The Consumer Financial Protection Bureau gained a significant judicial victory this week involving a case about the constitutionality of the CFPB’s funding structure. In a 7-2 ruling, the Supreme Court said the bureau’s funding is constitutional, triggering an array of reactions from the regulator, industry associations and auto finance experts. After the decision, the CFPB […] [Read More]

Conecta Marketing Group founder and CEO Andres Huertas discussed two important topics for dealerships and finance companies following his appearance as one of the expert speakers at this year’s Auto Intel Summit+National Remarketing Conference. Along with recommendations to boost communications between stores and credit providers, Huertas also explained how dealers and lenders can avoid misunderstandings […] [Read More]

Automotive customer data platform Fullpath announced an application programming interface integration with Cox Automotive’s VinSolutions customer relationship management system. The companies said in a news release the two-way API integration will “mutually benefit dealer customers of both Fullpath and VinSolutions.” Fullpath — among this year’s Emerging 8 honorees — said the integration will allow for […] [Read More]

HopDrive, a provider of short-distance vehicle delivery solutions, has launched a partnership with Genesis Motor America to support the Genesis Service Valet reimbursement program for traditional pickup and delivery. The collaboration aims to provide “seamless and convenient” vehicle pickup and delivery services for U.S. Genesis customers. HopDrive specializes in on-demand vehicle delivery for dealerships, independent […] [Read More]

Subscriptions held by independent dealers can get them their favorite music, movies and now transportation for their incoming inventory. This week, Kinetic Advantage rolled out an enhancement to its floorplan financing for independent dealers. Dealers enrolled in the provider’s monthly subscription service — Kinetic+ — now can request transportation anywhere across the United States with […] [Read More]

The J.D. Power 2024 U.S. Electric Vehicle Consideration (EVC) Study released on Thursday confirmed what many dealerships probably suspected. Consumer demand for electric vehicles (EVs) is losing its juice. For the first time since the study’s inception in 2021, J.D. Power said new-vehicle buyer consideration has dropped from the previous year. This year’s study revealed […] [Read More]

Two dealership groups were among the 2024 honorees in the Canada’s Best Managed Companies awards — and not for the first time. British Columbia-based OpenRoad Auto Group was named for the 12th consecutive year, placing it firmly in the award’s Platinum Club for businesses earning the designation for seven or more years in a row. […] [Read More]

The downward slide of Canadian wholesale vehicle prices continues but the pace slowed, according to Canadian Black Book’s weekly Market Insights report for the week ending May 11. Overall, values declined 0.28% — significantly less than the 0.44% tumble the previous week — led by the truck/SUV segment, which was down 0.35%. Full-size pickups had […] [Read More]

The auto-finance data TransUnion released on Thursday reinforced the positive developments connected with affordable used vehicles that Edmunds highlighted earlier in the week. Having more used vehicles that can fit within parameters of tight family budgets might help to boost originations, which TransUnion said remain down as compared to 2019 across all risk tiers, with […] [Read More]

Edmunds director of insights Ivan Drury highlighted multiple tailwinds that could help the retailing of used cars. What could be most beneficial for dealerships of all stripes is getting a boost of older, more affordable vehicles. Drury cited a variety of positive data points as reasons why via his analysis of the first quarter. “The […] [Read More]