For the second time in two months, the Consumer Financial Protection Bureau took out an enforcement action in the buy-here, pay-here industry. On Thursday, the enforcement came against Herbies Auto Sales, an operator in Greeley, Colo., for what the bureau deemed to be abusive financing schemes, hiding auto finance charges and misleading consumers. The CFPB […] [Read More]

While the federal government has legislative updates on its mind in anticipation of future groundbreaking technologies, like autonomous vehicles, various consumer protection agencies are getting in on the conversation in hopes of making changes for consumer safety.  In a formal petition, created by Consumer Watchdog, the Center for Auto Safety and Joan Claybrook (former NHTSA […] [Read More]

Primeritus Financial Services strengthened its recovery management, skip-tracing and remarketing services on Thursday by acquiring Dallas-based Roquemore, a provider of vehicle skip-tracing services to the credit union and collateral protection industries. Primeritus director Chuck Tapp explained why the company made this move. “The acquisition of Roquemore represents our continued commitment to be the best and […] [Read More]

Though many are holding on to the hope that wholesale prices might be on the way down this year as used supply is expected to expand, a growing number of exports into the U.S. may put a damper on that prediction for 2016. And prices in the lanes were still on the way up as […] [Read More]

You post a fun picture of you and the family from the holidays, and what happens? Dozens of likes, comments and maybe even a new friend request or two. Big news breaks, and one of your friends posts an article with an interesting angle to that story, so you click to learn more. Point is, […] [Read More]

All of the fast-paced, real-time, instant gratification of buying a car at auction – with none of the expense of transporting yourself or your vehicles to auction – all crammed into your desktop or mobile device’s screen. And no listing fees. Sound good to you? Michael Ryan O’Connor, eBlock’s president and chief executive officer, sure […] [Read More]

Tom Adams, who has been president of Auction Insurance Agency and the chief executive of the AutoTec companies for over three decades, has moved into the role of AutoTec chairman. Taking on the CEO role at AutoTec is Chuck Redden, who has been with the company since 2002. Redden previously was the president of AutoTec’s […] [Read More]

January has been a busy month for the U.S. government in regards to its transportation system and the automotive industry. The former announced its long-term plans to bolster its plans to propagate vehicle safety initiatives as well as begin a 10-year action to invest in safe vehicle-automation projects. While speaking at the Automotive News World […] [Read More]

Prices for pickup trucks held strong throughout most of 2015, touting retention rates much stronger than their smaller counterparts. But that trend is shifting. As 2016 gets underway, trucks are feeling the impact of heavier-than-normal depreciation trends, while cars are continuing on a downward path, as well, when it comes to prices in the lanes. […] [Read More]

ServNet Auction Group’s president Kevin Brown recently introduced the association’s board of directors. Planning for a busy year ahead, the recently appointed Brown acknowledged the contributions of ServNet members past and present who are transitioning into new roles within the organization. "It is an honor for me to serve as ServNet's president, and to work […] [Read More]