It’s been a busy week. Donald Trump claimed victory in his bid to return to the White House on Tuesday, and the Federal Reserve cut interest rates again on Thursday. Those developments might not directly impact the vehicles your dealership turns and your finance company underwrites in the immediate future. But experts from inside and […] [Read More]

Five economic factors combined in pushing bankruptcy filings higher again, as the streak of increases now stands at 27 months in a row. According to data provided by Epiq AACER on Tuesday, total bankruptcy filings came in at 47,104 in October, representing a 16% increase from last October’s total of 40,674. Analysts reported individual bankruptcy […] [Read More]

McConkey Auction Group has had its sights set on Portland for some time. Now it’s taking the next step. In a letter from president and CEO Bob McConkey posted on the MAG website, the company announced it will open a new brick-and-mortar auction in Portland, Ore. In the letter, McConkey said MAG is “expanding our […] [Read More]

The Consumer Financial Protection Bureau got to experience what it’s like to go through an examination. The Office of Inspector General (OIG) within the Federal Reserve recently released findings and recommendations of its 2024 audit of the CFPB’s information security program. OIG officials said the CFPB’s information security program continues to operate effectively at a […] [Read More]

Every segment of the Canadian used wholesale vehicle market was down for the week ending Nov. 2. Except one. And that one went through the roof. Canadian Black Book’s weekly Market Insights showed the average wholesale price of full-size pickup trucks soared $399 — a massive 1.18% increase for the week. That was the largest […] [Read More]

ServNet has expanded in the Southeast. The group of independently owned auctions said Wednesday that Central Arkansas Auto Auction has joined its network, which now includes 22 auctions. Cole Hooten is managing partner at the auction, which is based in Beebe, Ark. “We’re so thrilled to have Central Arkansas join ServNet. Cole and his team […] [Read More]

Car Wars, a provider of artificial intelligence-powered phone call management and call analytics, has integrated with customer data platform Fullpath in a partnership designed to give dealerships the ability to identify and connect with high-value customers — specifically those with positive equity who have not yet received a phone call. The integration incorporates Fullpath’s CDP […] [Read More]

Lyft has taken steps toward its plan to incorporate autonomous vehicles into its operations. Three of them, to be exact. The rideshare provider announced three partnerships designed to connect consumers with AV rides through the Lyft app in the near future. A partnership with Mobileye, a producer of self-driving technology and advanced driver assistance systems, […] [Read More]

Qvale Auto Group is down to its last two dealerships with the sale of two stores in the Tampa, Fla., area. According to The Presidio Group, which advised the seller in the transaction, Atlantic Coast Automotive, a large dealership group that operates some 90 dealership locations in Florida, Maryland, Pennsylvania, Virginia and New York, has […] [Read More]

The American Recovery Association is still collecting nominations for nine industry awards that will be given at the 2025 North American Repossessors Summit. ARA will gather nominations through Friday for the accolades to be announced during the event that’s on tap for April 23-25 in Orlando, Fla. Nominations are being sought for: Agent of the […] [Read More]