Perhaps reinforcing an outline shared during the director’s public appearance just a few days earlier, the Consumer Financial Protection Bureau this week announced changes to policies regarding civil investigative demands (CIDs). The regulator said the actions are designed to ensure CIDs provide more information about the potentially wrongful conduct under investigation.  Consistent with the updated […] [Read More]

Have you ever heard of someone winning a deal and losing a customer at the same time? Winning a trade today is great, but the business of selling cars and getting great trades is quickly becoming more competitive. So how can you create a trade-in process that not only wins deals today, but makes that […] [Read More]

A giant in the rental-car space is now jumping into the vehicle subscription game, too. Enterprise Holdings, parent company to the Enterprise Rent-A-Car, National Car Rental and Alamo Rent A Car brands, is launching what it says is the first subscription service offered by the U.S. car-rental industry. The debut of this service is expected […] [Read More]

“A world where all cars are shared.” That is the vision of car-sharing company, Getaround. The company rents cars by the hour, or the day, with insurance and roadside assistance included. The company is now expanding on that vision with an acquisition that it says combines strengths of both companies to form a global transportation […] [Read More]

This week included a pair of significant, technologically driven moves by the Blue Oval to capitalize on possibilities for electric vehicles as well as cloud connectivity. On Wednesday, Rivian announced an equity investment of $500 million from Ford. In addition to the investment, the companies have agreed to work together to develop an all-new, next-generation […] [Read More]

Wantalease.com noticed Ford reversed many of the “generous discounts” on vehicle leases the Blue Oval offered in March by increasing monthly payments in April. According to analysis shared on Wednesday, site officials noticed the Ford Fusion, Taurus, Escape, Explorer and Expedition all experienced price hikes this month. Wantalease reported the Fusion had the highest increase at […] [Read More]

EY describes its Entrepreneur of the Year award as “the world’s most prestigious business awards program for entrepreneurs.” EY started the award 33 years ago, and says it is now recognized globally. It honors “the most outstanding entrepreneurs who inspire others with their vision, leadership and achievement.” For 2019, EY announced that CarLotz co-founders Michael […] [Read More]

GM Financial values its auction partners, and Brad Bollman — who is the GM Financial senior vice president of remarketing solutions for North America — said in a news release that those auctions support his company’s remarketing objectives “day in and day out.” GM Financial’s recent honors for five regional 2018 Auction of the Year […] [Read More]

With the momentum that has lifted the banking sector’s performance over the first half of the decade slowing in major markets — perhaps even auto financing — Boston Consulting Group (BCG) says banks must leverage digital technology to battle disruption and stem the threat of disintermediation brought on by fast-moving, newer entrants. If banks stand […] [Read More]

Along with sharing details about a new affiliate benefit program, Digital Recognition Network (DRN) handed out its annual awards to companies that have demonstrated excellence in the repossession industry. During an appreciation dinner in conjunction with the 2019 North American Repossessors Summit, DRN highlighted that two affiliates tied for the National Affiliate of the Year […] [Read More]