Toyota Financial Services didn’t look far for a replacement when one of the captive’s top leaders revealed his plan for retirement. This week, TFS announced that Mike Groff, the company’s president and chief executive officer, member of the company’s board ... [Read More]

More than 100,000 credit union members now could have a clear path to financing a vehicle purchase if they use online retailer Carvana. Firstmark Credit Union — founded in 1932 by 10 teachers within the San Antonio Independent School District ... [Read More]

Soon college students will be returning to campuses nationwide for the start of the fall semester. Triggered by four primary reasons, Swapalease.com is providing students with a practical alternative to buying a vehicle that fits their needs, without tacking on ... [Read More]

Two leading financial regulatory bodies — the U.S. Department of the Treasury and the Office of the Comptroller of the Currency — each took steps to involve themselves in the fintech space. On Tuesday, the Treasury Department released a report ... [Read More]

Experian Automotive previously reported that monthly payments for new-vehicle retail installment contracts originated during the first quarter reached a record high at $523. The monthly payment for a used model approached $400 with analysts pinpointing it at $372. On Tuesday, ... [Read More]

Autotech Ventures — a Silicon Valley venture capital firm that manages a fund of more than $120 million focused on startups — recently added to its human capital again. Autotech Ventures announced that early-stage venture capital investor and former entrepreneur, ... [Read More]

New leadership came aboard this week at AutoGravity. The digital vehicle-shopping and financing platform announced the appointment of Alex Mallmann as president and chief executive officer, and Jason Bonifay as chief technology officer. The announcement comes as the company hit ... [Read More]

LexisNexis Risk Solutions, a leading provider of data, analytics and technology, recently made a multi-million dollar investment in the formation of a new global connected car team. The company highlighted the team of more than 35 experts has been created ... [Read More]

Experian Automotive reported that credit unions held 21.3 percent of the market share of all auto financing after the first quarter of this year, up from 20.0 percent a year earlier. And GrooveCar released a white paper this week in ... [Read More]

Coming on the heels of finalizing a global partnership with Silicon Valley innovator Plug and Play, Toyota Financial Services on Monday announced its new group vice president and chief information officer. Reporting to Mike Groff, president and chief executive officer ... [Read More]