Since last spring, the Justice Department has leveraged the regulatory teeth contained within the Servicemembers Civil Relief Act (SCRA) to reach a record settlement with Santander Consumer USA and to bring a lawsuit against a Michigan credit union. The developments both involved the SCRA and vehicle repossessions involved with members of the military and their […] [Read More]

Global online vehicle auction company Copart has announced the opening of Copart Denver Central, the company’s third location in Colorado and its second in the Denver area. “In May, we announced the opening of and first auction at our new Colorado Springs location, then we expanded our original Denver area location, and now we are […] [Read More]

Edmunds.com has appointed Laura Perlman to serve as the company’s vice president of corporate strategy. In her new role, Perlman will be responsible for guiding the long-term strategic vision and identifying growth opportunities for Edmunds as the company continues to seek ways to streamline the car-shopping process consumers and dealers. Perlman previously served as the head […] [Read More]

While delinquencies posted a “slight increase” during the second quarter, Jason Laky, senior vice president and automotive and consumer lending business leader for TransUnion, pinpointed the two drivers that brought more than 5 million additional consumers into the auto finance market in Q2. According to TransUnion’s latest Industry Insights Report released on Tuesday, the number […] [Read More]

Recently, the management at 700Credit, a provider of credit, compliance and prescreen products and services, announced a marketing  partnership with KISS Concepts Group, a nationwide dealer, auto finance company, master agency and consulting firm with agent footprints in 33 states. Executives explained this agreement will provide KISS Concepts Group clients seamless and secure access to credit […] [Read More]

Kansas City Independent Auto Auction (KCI Auto Auction) has earned the inaugural 2016 Western Auction of the Year Award from the National Auto Auction Association, which is celebrating National Auto Auction Week from Monday through Friday. Kansas City, Mo.-based KCI Auto Auction is one of four auctions from each of NAAA’s membership regions to win […] [Read More]

Louisiana’s 1st Choice Auto Auction (LFCAA) has earned the inaugural 2016 Southern Auction of the Year Award from the National Auto Auction Association, which is celebrating National Auto Auction Week through Friday.  Hammond, La.-based LFCAA is one of four auctions from each of NAAA’s membership regions to win the award, which offers excellence in community service. Each […] [Read More]

It used to be, in earlier days of ecommerce, that even buying clothes completely online could raise an eyebrow. The argument was, you can’t buy a shirt and a pair of shorts without trying them on first. “That sort of fell and now clothing is the biggest ecommerce category,” said Andy Moss, chief executive officer […] [Read More]

When consumers take on retail financing for their vehicle purchase, often they’re stretching out terms as long as possible to keep their payments affordable. Experian Automotive put the average new-vehicle contract length at 68 months, according to its first-quarter data. But when it comes to leasing, just the opposite term is sought by consumers. The […] [Read More]

In the latest installment of the annual Power 300 issue of Auto Remarketing, we go behind the scenes with some of the leading companies in the used-car space and their top executives with a few Q&A features. Next up in this series is  Bill Eager, vice president of the dealer business unit at Carfax.   Auto Remarketing: Carfax has broadened its […] [Read More]