With the Consumer Financial Protection Bureau intensifying its regulatory aim at the auto finance industry, Recovery Database Network (RDN) is launching a new technology product called VendorVision, which aims to help lenders efficiently and transparently manage third-party vendor compliance. RDN highlighted VendorVision is a secure, Web-based compliance management platform. Organizations can define their compliance standards, […] [Read More]

Lobbying efforts by organizations such as the National Automobile Dealers Association prevented dealerships from being directly regulated by the Consumer Financial Protection Bureau when it was formed four years ago. But Automotive Compliance Consultants general counsel David Missimer explained how the CFPB’s latest moves could greatly influence how stores operate — especially in the F&I […] [Read More]

For those of our readers who participated in the remarketing of off-lease vehicles in the late 1980s and early 1990s, you will remember the scenario. Vehicle manufacturers, through their captive finance companies, in a effort to keep the factories running at full capacity, and with a goal of maintaining and gaining market share, offered aggressive […] [Read More]

If you need an extra push to move compact SUVs, here’s one selling point that may help: they hold their value tremendously well. That was one of several reasons mentioned in a new series from senior analyst Jessica Caldwell and the team at Edmunds.com explaining why this segment’s growth has been so rapid — and […] [Read More]

The new-car leasing market has swarmed back in recent years and is arguably as strong as it has ever been. And while there isn’t nearly as much industry discussion, data or consumer options when it comes to the pre-owned side of leasing, numbers shared Friday with Auto Remarketing shed some light on how the used-car […] [Read More]

Does used-car leasing, particularly in the certified pre-owned space, make sense? At least one industry leader connected to the leasing side of business is saying yes — as long as it is done correctly. Around the time of the recession, many shied away from leasing, particularly on the used-car side. Meanwhile, new-car leasing has roared backed. […] [Read More]

Swapalease.com noticed consumers are looking for a specific kind of lease to assume — truck leases with less than eight months remaining on the contract. Site officials believe this trend is developing because lessees in certain trucks still hold a positive equity position with a few months left in the term. Swapalease said that compact SUVs […] [Read More]

The pool of vehicles in the U.S. is getting larger. As of June 30, there were more than 249 million cars on American roads — and the average age of these vehicles inched up from where it was a year ago. That’s according to the latest Experian Automotive Quarterly Briefing released this week, which dissected […] [Read More]

MBSi Capital Corp. acknowledged that interpreting compliance is not simple, especially when it comes to repossessions and recovery. The company compared it to trying to assemble a product from IKEA without directions. While agreeing on a single, completely comprehensive definition of compliance can be an elusive goal, MBSi Capital insisted repossession agents who show they […] [Read More]

On Tuesday, ADESA promoted Zach Hallowell to president of its subsidiary, Recovery Database Network (RDN). The company indicated Todd Hodnett, who most recently served as RDN’s president, is leaving RDN to pursue another business venture. However, Hodnett will remain in an advisory capacity for RDN through the end of the year. Hallowell joined RDN as […] [Read More]