Social media and digital engagement company Digital Air Strike announced the addition of two technology veterans with extensive media, data and entrepreneurial experience to their senior leadership team. This week, Anthony Argenziano joined Digital Air Strike as chief technology officer where he will manage and drive the company’s innovation and product development. David Corchado now […] [Read More]

If dealers noticed they were paying about the same figure for a vehicle in September as they did in August, the latest data from ADESA Analytical Services indicated that was, in fact, the case. According to ADESA’s monthly analysis of wholesale used-vehicle prices by vehicle model class, wholesale used vehicle prices in September averaged $10,734, […] [Read More]

With a host of rivers in places such as North Carolina cresting at record levels, Hurricane Matthew has floodwaters rising throughout the Southeast, wreaking havoc in communities, damaging homes, businesses and vehicles. With the American Red Cross’ previous announcement that the this year’s flooding in Louisiana was the worst U.S. disaster since Hurricane Sandy in […] [Read More]

Soon, Doug Hadden says, the wholesale vehicle market will transition from the majority of cars being sold in the auction to most being sold online. Hadden, who is the director of strategic dealer sales and services at ADESA, was speaking to dealers at a breakout session during the DealerSocket User Summit in early October. It […] [Read More]

The latest enforcement action handed out by the Consumer Financial Protection Bureau was again focused on debt collection. This time, the action involved Navy Federal Credit Union. The bureau specified four activities deemed to be improper debt collection actions that triggered a $28.5 million penalty. The CFPB charged Navy Federal Credit Union with these infractions: […] [Read More]

More industry reaction percolated stemming from Tuesday’s decision by the U.S. Court of Appeals for the District of Columbia Circuit involving the Consumer Financial Protection Bureau, which on the same day handed out a $28.5 million enforcement action against Navy Federal Credit Union for what the regulator deemed to be improper debt collection actions. To […] [Read More]

Reynolds and Reynolds recently released the Reynolds LAW Georgia F&I Library, which is a comprehensive catalog of standardized, legally reviewed finance and insurance (F&I) documents for franchised dealers in the state of Georgia. The company now has developed more than 30 state-specific Reynolds LAW brand F&I documents libraries, surpassing the midway point to a goal […] [Read More]

On Wednesday, Carvana launched in its 17th market: Cincinnati. This is the eighth new market for the online car retailer this year, including the move to fellow Buckeye city Columbus late last month. With the latest expansion, Carvana said it can now provide as-soon-as-next-day delivery to more than 118.3 million customers in the U.S. and […] [Read More]

What some legal watchers consider to be the second-highest court in the nation called the Consumer Financial Protection Bureau “unconstitutionally structured” on Tuesday. The U.S. Court of Appeals for the District of Columbia Circuit ruled in favor of a finance company that operates in the mortgage space, rescinding a $109 million enforcement action the bureau […] [Read More]

The gut response to market change is belt tightening. That’s often a prudent and wise action to take, but if you do, make certain cost-cutting isn’t cutting off oxygen to your business. What do I mean? When trends and data seem to indicate the industry tide is turning — when pundits predict slower times ahead — […] [Read More]