Tag Archive | "TD Auto Finance"

TD Auto Finance Commercial Services Announces National Expansion


CHERRY HILL, N.J. — TD Auto Finance today announced the national expansion of TDAF Commercial Services, which leverages TD Bank N.A. to provide floorplan financing and commercial lines of credit to automotive dealerships.

“We are incredibly excited to continue growing our commercial business,” said TDAF President and CEO Andrew Stuart. “This decision signifies TD’s strong commitment to the auto space and our desire to offer a full suite of products and commercial lending to our dealer network across the U.S.”

TDAF first began offering commercial loan products in June 2011, primarily in the East Coast, and has since expanded into the Midwest. This move extends TDAF’s commercial services footprint throughout the continental United States to more closely align with TDAF’s current indirect retail model.

“Dealer principals are looking for lenders who understand the full range of their business needs. The commercial loan products are an integral piece of a dealership’s operations,” said Anne Kline, Head of TDAF Commercial Services. “Our Dealer Relationship Managers have a deep knowledge of all facets of automotive finance and we are eager to bring this expertise to our expanded footprint.”

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TD Auto Finance Joins AutoGravity Network


CHERRY HILL, N.J. — TD Auto Finance (TDAF), a subsidiary of TD Bank, is the latest auto finance source to join AutoGravity’s car-shopping and financing platform, the two companies announced this week.

Through the newly forged partnership, indirect financing offers through TDAF will be made available to qualified auto buyers using AutoGravity’s digital platform, which allows consumers to search for and finance their next vehicle from their desktop or mobile device.

“We realize the impact that cutting-edge technology will have for our current and prospective dealer partners,” said Andrew Stuart, president and CEO of TD Auto Finance U.S. “Given consumers’ desire for digital options, our partnership with AutoGravity positions us to reach car buyers right on their smartphones and will help to drive the next wave of innovation in our industry.”

According to AutoGravity, more than one million users, a majority of whom as millennials, have downloaded AutoGravity’s native iOS and Android apps and collectively requested more than $2 billion in vehicle financing in 2017. Recognizing the popularity of comprehensive digital options in auto financing today, TDAF will utilize AutoGravity technology to further its reach to this set of consumers.

The AutoGravity app connects ready-to-buy car shoppers with lenders and dealerships through a seamless digital platform. Consumers can choose any new or used car, browse local inventory, apply for financing and select from up to four personalized indirect auto finance offers. Consumers can then take their chosen offer to the dealership to purchase the vehicle they selected.

“AutoGravity is reinventing the car-buying and financing journey with game-changing technology that effortlessly connects consumers, dealers and lenders,” said AutoGravity founder and CEO Andy Hinrichs. “Our partnership with TDAF reinforces our commitment to empower car buyers with finance options from the most trusted lenders in the industry — lenders that embrace technology to offer a new level of service to digitally savvy car buyers and dealerships alike.”

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IAS Names New Regional Sales Manager


AUSTIN – IAS, a leading provider of F&I solutions to automobile dealerships, today announced the addition of Sean Dawson as a Regional Sales Manager. In his role, Sean will work with the company’s nationwide network of General Agents to apply his strategic business knowledge and dealership experience to help them grow their business.

Prior to joining IAS, Sean sharpened his aftermarket experience at PermaPlate where he served as an Account Representative working with large dealer groups providing; F&I menu training, product training, sales demonstrations, product inventory and application certification. Prior to PermaPlate, Sean served as a Dealer Relations Manager for TD Auto Finance where he assisted dealers in the application, approval and funding of their consumer automotive loans.

Sean began his career in the automotive industry as an Internet Sales Manager for an AutoNation dealership in Denver, CO. After proving himself as a salesman, Sean was quickly promoted to F&I where he served the majority of his time with AutoNation.

Before entering the automotive industry, Sean earned his Bachelor’s Degree from the University of Wyoming in Business Administration and has recently completed his MBA in Strategic Management from Regis University. Sean and his wife Jennifer reside in Georgetown, Texas where they enjoy spending time with their two daughters showing Quarter horses and experiencing everything central Texas has to offer.

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NADA Presents Five ‘Best in Show’ Awards to Convention Exhibitors in New Orleans


McLean, Va. – The National Automobile Dealers Association (NADA) presented five “Best in Show” awards to companies that exhibited at the 2014 NADA and American Truck Dealers (ATD) Convention & Expo in New Orleans.

The first annual “Best in Show” awards, which are categorized by exhibit size, recognize companies for excellence in design and construction, including the use of innovative materials and creativity in color, lighting and attractions. The exhibits were also evaluated on branding, company imagery, messaging and incorporating the theme of the NADA convention.

Here are the 2014 “Best in Show” winners:

  • Cree Inc. – Best Linear Booth (100 to 400 square feet);
  • Chrome Data Solutions – Best Small Island Booth (400 to 1,000 square feet);
  • TD Auto Finance – Best Medium Island Booth (1,000 to 2,000 square feet);
  • Reynolds & Reynolds – Best Large Island Booth (2,000 square feet and above); and
  • Procede Software – ATD “Best in Show” award.

“It was an honor to present the first ever ‘Best in Show’ awards to this year’s exhibitors,” said Donovan Bertsch, chairman of NADA’s convention committee for 2015, and owner of Theel Inc., Chevrolet and Buick in Bottineau, N.D., who announced the winners on Jan. 27. “This award recognizes the dedication, creativity and significant investment that our convention exhibitors make each year to support the work of NADA and ATD on behalf of dealers.”

There were 566 companies exhibiting at the 2014 NADA and ATD convention, which occupied 700,000 square feet on the Expo floor at the convention center in New Orleans from Jan. 24-27. The winners were determined by officials from NADA and Freeman, a provider of integrated services for face-to-face marketing, specializing in convention and trade show management.

The “Best in Show” awards were a direct result of NADA’s annual Wheelhouse Innovation Sessions, which is hosted by Freeman, and includes a cross-section of exhibitors for a roundtable discussion that explores new ways to make the convention and expo more valuable and relevant to all participants, said Connie Mikels, NADA director of Expositions.

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TD Auto Finance Officially Open for Business, Signing Dealers


FARMINGTON HILLS — With executives and employees on hand at the former Detroit-area home of Chrysler Financial, TD Auto Finance announced on June 10 that it’s open for business.

The new company was formed after the April acquisition of Chrysler Financial by Toronto-based TD Bank Group, which added its existing auto loan business to the former captive’s portfolio, reported F&I and Showroom.

“It’s great to be here in Chrysler Financial’s hometown of Farmington Hills to announce our exciting new TD Auto Finance brand, which represents both the financial stability and renowned customer service of TD and the deep experience and partnerships of the former Chrysler Financial,” said Thomas F. Gilman, president and CEO of TD Auto Finance.

Sources close to the company said that TD Auto Finance has signed 6,200 U.S. dealers since December. Half of those are new relationships for the former captive, and about 22 percent are Chrysler dealers. The focus of the initial lending program will be on prime buyers, with no specific timeline for adding subprime, nearprime, leasing and floorplan financing programs.

“TD Auto Finance is off to a strong start, with thousands of new dealers signed up both in Canada and the United States since December and many more poised to come aboard,” Gilman said. “Dealer and customer feedback for our products and programs has already been overwhelmingly positive.”

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