Costco Holiday Sales Event Adds More Incentive This Year

Costco has tacked on $500 rebates to its annual auto program holiday sales event announced last week. As in previous years, the retailer has partnered with General Motors to offer members discounts on new and leased 2018 and 2019 Chevrolet, Buick, GMC, and Cadillac models. Qualifying models are eligible for the discount until Jan. 2, […]

Chevrolet Dealership Slapped With $2M Fine for Loan Fraud

An Erie, Pa.-based dealership agreed to pay a penalty after getting caught in a fraud scheme in which the dealership sold vehicles at falsely inflated prices to subprime consumers who could not afford them, the U.S Attorney’s Office said Friday. Specifically, Hallman Chevrolet and the Hallman Auto Group falsified subprime loan documents and inflated prices […]

GM Captive to Finance OEM’s 2018 Self-Driving Manhattan Fleet

LAS VEGAS — General Motors Financial Co. will be the commercial lender for General Motors Co.’s new fleet of autonomous Chevrolet Bolts, which will be introduced onto the streets of Manhattan in early 2018, Auto Finance News has learned. The exclusive news came from the captive’s President and Chief Executive Dan Berce during a fireside […]

Maven Aims to Ease Delivery Drivers Into Leasing With Weekly Rental Program

General Motors Co.’s mobility services platform Maven launched a rental product for rideshare and delivery drivers called Maven Gig yesterday, in hopes it will serve as a gateway for consumers to lease vehicles from General Motors Financial Co., Rachel Bhattacharya, GM’s director of commercial mobility and AV fleet operations, told Auto Finance News. “Obviously, if a renter just […]

GMF Offers Direct-to-Consumer Decisions Online

General Motors Financial Co. is focused on improving its “speed to market” in 2017, Will Stacy, senior vice president for digital and technology services, told AFN. “Customer expectations change every six months,” Stacy said. “Now, they expect to be able to ask Alexa, or Google Home: ‘What’s my car loan amount? How much is my […]

Highlights from the New York International Auto Show

As the 2015 New York International Auto show draws to a close, we bring you some of the vehicular highlights that will find their way to the dealership in the near future. Honda’s Civic Revival Stung by criticism of the current-generation Civic (Consumer Reports went so far as to drop the model from its list […]
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  • April 13, 2015
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November Lease Approval Rates Second Highest of Year

Lease credit approval rates were at 85.2% for November, the second highest monthly lease approval rate for the year after August, which saw an approval rate of 85.7%, according to Swapalease.com. Year to date, Swapalease has recorded a lease credit approval rate of 69.7%, the highest since the year began, when the rate was at […]