Automotive Compliance Consultants insisted that contrary to recent developments on Capitol Hill, the U.S. House of Representatives’ vote to eliminate the Department of Justice’s use of disparate impact does not negate the Consumer Financial Protection Bureau’s use of the legal theory in auto finance cases. The firm went on to say that the possibility of […] [Read More]

Auto/Mate Dealership Systems recently announced that Ristken Software Services integrated its core enterprise level technology solutions for dealerships with Auto/Mate’s dealership management system (DMS). Officials indicated Ristken’s MenuPro and Pro Tracking platforms, as well as its eBusiness Service Provider Access Network (SPAN), are now fully accessible for dealerships using Auto/Mate’s DMS. “Our Open/Mate integration program […] [Read More]

Captive finance company Hyundai Capital America (HCA), which does business as Hyundai Motor Finance and Kia Motors Finance, highlighted its recent diversity award winners. HCA gathered accolades from two different outlets. The company said Karen Moon, HCA's vice president of servicing was selected by the National Diversity Council and the California Diversity Council to receive a […] [Read More]

The wholesale business is incredibly intricate, even when things are running smoothly. When you add another level of complexity that recalls necessitate, things can get tricky. Auto Remarketing explored this angle recently from the auction’s point of view to see how it these businesses are handling what is turning out to be the biggest recall […] [Read More]

Cox Automotive chief economist Tom Webb reviewed the Manheim Used Vehicle Value Index going back more than two decades to give dealers and finance companies context relating to the latest wholesale-price decline. Webb indicated wholesale vehicle prices (on a mix-, mileage- and seasonally adjusted basis) dropped for the fourth consecutive month in May, bringing the index […] [Read More]

The National Automobile Dealers Association announced today that used-vehicle sales surpassed 4 million units across all retail channels for the month of May. Although this year's May sales of roughly 4.02 million units passed last year's May sales of an even 4 million, this brought the year’s tally just past 14 million used cars and light […] [Read More]

Despite a sequential price decline of more than 2 percent, ADESA noticed dealers still had to dip into their floor plan well on average of more than $10,000 per vehicle to fill inventory needs. According to ADESA Analytical Services’ monthly analysis of wholesale used-vehicle prices by vehicle model class, officials found that wholesale used vehicle […] [Read More]

The word on the streets in the specialty markets: expensive. Prices for collectible cars continue to soar at a surprising pace, with zeroes being added to already expensive price tags right and left. “Collectible cars continue to appreciate at an astounding pace, extending the pattern we have been seeing for the last few years,” said Eric […] [Read More]

When Equifax auto finance leader Lou Loquasto went into a gathering of state and federal regulators hosted by the American Financial Services Association this week, he arrived with the freshest data the credit reporting agency released just a couple of hours before a panel session. Armed with information about steady but not fire-alarming-triggering trends, Loquasto […] [Read More]

FactorTrust, a provider of underbanked consumer data, analytics and risk scoring solutions on those underserved by traditional banking channels, announced this week that subprime auto finance company AFS Acceptance is its newest client. Utilizing FactorTrust’s proprietary data and custom scoring models, officials highlighted AFS Acceptance now has the ability to better qualify customers and provide […] [Read More]