The Consumer Financial Protection Bureau got to experience what it’s like to go through an examination. The Office of Inspector General (OIG) within the Federal Reserve recently released findings and recommendations of its 2024 audit of the CFPB’s information security program. OIG officials said the CFPB’s information security program continues to operate effectively at a […] [Read More]

Every segment of the Canadian used wholesale vehicle market was down for the week ending Nov. 2. Except one. And that one went through the roof. Canadian Black Book’s weekly Market Insights showed the average wholesale price of full-size pickup trucks soared $399 — a massive 1.18% increase for the week. That was the largest […] [Read More]

ServNet has expanded in the Southeast. The group of independently owned auctions said Wednesday that Central Arkansas Auto Auction has joined its network, which now includes 22 auctions. Cole Hooten is managing partner at the auction, which is based in Beebe, Ark. “We’re so thrilled to have Central Arkansas join ServNet. Cole and his team […] [Read More]

Car Wars, a provider of artificial intelligence-powered phone call management and call analytics, has integrated with customer data platform Fullpath in a partnership designed to give dealerships the ability to identify and connect with high-value customers — specifically those with positive equity who have not yet received a phone call. The integration incorporates Fullpath’s CDP […] [Read More]

Lyft has taken steps toward its plan to incorporate autonomous vehicles into its operations. Three of them, to be exact. The rideshare provider announced three partnerships designed to connect consumers with AV rides through the Lyft app in the near future. A partnership with Mobileye, a producer of self-driving technology and advanced driver assistance systems, […] [Read More]

Qvale Auto Group is down to its last two dealerships with the sale of two stores in the Tampa, Fla., area. According to The Presidio Group, which advised the seller in the transaction, Atlantic Coast Automotive, a large dealership group that operates some 90 dealership locations in Florida, Maryland, Pennsylvania, Virginia and New York, has […] [Read More]

The American Recovery Association is still collecting nominations for nine industry awards that will be given at the 2025 North American Repossessors Summit. ARA will gather nominations through Friday for the accolades to be announced during the event that’s on tap for April 23-25 in Orlando, Fla. Nominations are being sought for: Agent of the […] [Read More]

Last week, the U.S. Department of the Treasury released a new project dubbed the National Strategy for Financial Inclusion in the United States. Treasury officials said they identified objectives and recommendations for policymakers, industry, employers and community organizations to advance consumer access to safe financial products and services and strengthen financial security. Officials said this […] [Read More]

One of the nation’s oldest auto auctions held one of the industry’s longest-running promotions last month — and unveiled something brand new. On Oct. 10, BSCAmerica’s Bel Air Auto Auction in Belcamp, Md., hosted its 52nd annual Harvest Sale, inviting dealers from the Eastern Seaboard and beyond to an event featuring prize drawings, food and […] [Read More]

In Cars Commerce’s most recent Industry Insights Report, industry and marketplace analytics principal David Greene noted the contrast between the steady used-car market with the relative volatility of the current new-car environment. The report showed the average used-vehicle list price on the Cars.com platform (currently at $28,882) has been virtually flat throughout 2024, while the […] [Read More]