TD Auto Aims to Resolve Customer Payments in Wake of Dealership Chain’s Bankruptcy

TD Auto Finance has worked up a plan to help borrowers negatively affected by the Reagor Dykes Auto Group bankruptcy case, according to court documents filed earlier this month. Consumers who obtained vehicles through the Lubbock, Texas-based dealership chain, which filed for Chapter 11 bankruptcy protection in August, were unable to properly register their new […]

BBVA, NMAC, TD Bank, Wells Fargo See Tech as Top Priority for 2019

LAS VEGAS — Digital transformation and changing consumer communication trends will be top priorities for four of the nation’s largest lenders in 2019, according to an exclusive Auto Finance News survey of the resource-allocation plans among the companies’ senior executives. Results from the survey of BBVA Compass, Nissan Motor Acceptance Corp., TD Bank, and Wells […]

NMAC, BBVA Compass, TD Auto Execs Join Auto Finance Summit Speaker Faculty

Senior executives from three of the nation’s largest financiers — Nissan Motor Acceptance Corp., BBVA Compass, and TD Auto Finance — will offer a strategic evaluation of market conditions during the “Executive Dialogue” session at the 2018 Auto Finance Summit. The discussion will take place on the second day of the summit — Thursday, Oct. […]

Dealers Prioritize Lender Communication, J.D. Power Survey Finds

As interest rates rise, dealer satisfaction with their lender partners is increasingly reliant on quick and meaningful communication with credit staff, according to the 2018 J.D. Power Dealer Financing Satisfaction Survey released this week. “Satisfaction declines by 163 points, on a 1,000-point scale, when dealers are not able to reach the credit staff,” Jim Houston, […]

TD Eyes Consumer App Following Launch of Dealer Portal

TD Auto Finance is exploring a number of fintech opportunities and a consumer app, President and Chief Executive Andrew Stuart told Auto Finance News.  Specifically, TD Auto plans to build out its digital efforts, on the heels of an AutoGravity partnership that thrust the lender into the online origination space back in March. “Our challenge […]

TD Auto Expands Floorplan Program as Dealer Inventories Rise

TD Auto Finance has rolled out floorplan offerings nationwide as it seeks to get ahead of the curve of rising inventories and, subsequently, a need for boosted credit lines, said Ann Kline, the bank’s senior vice president and head of dealer commercial services. “A lot of it has to do with the fact that we […]

TD Auto Finance Expands Floorplanning Nationwide

TD Auto Finance is expanding its commercial floorplan business nationwide and aligning the program more closely with its indirect model, the company announced today. The expansion will take the program across the continental U.S., rather than just the east coast and midwest, where the company currently operates. No timetable for the expansion was given. “Dealer […]

TD Auto Seeks Further Digital Expansion With AutoGravity Partnership

TD Auto Finance jumped into the online origination space on Monday through a partnership with AutoGravity, but this is just the beginning of its digital efforts, Chris Howard, TD Auto Finance’s head of U.S. product, told Auto Finance News. “As we look at the space, it’s certainly exciting to announce this partnership with AutoGravity and […]
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