Federal banking agencies on Tuesday reiterated the disclosure requirements for the annual stress tests conducted by financial institutions with total consolidated assets between $10 billion and $50 billion. Officials from the Federal Reserve, the Federal Deposit Insurance Corp. and the Office of the Comptroller of the Currency explained these medium-sized companies are required to conduct […] [Read More]

@media only screen and (min-width : 768px) { p.young-profile {height:340px;width:149px;float:left;margin:5px;} div.profile-section > p:first-of-type {margin-left:0;} div.profile-section > p:last-of-type {margin-right:0;} } Every year, we continue to see more and more young, successful dealers and remarketing professionals enter the field. With that in mind, we wanted to find a way to honor and recognize these up-and-coming stars as […] [Read More]

Cars.com announced this week it has named a new vice president of human resources. Formerly the chief human resources officer at the Ferrara Candy Company, Cynthia Hiskes now takes on the role with Cars.com where she will oversee all human resources functions for the company. Hiskes will report directly to Alex Vetter, the company’s chief […] [Read More]

NCM Associates Inc. announced Monday that it has launched a new Chrysler Dealer 20 Group. The company, which says it created the 20 Group peer-collaboration model in 1947, said the newly formed group, the Chrysler Performance 20 Group, held its inaugural meeting last month after forming from the principals of several Chrysler, Dodge, Jeep and […] [Read More]

Officials from vAuto announced on Tuesday that vAuto Genius Labs and the Whann Technology Group (WTG) completed an integration to help dealers acquire the wholesale used vehicles they need to fill inventory gaps. The companies highlighted the integration can allow dealers to research and purchase vehicles more efficiently from independent auctions on the WTG Simulcast […] [Read More]

In light of more than 30 million vehicles being recalled because of faulty Takata airbags, Black Book and Fitch Rating joined forces on Tuesday not only to look at the impact of vehicle values for the units involved, but also what implications the situation might have on outstanding U.S. auto ABS transaction performance. While both […] [Read More]

Whether your customers are recent college graduates or shoppers looking for a luxury car without the new price tag — certified pre-owned vehicles might be a good fit. Analysts pointed out a group of vehicles you may want to keep in mind when marketing to these audiences this week, the majority of which were CPO […] [Read More]

The certified pre-owned market from May looks healthy once again, based on the numbers from brands who have shared certified pre-owned sales statistics with Auto Remarketing thus far, including one posting an all-time high.  Starting with Porsche, it reported the best-ever CPO month in the history of the Porsche Approved Certified Pre-Owned program. Specifically, Porsche sold […] [Read More]

CU Recovery understands credit unions can be inundated with volumes of figures associated with recoveries, delinquency levels and charge-offs. So the consultant company spelled out five performance indicators that could be improved by enhancing the training time spent developing collection call quality and efficiency. The company emphasized the five metrics where credit union collection managers could […] [Read More]

KAR Auction Services announced Monday it has purchased Autoniq and MobileTrac, which is doing business as instaVIN. The purchase expands the company’s Digital Services Group, KAR said in a news release. “Dealers in-lane and online require real-time access to relevant vehicle information to make split-second decisions when buying and selling inventory,” said KAR Digital Services […] [Read More]