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Dealers Negotiate Lease Prices in New Lexus Program

Toyota Financial Services is piloting its Lexus Complete Lease program with 80 dealerships in seven states, though the timing for a national rollout is still undecided, Joanna Dean, general manager for finance products at TFS, told Auto Finance News. “[TFS] will continuously evaluate the success of the program and decide on the expansion into additional […]

New Toyota Financial CIO Prepares for Future of Mobility Services

Toyota Financial Services’ newly appointed Group Vice President and Chief Information Officer Vipin Gupta seeks to usher in a future of mobility services to the captive, he told Auto Finance News. He said TFS will drive innovation by focusing on three strategic objectives: agility, digital experiences, and using data and analytics to deliver new services. […]

Toyota, VW Leapfrog into Rideshare with Uber, Gett Partnerships

Toyota Motor Corp. and Volkswagen Group are jumping into the rideshare game with strategic investments, the companies announced today. Through a collaboration with Uber, Toyota Financial Services will launch a new leasing program as part of a broader initiative to boost its mobility efforts. Volkswagen, meanwhile, will invest $300 million in global ride-hailing provider Gett. […]

Toyota Sales Rise, But Demand For Prius Falls

Toyota Motor Corp. sales were up 3% in June, thanks to a rise in volume for both Toyota and Lexus vehicle sales. Corollas were up 17% with 30,945 units sold in June, and Camry sales were up 17% with 40,664 units sold, making it the top-selling Toyota car of the year so far. But despite […]