THE agency sales model adopted by OEMs including Honda and Mercedes-Benz should not be dismissed by dealers as it presents opportunities and benefits that potentially outweigh traditional dealership models, said Allied Credit’s chief partnerships officer, Barnaby Turner. Mr Turner said that while some dealers were concerned about the agency system, there were possible advantages. […]
Fast-growing Allied Credit has appointed long standing auto finance industry professional David Hannah as Chief Risk Officer. Mr Hannah has a strong background in independent and captive automotive finance, broker asset finance aggregation and automotive distribution, after starting his business career in the accountancy profession. He comes to Allied Credit from ASX-listed McMillan Shakespeare […]
ALLIED Credit is drawing on the expertise of its new leadership team, including a new head of sales distribution, following the company’s expansion of its car finance business. This expansion includes the recent purchase of the Macquarie Bank dealer floorplan book that is valued between $600 to $700 million and enabled Allied Credit to […]
AS DEALERS continue to take orders well in excess of their ability to supply cars and retailers continue to earn all-time record profits from the shortage of new and used car stock, the CEO of Allied Credit is suggesting industry players start factoring overseas economic trends into their business plans. Jon Moodie told GoAutoNews Premium […]
ALLIED Credit has appointed experienced automotive finance and business specialist Jim Giles as head of alliances and acquisitions. Mr Giles comes to Allied Credit with 22 years experience at ANZ and Esanda, where he was responsible for the broad business with roles in automotive and lending fields including business initiatives and implementation, asset finance, commercial […]
ALLIED Credit cut its teeth in the relatively challenging world of funding motorcycles, ATVs, and leisure assets such as trailer boats, jet skis and caravans. The company has now embarked on a path to becoming one of the leading auto finance players in Australia. There can be no bigger indicator of its lofty intentions than […]
ALLIED Credit is gearing up for major growth in the Australian auto finance market following a recent investment by Bain Capital. The investment, the amount of which was not stated, was made through Bain Capital’s $US49 billion Bain Capital Credit arm. It secures a 20 per cent slice of Allied Credit and a place at […]