Two captive finance companies and a commercial bank all made changes to their top executive teams this week. Beginning with Ford Motor Credit, the Blue Oval’s captive named Joy Falotico as chief operating officer. The OEM also elected Falotico as a corporate officer. Currently, Falotico, is executive vice president, Ford Credit Marketing, Sales, Americas and […] [Read More]

Reynolds and Reynolds now has more resources for dealerships in the Lone Star State. The week, the company announced that Reynolds Document Services released the Reynolds LAW Texas F&I Library. The library is a comprehensive catalog of standardized, legally reviewed finance and insurance documents for dealers in Texas. The documents in the LAW Texas F&I […] [Read More]

Autoscribe Corp., provider of PaymentVision and Lyons Commercial Data, has been named a silver winner in the Best in Biz Awards, an independent business awards program judged by members of the press and industry analysts. Autoscribe — also a recent winner in the Stevie Awards, Inc. 5000 List, Jacksonville Business Journal BizTech Awards and more — received a silver […] [Read More]

The Consumer Financial Protection Bureau is now wielding its enforcement action and penalty powers in the alternative data space. On Thursday afternoon, the CFPB took action against a nationwide credit reporting company, Clarity Services, and its owner, Tim Ranney, for what the regulator deemed to be illegally obtaining consumer credit reports. Bureau officials charged that […] [Read More]

Even with the shaky economic circumstances due in part to a declining dollar and falling oil prices, Canadian consumers continue to show a “stable performance” on credit products. According to TransUnion’s Q3 2015 MarketTrends report, delinquencies are on the way down, and auto loans continue to be a bright spot in terms of consumer debt […] [Read More]

Short supply. High prices. Growing U.S. exports. Changes in shopping trends. There are what seems like a multitude of factors impacting the Canadian wholesale environment these days, and it’s hard to keep track. That’s why Auto Remarketing Canada gathered data and analysis from some of the industry’s top experts to get a handle on the where, when […] [Read More]

Just before Thanksgiving, Tax Max highlighted a development that could positively impact buy-here, pay-here operators. After four years on the shelf, the banking industry has revived the Tax Refund Advance for 2016. To help BHPH dealers take advantage of this opportunity, Chip Wiley — who is the corporate trainer and marketing specialist for Tax Refund […] [Read More]

General Motors Canada announced this week that it has been awarded a mandate to build a fleet of self-driving 2017 Chevrolet Volts at its Canadian Engineering Centre in Oshawa, Ontario. This was confirmed by Steve Carlisle, the president and managing director of GM Canada, while speaking to the Economic Club of Canada in Ottawa on […] [Read More]

The November certified pre-owned sales total fell more than 4 percent from year-ago figures, according to Autodata Corp., but year-to-date sales are moving nearly 9 percent higher with 2.33 million CPO sales through 11 months. There were 184,080 CPO sales in November, which was off 4.7 percent year-over-year and down 13.8 percent month-over-month, Autodata said […] [Read More]

It was announced this afternoon that Sudbury Auto Auction has changed hands. Impact Auto Auctions — a subsidiary of Insurance Auto Auctions and a business unit of KAR Auction Services — has purchased the assets of the facility, a move that will serve to give Impact Auto Auction’s Remarketing Division a chance to expand into northern […] [Read More]