AutoNation has been pleased with how DigniFi helps customers in its service drive who might be stretched financially but still need their vehicles repaired. And evidently, the investment world likes what it sees from the financing platform for auto repairs and services. On Tuesday, DigniFi announced that it has raised $14 million in Series A […] [Read More]

The Consumer Financial Protection Bureau is venturing into the fintech space with its newest project, acknowledging many federal consumer financial laws were written prior to the digital age This week, the bureau announced the Tech Sprint series that aims to reduce regulatory burden and improve consumer understanding and engagement of financial services and products. The […] [Read More]

RISC said it understands the COVID-19 pandemic continues to keep the collateral recovery industry from getting back to any kind of normalcy. In light of the challenges that repossession agencies are going through, RISC recently decided to extend its fee waiver for RISC Pro Membership, including CARS Certification Training for the fourth straight month. The […] [Read More]

With the new July 15 federal tax filing deadline fast approaching, the 2020 tax season has been anything but typical. This has added yet another disruptive layer to the developments that have buffeted the used auto market across the country. Billions of undistributed dollars remain on the IRS balance sheet, throwing into flux our ability […] [Read More]

Supplies and incentives are running a bit short in the new-car market. And for cost-conscious shoppers, certified pre-owned may prove to be an attractive alternative, according to an analysis from Edmunds. When June started, new-vehicle inventory levels were only two-thirds of what they were a year ago, Edmunds said, thanks to the impact of factory […] [Read More]

Two members of the Dealers Auto Auction Group are expanding, including one auction that is building a brand-new facility. The group announced that Dealers Auto Auction of Memphis is building an all-new, six-lane facility on 100 acres in Eads, Tenn., while Dealers Auto Auction of Mobile is adding more acreage, offices and lanes to its […] [Read More]

Two well-known names within the used-vehicle space — Mike Stanton and Tim West — each recently were given industry accolades for their service. West received the Ed Bobit Industry Icon Award, and the National Auto Auction Association named Stanton as its newest Warren Young Fellow. For West, Black Book’s longtime vice president of North American […] [Read More]

The Blue Oval is providing a safety net for individuals who are considering a certified pre-owned vehicle, as well as a used or new model, and financing the deal through its captive. In light of the unsettled economy impacted by COVID-19, Ford on Monday announced a program dubbed Ford Promise that gives consumers the option […] [Read More]

Tricolor is looking to shore up its endeavors to meet state and federal regulatory standards by hiring a chief compliance officer. On Tuesday, the used-vehicle retailer with locations in California and Texas focusing on the sale and financing of vehicles to Hispanic customers announced that has it named veteran compliance executive Stacie Trier to this […] [Read More]

More reaction rolled in stemming from Monday’s Supreme Court decision involving the Consumer Financial Protection Bureau. While some legal experts are pondering long-term ramifications of the decision, nearly half of the attorneys general in the U.S. celebrated because the Supreme Court also agreed with the argument made in a multistate amicus brief connected to how […] [Read More]