A pair of top-level executive changes unfolded at the Blue Oval this past week. Ford Motor Credit named Brian Schaaf as chief financial officer and treasurer. Currently, Schaaf is controller of Ford Motor Com. Global Purchasing. According to a news release, Schaaf will be responsible for Ford Credit financial planning, analysis, accounting and capital strategy. […] [Read More]

The most common vehicle repairs are changing the oil filter, the wiper blades and air filter, according to recent research highlighting the top 10 repairs vehicles undergo most often. The Car Care Council said Monday that research conducted by IMR examined repairs made by both vehicle drivers and repair service shops. The top 10 most common vehicle […] [Read More]

This year, GM Financial is expanding its volume footprint nationwide — recently opening distribution centers in the Detroit area, Maryland and New York — to help move more vehicles across Southeast and Midwest markets that wouldn't normally get as many off-lease returns, says GM Financial vice president of remarketing, auction operations John Sullivan. “So pretty much every one of […] [Read More]

Undoubtedly, Julio Jones likely would rather be preparing to play in the Super Bowl for the second consecutive year as a member of the Atlanta Falcons. But since his team lost in the NFL playoffs to the Philadelphia Eagles, which did advance to Super Bowl LII this coming Sunday in Minneapolis, Jones will instead be […] [Read More]

CoreLane Technologies, a provider of innovative transactional connectivity solutions for dealers and finance companies, on Monday announced that Automotive Credit Corp. will make the innovative CreditLane platform available to its network of dealers. Executives highlighted the CreditLane platform, which can integrate into the store’s dealer management system (DMS) and the finance company’s loan origination system […] [Read More]

GrooveCar recently highlighted credit unions from 14 different states joined its online vehicle buying program during the fourth quarter. GrooveCar, which provides credit union partners with continuous support services, market consulting, marketing collateral support to optimize communications with members and more, indicated that 17 credit unions joined during Q4, raising the 2017 total to 84. […] [Read More]

Well, here is an interesting twist, since probably the last thing that auto finance companies or dealerships feel if they’ve been contacted by the Consumer Financial Protect Bureau is that they’ve won the lottery. There have been several times that the CFPB has issued civil investigative demands (CIDs) alleging auto finance providers used deceptive practices, especially […] [Read More]

Insurance Auto Auctions announced Thursday the launch of its newest auction channel for targeted buying and selling — Ignite Auction — in conjunction with the grand opening of its IAA Ignite Auction location in Portage, Wis. Via IAA Ignite, sellers can consign vehicles utilizing the platforms suite of auction channels, IAA Live and Online, IAA Timed Auctions and […] [Read More]

A 2018 Chevrolet Corvette Carbon 65 from GM Financial, one of only 650 limited edition vehicles produced to commemorate the Corvette’s 1953 debut., was auctioned off at ADESA Los Angeles on Jan. 25. GM Financial said Wednesday that the amount the special vehicle sold for is currently undisclosed, however, Chevrolet's first retail production model of the […] [Read More]

Autotrader announced a revamp of the car-shopping site Monday with five key upgrades, including online deal-making. This would will allow consumers to start the buying process online through Autotrader and help “move shoppers from searching to buying when they are ready,” the company said. Additional upgrades include seamless cross-device car shopping, the integration of the Kelley […] [Read More]