Ally Financial Named Preferred Provider for VPG
The Vehicle Production Group LLC (VPG) selected Ally Financial as the preferred financing provider for its vehicles in the U.S. According to a press release, Ally Financial will offer wholesale financing, floorplan insurance and remarketing services for VPG dealers, as well as retail financing for their customers.
VPG introduced the MV-1 mobility vehicle in September 2011. It is the first factory-built mobility vehicle that is compliant with American Disabilities Act guidelines, designed and engineered for efficient wheelchair accessibility. The MV-1 is assembled by AM General LLC in Mishawaka, Ind., and is offered in several models, including a factory-direct compressed natural gas (CNG) fueling system.
VPG and Ally have entered into a multi-year agreement for the preferred provider financing relationship.
Mark Manzo, vice president of Alliance Sales at Ally Financial, said: “We are proud to add The Vehicle Production Group to our list of preferred clients. Our underwriting team stands ready to support MV-1 sales. The relationship with VPG will enable us to serve the growing population in need of mobility vehicles.”
According to the U.S. Census Bureau, 3.3 million people in the U.S. age 15 years and older used a wheelchair in 2010.
In the U.S., Ally Financial is currently the preferred financing provider for General Motors, Chrysler, Fiat, Maserati and Saab vehicles and Thor Industries Inc. The company finances both new and used vehicles, as well as offering insurance products and remarketing services for auto and RV dealers.