The Consumer Financial Protection Bureau now possesses a Supreme Court majority opinion as reinforcement to continue to leverage disparate impact as a regulatory method to oversee and potentially reprimand the auto finance industry. The Supreme Court released its opinion this week on a case involving the Fair Housing Act, but a wide array of legal […] [Read More]

In the same month its new chief financial officer came aboard, Exeter Finance Corp. appointed a new executive vice president and chief human resources officer this week. Officially taking the role on Monday is Martin Evans Exeter highlighted Evans is a seasoned human resources executive, having served since 2013 as chief human resources officer at […] [Read More]

The National Independent Automobile Dealers Association announced today the recipients of the organization’s 2015 Scholarship Awards at the 69th Annual NIADA Convention and Expo at Caesars Palace in Las Vegas. The NIADA Foundation, each year, sponsors a student in each of the association’s four regions with a $3,500 scholarship to the college or university of […] [Read More]

A recent analysis from Edmunds.com indicates that in addition to being among “the biggest factors that are making it easier for shoppers to afford more expensive vehicles” (along with cheaper credit), new-vehicle lease penetration is on track to reach an all-time annual high. What’s more, the same Edmunds analysis of financial conditions found that leases in May […] [Read More]

Shortly after announcing it launched its Cross-Sell Interactive tool in Illinois, the division of Dominion Dealer Solutions said it is also making the tool available to dealers in Colorado and Texas. The Cross-Sell Interactive tool is a fully interactive version of the Cross-Sell Reports’ market reports for dealers, and the company reported this is its first push […] [Read More]

While autumn may seem like a long ways off (particularly in our neck of the woods, where temps are creepin’ close to 100 degrees), our Used Car Week team is already rockin-and-rollin with three presenting sponsors lined up for this year’s conference series.  We’ve already talked about how important our partners are to Used Car […] [Read More]

Consumer complaints possibly made about your finance company, dealership, debt-collection agency or related industry service provider to the Consumer Financial Protection Bureau now are available for anyone to see. For the first time on Thursday, the CFPB turned on its enhanced public-facing consumer complaint database, pushing more than 7,700 consumer accounts of problems they are […] [Read More]

Though the suffering Canadian exchange rate is making it a bit more difficult for dealers deciding whether to retail their used units or sell them wholesale over the border, that very same issue is driving profits up for the country’s auto manufacturers. The Conference Board of Canada — which provides economic forecast reports — shared […] [Read More]

Mercedes-Benz Canada recently announced the completion of its brand new flagship retail facility: Mercedes-Benz Thornhill. The corporately owned store has a whole new look and is located in the upper northwest quadrant of the Greater Toronto Area at 228 Steeles West in Thornhill, Ontario. Mercedes-Benz Thornhill originally opened in 1988 and after sustaining growth, the […] [Read More]

“It used to be (that) the dealer was the first stop, and now I kind of think the dealer is the last stop.” This statement from a car shopper in a video shown at an Autotrader event last week may come as a surprise to some, but it’s one that Mike Roberts wanted to drive […] [Read More]