DETROIT, Feb. 13, 2018 -- Ally's SmartAuction today announced that it has entered into an agreement with Nissan Motor Acceptance Corporation (NMAC) and INFINITI Financial Services (IFS) to list off-lease Nissan and INFINITI vehicles for sale on its online wholesale auction platform.
"We're thrilled to work with NMAC and IFS to make Nissan and INFINITI vehicles available on SmartAuction nationally," said Steve Kapusta, vice president, specialized asset management for Ally. "After a successful pilot last year, we're excited to be a part of their remarketing strategy."
Under the agreement, NMAC and IFS vehicles are available on SmartAuction starting today. SmartAuction provides dealers' access to NMAC and IFS off-lease vehicles before they are shipped to a physical auction. The models are listed on SmartAuction immediately after they have been made available to Nissan and INFINITI dealers.
All dealers who are registered on SmartAuction can bid on the NMAC and IFS vehicles. All purchases are backed by SmartAuction's comprehensive arbitration policy. With over 30,000 vehicles available daily, SmartAuction is an industry-leading online auction that offers access to a virtual inventory of wholesale vehicles for eligible dealers of all brands.
About Ally Financial Inc.
Ally Financial Inc. (NYSE: ALLY) is a leading digital financial services company with assets of $167.1 billion as of December 31, 2017. As a client-centric company with passionate customer service and innovative financial solutions, Ally is relentlessly focused on "Doing it Right" and being a trusted financial partner for its consumer, commercial, and corporate customers. Ally's award-winning online bank (Ally Bank, Member FDIC and Equal Housing Lender) offers mortgage-lending services and a variety of deposit and other banking products, including CDs, online savings, money market and checking accounts, and IRA products. Ally also promotes the Ally CashBack Credit Card. Additionally, Ally offers securities brokerage and investment advisory services through Ally Invest. Ally remains one of the largest full-service auto finance operations in the country with a complementary auto-focused insurance business, which together serve more than 18,000 dealer customers and millions of auto consumers. Ally's robust corporate finance business offers capital for equity sponsors and middle-market companies.
For more information and disclosures about Ally, visit https://www.ally.com/#disclosures.
Ally Financial Inc.