As the online vehicle retailer erects more car vending machines and enters into new markets, Carvana is also broadening its partnership to help potential buyers obtain financing, with the latest move coming Wednesday with Randolph-Brooks Federal Credit Union (RBFCU), the second-largest credit union in Texas with more than $7.5 billion in assets. Executives highlighted the […] [Read More]

Auto Remarketing Canada has done it again! After a year of industry growth, they’ve built an innovative conference full of leaders and experts ready to share their knowledge and experiences. With the conference broken into three tracks this year — remarketing, retail and finance — dealers and associates will find it easier to navigate sessions. […] [Read More]

ACA International, the association of credit and collection professionals, recently released an analysis of complaints submitted to the Consumer Financial Protection Bureau in a new white paper titled, “A Review of Debt Collection Complaints Submitted to the Consumer Financial Protection Bureau’s Complaint Database in 2016.” In the white paper, ACA argues that although the overall […] [Read More]

Within a week of leveraging additional vehicle location data and analytics to mitigate its risk, Westlake Financial Services announced on Tuesday that the finance company issued a $700 million asset-backed securitization backed by approximately $748.7 million of automotive loans and installment contracts. The transaction — Westlake’s largest-ever securitization — was led by BMO Capital Markets […] [Read More]

Does Richard Cordray possess more power than President Trump? No matter what Trump’s possible tweets might be to the contrary, one of the Constitution experts who testified during a U.S. House hearing on Tuesday declared that, in fact, the director of the Consumer Financial Protection Bureau holds more leverage than the occupant of the White […] [Read More]

For the fifth year in a row, OpenRoad Auto Group announced that it has been honored with a Gold standard requalification as part of Canada’s Best Managed Companies program, which recognizes Canadian owned and managed companies with revenues above $15 million that demonstrate strategy, capability and commitment to achieve sustainable growth. “It is a great […] [Read More]

Despite some quality issues with the Tesla Model S and Model X, current Tesla owners appear to have great appreciation for the brand, but drivers who purchase the brand’s upcoming model — the Model 3 — are less likely to overlook complications, according to a J.D. Power report released on Tuesday titled Tesla: Beyond the […] [Read More]

Speaking to a crowd gathered for the grand opening of the company’s Chicago auction last week, ADESA president and chief executive officer Stéphane St-Hilaire emphasized the importance of brick-and-mortar auctions to the company. Building a $40 million facility in the nation’s third-largest metropolitan area is certainly one way to show that. St-Hilaire also emphasized in that […] [Read More]

With one auction general manager describing the impact of tax refunds in the lanes, this week’s Black Book Market Insights report indicated the car segment retaining its value better than the truck segment as a whole. However, editors pointed out that compact vans increased their value by 1.17 percent in the truck department, outperforming all […] [Read More]

More confirmation about the unusual path wholesale prices took in February arrived from the team at KAR Auction Services on Tuesday. Coming on the heels of what J.D. Power Valuation Services shared, ADESA Analytical Services’ monthly analysis of wholesale used vehicle prices by vehicle model class showed wholesale used vehicle prices in February averaged $10,688 […] [Read More]