Volkswagen now has an extra week to finalize the “concrete” proposal to federal regulators regarding how to fix or buy back vehicles included in the diesel emissions controversy. According to a court document that stated “given the highly technical nature of the proposed settlements in these complex proceedings,” U.S. District Judge Charles Breyer obliged the […] [Read More]

Consumer Financial Protection Bureau director Richard Cordray has five more chores on his to-do list courtesy of the U.S. Government Accountability Office (GAO). Within the week of its contract spending strategy being revealed through the federally mandated website USASpending.gov, the CFPB received five more recommendations from GAO officials who run the independent, nonpartisan agency that […] [Read More]

Rounding out the newest member of its leadership contingent, RouteOne’s board of directors on Thursday appointed Chris Irving as its chief technology officer in the latest move with new chief executive officer Justin Oesterle at the controls of the platform designed to deliver a comprehensive suite of F&I solutions. Irving has spent eight years with […] [Read More]

While the overall figure decreased on both a sequential and annual basis, the American Bankruptcy Institute attempted to find the source as to why total U.S. commercial bankruptcy filings spiked 32 percent year-over-year in May. According to data provided by Epiq Systems, commercial filings totaled 3,358 in May, up from the 2,550 filings recorded last […] [Read More]

Loyalty. A strong feeling of support or allegiance. Loyalty is devotion and faithfulness to a cause, country, group or person. Book after book has been written on the topic of loyalty. But what is loyalty and what does it mean to you?  Keeping customers makes good business sense, but it’s not easy to do. We […] [Read More]

Officials highlighted IsItFrame — the service offered by the National Auto Auction Association through AutoIMS — is now available as an on-demand, system-integrated Web service. With time savings in mind, AutoIMS created this new Web service offering to allow auction management systems and Internet-connected CR-writing applications to automatically retrieve an answer from the IsItFrame database. […] [Read More]

Cox Automotive is expanding its Drive Away Hunger initiative in Canada. Under Cox Automotive Canada’s Cox Cares initiative, the company’s business units throughout Canada will team up with local food banks to raise money and food donations. In a program that started Monday that will run through June 23, employees will collect the items Canadian food banks have […] [Read More]

Rising compliance costs could be a blessing in disguise for big, established subprime auto finance companies, said Jason Kulas, chief executive officer of Dallas-based Santander Consumer USA. That’s because in the long run the cost of meeting tougher regulations could serve as an additional barrier to entry for subprime startups, on top of typical drawbacks […] [Read More]

Cox Automotive joined the National Independent Automobile Dealers Association to present the sixth annual NIADA and Cox Automotive Community Service Award to Boise, Idaho-based Fairly Reliable Bob’s Inc. during the 70th NIADA Convention and Expo in Las Vegas this week. The award recognizes an independent dealership deemed to have demonstrated exceptional commitment to the community […] [Read More]

Quantech — a privately held company and developer of dealer management tools — recently added enhanced menu features to Q-F&I Online. Quantech general manager Mike Martin said the completed modifications include the largest menu enhancement to Q-F&I Online since the product’s launch in 2013. Among the features are: — Live menu editing from the presentation […] [Read More]