Millennium Capital and Recovery Corp. recently named Robert Burleson as the company’s California operations manager. Burleson will head up Millennium’s California operations, including service to existing clients and other consumer lenders, as well as agent relations, and expertise in Millennium’s powersports and specialty recovery segment of its business. Burleson was operator of Chino, Calif.-based U.S. […] [Read More]

F&I Express insisted the F&I product cancellation process currently lacks standardization, automation, transparency and efficiency. F&I Express continued by stating these challenges not only have a negative impact on the day-to-day operations of a product provider or finance company, but also impact their ability to remain compliant with state and federal regulators. To help the […] [Read More]

Hudson Cook associate Anastasia Caton observed last week’s oral arguments during a crucial debt collection case in front of the Supreme Court that might make third-party efforts within auto finance significantly more difficult depending which way the nine justices rule. To recap, the nation’s highest court will decide whether a company that regularly attempts to […] [Read More]

Look for incentive spending to level off from where it was at the end of 2016 and in the first few months of this year, says ALG chief industry analyst Eric Lyman. The new-car market will likely “plateau” with annual sales in the neighborhood of 17.4 million this year, with the incentives — which have […] [Read More]

OK, OK, OK. Want a sure sign the spring market is blooming in the auction lanes? Perhaps, here it is. The latest Black Book Market Insights report indicated compact cars performed the best out of all vehicle segments. On the other hand, editors noticed full-size vans saw the largest depreciation, dropping 0.38 percent in value […] [Read More]

Jumpstart Automotive Media announced an exclusive ad sales representation agreement with CarStory’s website and app, which matches car shoppers with vehicles using patented technology and datasets. “CarStory is a rapidly growing, mobile-first experience that is focused on streamlining the car shopping process, which aligns with our strategy. They deliver the ‘whole story’ about a car and […] [Read More]

Black Book announced on Tuesday that it now powers the online trade appraisal resource for NsightLive, a content engagement company that works to deliver leads to dealers through its Live content platform that creates content experiences to increase customer engagement levels. “With Black Book’s trade appraisal engine, NsightLive is filling the void for independent auto […] [Read More]

Faulty oxygen sensors are still the most common cause of a check engine light, says the the 2017 CarMD Vehicle Health Index released Tuesday.  According to CarMD’s findings, model-year 2005 vehicles were most likely to have a check engine light on and newer-model 2015 and 2016 vehicles make up less than 1 percent of reported […] [Read More]

AutoNation chairman and chief executive officer Mike Jackson is confident two of the most important used-vehicle performance metrics — volumes and gross profit per unit — will both improve during the second quarter. According to AutoNation’s first-quarter figures shared on Tuesday, the dealer group reported gains in retail volume but softening in gross. As a […] [Read More]

An online booking platform for luxury car rentals is gaining more financial steam to match the type of vehicles it offers to clients. CarHopper — which offers Ferraris, Bentleys, Lamborghinis and McLarens to customers in five different cities known for this kind of luxury — announced on Tuesday it has raised $1.5 million in seed […] [Read More]