Trading Places, from F&I Showroom.
Ally Financial and GM Financial are both entering new phases in their evolution, and the moves they’re making were on display at NADA 2015.
It was a tale of two conventions for Ally and GM Financial at the National Automobile Dealers Association’s annual get-together in January. While Ally cut what may be the last remaining link to its General Motor Acceptance Corp. roots, GM Financial touted its latest moves to fill the role Ally once held as GM’s captive finance arm.
Inside the south hall of San Francisco’s Moscone Center, Ally executives previewed a new vehicle service contract (VSC) called Ally Premiere Protection (APP), as well as a new administration platform that will allow dealers to electronically contract, rate and remit the new offering.
Doug Timmerman, president of Ally Insurance, described the new VSC as an enhanced version of the company’s General Motors Protection Plan (GMPP), a brand name the former captive will lose rights to in November 2016. He said Ally is getting ahead of that deadline to make clear its products and services are available to dealers representing all brands.