Please excuse comparisons back to the pandemic, but it’s the reference point LegalShield used to explain its latest research findings about consumer finances and bankruptcy. LegalShield reported on Wednesday that bankruptcy inquiries surged in the first quarter to their highest level since early 2020, signaling a potential summer spike of filings. Researchers said the legal […] [Read More]

Edmunds is playing the name game again, with another sports-themed ad campaign focused on a similarly named player. The car-shopping platform has teamed with the World Series champion Los Angeles Dodgers, and more specifically with their postseason star, Tommy Edman, in its latest campaign aimed at sports fans. Edmunds said the partnership was inspired by […] [Read More]

One of Lithia & Driveway’s top executives is moving on — and going back to his roots. Executive vice president and chief operating officer Adam Chamberlain, who joined LAD in 2022 and was promoted to COO last summer, will take over as CEO of Mercedes-Benz USA, effective July 1. Mercedes said Chamberlain will also serve […] [Read More]

iSeeCars is seeing something it hasn’t seen in more than two years: rising used-car prices. The automotive search engine and research website said its latest study showed the average used-vehicle listing price in March was up 1% from March 2024, the first year-over-year increase since October 2022. The study was based on iSeeCars’ analysis of […] [Read More]

Axis Auto Finance has already gone out of business, but dissolving the company is going to take more time. The Mississauga-based direct-to-consumer subprime lender will hold a meeting May 30 to ask shareholders to approve a special resolution to complete a going-private transaction, the next step toward dissolution. In December, Axis closed on the sale […] [Read More]

In a couple of specific cases, it’s been nearly four years since Black Book has seen wholesale prices for certain vehicles rise in price this much in a single week. And dealers and consignors likely don’t need too many guesses to pinpoint why it happened during the week that closed three days before individuals had […] [Read More]

In today’s economy, auto loan delinquencies are rising, leading to an increase in vehicle repossessions. However, many lenders fail to recognize a critical opportunity in the repossession process: recovering funds through the borrower’s existing insurance policy. Without an efficient strategy for filing insurance claims, lenders risk absorbing unnecessary losses on damaged collateral, ultimately impacting the […] [Read More]

BayPort Credit Union, which manages $2.6 billion in assets and services more than 154,000 individuals and businesses with 29 branch locations across the Virginia Peninsula and Southside communities, announced that Jonathan Harrell has been appointed chief information officer. In this role, Harrell will oversee BayPort’s IT strategy, ensuring its technology infrastructure supports the credit union’s […] [Read More]

On Wednesday, Nordis Technologies appointed Christiane Freese-Jones as vice president of strategic product management. The provider omnichannel customer communications management and payments technology solutions called Freese-Jones a “proven leader.” Freese-Jones will oversee key operations that are critical to meeting increasing demand for company solutions and pursuing market expansion. According to a news release, Freese-Jones will […] [Read More]

Experts at Carleton acknowledged calculating add-on interest isn’t as prevalent as it once was with finance companies and other lenders using simple-interest calculations more often nowadays. However, to help companies keep their calculations straight, Carleton recently offered guidance so managers can better understand both interest approaches. “Over the years, different methods of calculating interest have […] [Read More]