Stress-testing has had a profound effect on risk management practices within banks. In the wake of the global financial crisis, regulators around the world instituted policies designed to substantially remove the possibility of large-scale bank failures.  Capital reserves at banks have been appreciably raised, and regulators are applying a considerably greater amount of scrutiny to […] [Read More]

With leasing extremely popular with consumers and certified pre-owned models turning at a record pace, a marriage between the two markets came into the conversation again when American International Automobile Dealers Association hosted a webinar on Tuesday, reviewing this year and looking ahead to 2016. As two of the event’s experts took turns touting the […] [Read More]

Millennium Capital and Recovery Corp. recently completed a move into a new state-of-the-art corporate headquarters that can accommodate the company’s growth and meet the current and future needs of its clients. As part of the relocation to its new facility located at 95 Executive Parkway in Hudson, Ohio, Millennium also invested in upgraded technology and […] [Read More]

In light of a variety of new ways emerging to buy vehicles nowadays — not just through a dealership or private-party transaction — the Federal Trade Commission announced on Monday that it will host a one-day workshop. FTC officials explained the event set for Jan. 19 is being designed to explore competition and related issues […] [Read More]

On the final page of its Q3 2015 Used Vehicle Market Report, Edmunds.com provides a pair of graphs that give a glimpse of the future in store for used-car inventory. The second of those graphs shows the combined OEM sales to rental fleets and leases in each of the five years prior to 2015. As you […] [Read More]

Whew, what a day.  Several announcements were made Thursday regarding new and ongoing issues related to three different automakers — and they were quite substantial. These evolving matters include an update on Volkswagen’s diesel situation, the final report on General Motors’ ignition switch compensations to those affected, and a civil penalty brought against Fiat Chrysler Automobiles […] [Read More]

While Volkswagen has been facing NOx-emission-related issues in North America for its diesel vehicles, the company has also been handling a CO2-emission-related issue in Europe. Wednesday, the company says that issue is “largely concluded.” Questions arose from the German government’s Federal Motor Transport Authority a month ago estimating that approximately 800,000 vehicles manufactured by VW’s […] [Read More]

High-end electronics, jewelry and apparel evidently aren’t the only popular gift choices consumers with the financial wherewithal to make such a purchase are selecting during the holiday shopping season. Perhaps piggybacking off of those OEM advertisements showcasing the shiny high-line vehicle in the driveway with the big red bow attached, Experian Automotive discovered more than […] [Read More]

Volkswagen has been fitting devices to diesel cars to enable them to pass emissions tests. The view of automotive engineers — a group to which I most certainly do not belong — is that when the problem is “fixed” the vehicles will run terribly. But if owners attempt to ignore the issue, their cars will […] [Read More]

The fact that consumers might pay different prices for the same cars based on their gender may seem a bit wonky, but according to consumer lease marketplace Swapalease.com, the data shows this assertion might just be true in some cases. But the data might not shake out how one might expect if you’re going by […] [Read More]