General Motors to Shut Down Cadillac Subscription Service by Yearend

General Motors Co. is reportedly hitting the pause button on its vehicle-subscription service, Book by Cadillac after launching nearly two years ago in Los Angeles, Dallas, and New York. A GM spokesman confirmed the OEM plans to shut down the service by yearend, the Wall Street Journal reported. However, there is still a chance that […]

Toyota Seeks Personalization, Transparency With New Lexus Bundled Lease

LAS VEGAS — Personalization and transparency are top priorities in Toyota Finance Services‘ Lexus Complete Lease program, slated to launch in the first quarter of 2019. The program is one of nearly half a dozen pilot programs the OEM has launched, including Flexible Lease through Uber, Car Sharing pilot in partnership with Get Around, and short-term lease pilot […]

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. […]

100K Users Expected to Join Car Subscriptions by Yearend

Car subscription programs — which allow for an alternative “third wave of ownership” that differs from traditional financing and leasing — are expected to support 100,000 to 150,000 cars in service by yearend through various OEM pilot programs, said Kimberly Henderson, assistant vice president of strategy for the marketing agency Ansira. The agency works with […]