American Financial Services Association general counsel Philip Bohi recently submitted a comment letter in response to the Consumer Financial Protection Bureau’s advance notice of proposed rulemaking (ANPR) on supervision of vehicle finance companies. AFSA recapped that the CFPB is allowed to impose supervision on non-bank companies that are larger participants in a market for a […] [Read More]

America’s Group is wading further into the Gulf Coast. The auto auction group said Monday it has acquired Lake Charles Auto Auction, a Louisiana business which has served dealers in the region since 1991. The auction, founded by Mike Pedersen, has featured more than 530,400 consigned vehicles and sold more than 291,000. It has more […] [Read More]

Montway Auto Transport has introduced a new pricing model for retail customers. The Montway TruePrice Guarantee provides a fixed, guaranteed price for 30 days, which the company said is designed to protect customers against deceptive bait-and-switch pricing practices. In a news release, Montway said the 30-day price guarantee allows customers to ship vehicles with confidence […] [Read More]

Data and technology services provider Acxiom has joined forces with automotive shopper identification platform Client Command in a partnership designed to help the auto industry connect with in-market buyers at the right time, in the right way. The collaboration gives Acxiom access to Client Command’s patented Active Shopper Network platform, which the companies said allows […] [Read More]

Andy Mayers sees opportunity in subprime and other parts of auto finance. The associate vice president of business operations for retail solutions with Cox Automotive explained his reasons during this episode of the Auto Remarketing Podcast. Mayers also mentioned another part of the business where dealers and lenders are working even closer together nowadays. Listen […] [Read More]

Sometimes a vehicle’s paint needs a touchup. That’s what Protective Asset Protection did with one of its F&I offerings. This week, Protection Asset Protection refreshed its paint and fabric product, which is now called Appearance Protection The company highlighted this program offers a full spectrum of interior and exterior protection solutions, now including standard, ceramic, […] [Read More]

While reiterating that it has finalized its acquisition of the auto finance division of Crescent Bank, Arra Finance also announced this week that it has increased its funding capital sources. With the completion of these key business developments, Arra Finance said it has taken “a major step forward as a significant player in the subprime […] [Read More]

In this installment of Auto Remarketing’s 40 Under 40 franchise, we feature the 2025 honorees in the “40 Under 40: Industry” program, which is sponsored by IAA and focuses on consignors, auctions, auto finance, vendors, tech companies, associations and other players within the used-car space. Honorees will be recognized in the October issue of Auto Remarketing and […] [Read More]

Big Time Advertising founder and CEO Terry MacCauley recently discussed two of the most sensitive topics dealers can ever tackle. Politics and social media. “In today’s digital-first world, your social media presence is part of your brand, whether you like it or not,” MacCauley said in an industry message. “That includes both your dealership and […] [Read More]

Edmunds reported the number of consumers who committed to a monthly payment of $1,000 or more when financing a used or new vehicle during the third quarter continues to be high, with a new record surfacing among used vehicles. According to the latest analysis from Edmunds released on Wednesday, the share of buyers committing to […] [Read More]