EFG Companies announced on Tuesday it has been selected as the premier product provider by MotoLease, a financial services company that offers unique consumer leasing programs through MotoLease authorized dealers. The company designs solutions exclusively for the motorcycle and powersports markets to help even the most credit-challenged riders. MotoLease has partnered with EFG Companies’ Motorsports […] [Read More]

Ally Financial chief compliance officer Daniel Soto received the 2014 ABA Distinguished Service Award which recognizes leadership, initiative and accomplishment in banking regulatory compliance management. The award, established in 1995, was presented at the American Bankers Association’s 28th annual Regulatory Compliance Conference in New Orleans this week. The ABA Compliance Administrative Committee, composed of 12 […] [Read More]

Veros Credit is ready to make an expansion move beyond servicing the needs of the subprime auto financing industry in the western half of the United States as the company has done for the past 17 years. The company explained the reason it’s confident in expanding its footprint across the country is because Veros Credit […] [Read More]

How the Consumer Financial Protection Bureau conducts its supervisory business was in the spotlight again on Tuesday during regular hearings conducted by both the U.S. Senate Banking Committee as well as the U.S. House Financial Services Committee. In the Senate, CFPB director Richard Cordray appeared to share details of the bureau’s semi-annual report. In the […] [Read More]

Chances are, dealers at auction looking to shore up their supply of 1-year-old vehicles will find a good bit of vehicles from the rental-heavy segments. That’s according to the latest issue of Guidelines from NADA Used Car Guide, which said that off-rental units are currently making up a large portion of 2013 model-year auction volume. […] [Read More]

Smartphone texting integrated with a dealership’s website is the offering of TextUps.com, a recently-announced hang-tag lead system. A tool aimed at after-hours shoppers and those who don’t want to get out of their vehicles, TextUps.com is available in 22 states and offers dealers a new way to connect with prospective buyers. “When a shopper wants […] [Read More]

The National Automobile Dealers Association applauded the news that franchised dealers no longer have to fill out a form certifying that a new vehicle complies with the Clean Air Act prior to the sale. NADA recapped that H.R. 724 was signed into law this week by President Barack Obama. The association explained the bill eliminates […] [Read More]

At the same time chief executive officer Mary Barra faced General Motors shareholders during the company’s first annual meeting with her in control, Swapalease.com noticed in its latest report on vehicle incentives from May that one particular trend jumped out at site executives. Despite all the attention associated with the automaker’s recalls, Swapalease reported that […] [Read More]

For all their fuel-saving power, hybrid vehicles can also present unique hazards to service technicians, and have specific upkeep requirements. These topics and others will be addressed in a hybrid clinic hosted by the Grappone Automotive Group, set for June 26 at its LEED-certified Toyota facility in Bow, N.H. Aimed at the group’s wholesale parts […] [Read More]

Tax season market strength wasn’t done with the auction in May — wholesale prices remained elevated for the third straight month. And according to NADA’s latest Guidelines report, strong seasonal demand served to lift NADA’s used-vehicle price index to a new high of 126.8. This is 0.5 percent better than the previous record set just […] [Read More]