Wise F&I recently enhanced its vehicle service contract, WiseTVP, to offer consumers five coverage plans, which now include an extended term with coverage for up to 10 years and 100,000 miles. The company highlighted WiseTVP’s coverage plans can provide for escalating levels of mechanical breakdown coverage, and all plans include towing, car rental, trip interruption, emergency […] [Read More]

J.D. Power announced Monday it has promoted Thomas King to fill the new position of data and analytics senior vice president. King has served in senior roles at the company since joining in 2005. He most recently served as J.D. Power vice president of PIN OEM operations, digital marketing analytics and auto finance, where he led the […] [Read More]

Many dealerships have a promotional moniker to distinguish itself in their market; for example touting the biggest selection of used vehicles. Hireology chief executive officer and co-founder Adam Robinson recommended that stores also generate a local reputation that helps the rooftop generate quality “ups” who could be high-performing, long-term employees. Robinson described the importance in […] [Read More]

The Consumer Financial Protection Bureau’s anti-arbitration rule is now heading for a courtroom clash. On Friday, the U.S. Chamber of Commerce, American Bankers Association, American Financial Services Association, Consumer Bankers Association, Financial Services Roundtable and a coalition of associations located throughout Texas filed a legal challenge to the CFPB’s rule that prohibits the use of […] [Read More]

A 2018 model-year Volkswagen that might be in your used inventory one day could have a considerable amount of factory warranty remaining thanks to a decision the automaker announced on Friday. For the 2018 model year, the OEM said most new Volkswagen vehicles in the United States will come with the company has dubbed the […] [Read More]

MUSA Auto Finance said its platform now offers capability that separates it from any captive or other provider specializing in leasing of new and pre-owned vehicles, especially for customers who already have strong credit backgrounds. MUSA Auto Finance announced this week the launch of automated decisioning for leases submitted through Dealertrack, RouteOne or its online portal. […] [Read More]

More evidence arrived this week indicating how some contract holders in your portfolio might be struggling to maintain their finances. This time, the research came from the Consumer Financial Protection Bureau. The CFPB’s latest survey showed that more than 40 percent of U.S. adults struggle to make ends meet. The National Financial Well-Being Survey was […] [Read More]

Meghan Stringer Musselman, a partner in the Maryland office of Hudson Cook, has been appointed vice chair of the American Bar Association (ABA) Banking Law Committee for a three-year term. With approximately 1,950 members, the mission of the Banking Law Committee is to act as principal Business Law Section Committee dealing with laws relating to […] [Read More]

Carvana announced Thursday that it opened the company’s newest vehicle inspection and perfection center in the Phoenix suburb of Tolleson, Ariz. The new center joins Carvana’s three others located in the Atlanta, Dallas and Philadelphia metro areas. As the used-vehicle retailer’s U.S. market expansions continue westward, the new center will both increase the number of cars […] [Read More]

Manheim California recently announced that it has planned another trip to Valley High School in Santa Ana, Calif. for the third year of its “Flip this Car” project, which shows auto shop students how to recondition cars and auction them off to expand their understanding of career options in the automotive industry. The program provides […] [Read More]