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P2P Digital Marketplace Targets Florida Expansion, CEO Says

Online buy-sell platform Tred plans to launch in Florida next quarter, on the heels of its February expansion into four Texas cities, said Chief Executive Grant Feek. Though Feek declined to disclose which Florida cities the company is targeting, he noted that Tred typically chooses densely populated areas, like Miami, for example. The company, which […]

Ally to Shore Up Digital F&I Experience Through TRED Partnership

Ally Financial Inc. is focusing on delivering “superior service” and its value proposition to digital dealers through TRED, following the lender’s recent partnership with the online-used car marketplace, Doug Timmerman, president of Ally Insurance, told Auto Finance News. “We are focused on how do we really best deliver on our value proposition — which when […]

Ally Offers Financing on Startup’s Private-Party Platform

Ally Financial Inc. began funding private-party auto loans and offering vehicle service contracts through TRED — an online used-car marketplace — the companies announced in May. The startup is now hoping consumers that apply for financing will be drawn in by convenience, as opposed to lower rates offered by competitors, said Grant Feek, chief executive […]

Digital Buy-Sell Platforms Combat Declining Auction Values

Lenders that need to liquidate repossessions should look to private-party vehicle sale websites, such as Shift Technologies Inc., Blinker, and TRED — in the face of declining recovery values at traditional auctions, said Scott France, president of Loan Portfolio Servicing, an Innovate Auto Finance company. “I service loans for about 20 different clients, and they […]

Ally Offers P2P Financing, Insurance Through TRED

Ally Financial Inc. rolled out financing for peer to peer auto contracts through the TRED platform, and will add vehicle service contracts and guaranteed asset protection (GAP) directly to the online service, the companies announced in a joint press release today. The lender began offering financing in April, and plans to add the insurance products this […]