Ally Financial this week rolled out several new tools designed to make it faster and easier for consumers to manage their accounts and make payments via mobile devices and gain faster customer service access while online. The tools include the launch of an improved Ally Auto Mobile Pay app and a new Click-to-Chat tool that […] [Read More]

EFG Companies offered four predictions and recommendations for the automotive lending and F&I market, formed through thousands of conversations with the nation’s leading automotive financial and insurance experts. Steve Klees, senior vice president of specialty channels for EFG, indicated these insights reflect optimism for 2015. However, Klees acknowledged the year will not be without challenges […] [Read More]

Among the seven specific objections the American Financial Services Association made known to the Consumer Financial Protection Bureau, the organization concluded the threshold to determine what regulators consider to be a larger participant in auto financing should be raised significantly. To recap, if a finance company makes, acquires or refinances 10,000 or more vehicle loans […] [Read More]

Honda Canada Inc. announced this week it is launching a Safety Improvement Campaign in Canada to replace the driver’s front airbag inflator in certain 2001 through 2010 Honda and Acura vehicles. The airbags in question were designed by Takata, and contain inflators that may rupture under intense pressure and have been the subject of 8 […] [Read More]

Though most dealers are used to wholesale prices falling right along with the leaves, the tides turned a bit this past November. According to ADESA Analytical Services’ monthly analysis of wholesale used vehicle prices by vehicle model class, wholesale prices rose by 1.8 percent compared to October. The average price of $9,862 in the lanes […] [Read More]

Jeff Dyke doesn’t mind competition stopping by and checking out EchoPark Automotive, the pre-owned vehicle retail store concept recently launched by Sonic Automotive. In fact, Sonic’s executive vice president of operations welcomes them, along with the OEMs, Wall Street folks and many others who have checked out the pre-owned program that opened its first store […] [Read More]

Insurance Auto Auctions Inc. announced this week that it has raised over $142,000 to donate to Alex’s Lemonade Stand Foundation for the purpose of raising awareness and funds to battle childhood cancer.                                               Just […] [Read More]

In the latest development associated with defective Takata airbags, Honda said earlier this week that the company will voluntarily expand a regional recall first initiated back in June into a national campaign affecting certain 2001 through 2011 Honda and Acura vehicles in the United States to replace the driver frontal airbag inflator. Honda explained that […] [Read More]

DealerRater announced the expansion of its leadership team with the addition of two new vice presidents. The executive team welcomes Bobby Gaudreau and Jeff Provost, both with a wealth of prior knowledge with related organizations, into the positions of vice president of sales and marketing and vice president of customer service, respectively. Both additions will […] [Read More]

Black Book on Tuesday promoted one of the many industry experts featured at Used Car Week — Jared Kalfus. Kalfus now is senior vice president of sales, expanding his current role overseeing data licensing and lender solutions to now include the sales team of Black Book’s Activator division. The company contends the promotion further solidifies […] [Read More]