail customers in GM’s West marketing region.

Huntington Expands Michigan Dealer Financing Business

Huntington Bancshares Inc. announced that it is significantly expanding its Michigan auto dealer financing business and will add key personnel in Michigan to support the expansion.

TD Bank Group Confirms Deal to Acquire Chrysler Financial

TD Bank Group (TD) and Cerberus Capital Management today announced an agreement under which Chrysler Financial will be sold to TD for cash consideration of approximately $6.3 billion.

Huntington Expands Financing Services Into Five New England States

Huntington is expanding its auto dealer financing business into five New England states: Maine, Massachusetts, New Hampshire, Rhode Island and Vermont.

Finance Express Adds BHPH Portfolio Buyer

Finance Express, a provider of dealer management system and Web technology for independent dealers, has partnered with Denver-based Access Capital Investment Group (ACIG) to offer dealers a built-in opportunity to liquidate their buy-here, pay-here portfolios.

Taking Back Our Industry

Sick of companies, consumer groups and the media profiting from our industry's unsavory past? Maybe it's time you did something about it.

ZimpleMoney Launches ZimpleAuto Loan Solution

ZimpleMoney launches ZimpleAuto, a solution that allows dealers to make and manage loans directly to low- and middle-income consumers, bypassing traditional lenders, banks, and credit unions.

DFS Launches Upgraded MILES Website

Dealers’ Financial Services LLC (DFS) launched the redesigned MILES program Website, usmiles.com, which provides more information about DFS products and services, as well as better customer service for both its dealership and active duty military customers.