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.”
More Industry
Charger Network Growth Slows
Despite a projected increase in public EV chargers in 2026, charging infrastructure remains a top concern for consumers as the gap between the most and least EV-friendly places remains substantial.
Read More →
Lenders, Consumers Take on More Auto Loan Risk
September records loosened credit access the most in over a decade as buyers took advantage of the conditions to afford trading, though loan applications fell.
Read More →
Next-Gen Hybrids in Sight
Dealerships can expect to see revamped hybrids from Honda next year as the company rolls out a new system and model lineup.
Read More →
Gem State Stores Change Hands
A larger auto group founded in the industry’s early years sold two franchises to a neighbor group that's on a growth spurt.
Read More →
Charging In Motion
Honda has been researching wireless in-motion charging for electric vehicles since 2025, and new technology developments have put it a step closer to a final product.
Read More →
Twin Cities Stores Sell
Minnesota-based Walser Automotive Group made what it called the most significant acquisition in its history with a three-rooftop deal in Minneapolis.
Read More →
U.S. Auto Sales Still Below Prepandemic Levels
Mobility Global industry observers don’t expect the market to return to the higher volumes that became routine before Covid but to stay well below its potential.
Read More →
The Powertrain Shift
Electric-vehicle owners are backpedaling, according to new data, with product availability driving many to shift back to gas-powered engines.
Read More →
Achromatic Autos
The shades that dominate the U.S. car market don’t call attention to themselves, though grayscale may have plateaued after a 30-year upswing, research shows.
Read More →
Used-Vehicle Affordability Worsens
Listing prices in August defied seasonal trends, rising above $27,000 for the second time this year.
Read More →