Prices for all segments in the lanes were falling last month, but one more fuel-efficient SUV segment lead the pack with a sizeable drop. According to the ADESA Canada Used Vehicle Price Index, compact SUV prices fell by 7.6 percent, or $891, in September. This was by far the largest decline after the index fell […] [Read More]

Auto/Mate Dealership Systems announced this week a product development that company management says will streamline dealership workflow. The company has integrated its dealerships management system with etfile’s electronic document management solution. Now, dealers using the etfile document imagining, filing and retrieval system can now get deals from F&I and repair orders from service, via delivery […] [Read More]

Remarketing of America announced this week its new partnership with WALZ. The communications compliance services offered by WALZ will help ROA provide compliant, critical default notices to its clients during the early- to late-state collections process to help comply with the various complex regulatory conditions throughout the United States. Emory White, the president and chief […] [Read More]

Cox Automotive announced this week the integration of two of its dealer management tools. With this integration, data from VinSolutions CRM can be accessed via the vAuto Provision suite, helping dealers make better inventory management decisions while using Provision. Randy Kobat, the vice president and general manager of vAuto, believes the integration will be mutually […] [Read More]

The National Highway Traffic Safety Administration urges owners of more than 4.7 million vehicles originally manufactured by Toyota, Honda, Mazda, BMW, Nissan and General Motors to act immediately on recall notices to replace defective Takata airbags. Federal officials stressed that their message comes with added emphasis, especially for owners of vehicles affected by the regional […] [Read More]

Since regulatory arms such as the Consumer Financial Protection Bureau turned their sites on the automotive business, NIADA — like many in the industry — has made compliance top of mind. Steve Jordan, executive vice president of the National Independent Automobile Dealers Association, explained that dealer education is one of the association’s big focuses these days. […] [Read More]

The State Government Affairs Committee of the American Financial Services Association recently published a white paper detailing how state regulators and attorneys general are beginning to use their new regulatory powers to bring actions against persons allegedly engaged in unfair, deceptive or abusive acts or practices (UDAAP) in connection with financial products and services. Officials […] [Read More]

About a month after General Motors and General Motors Financial worked out a credit accessibility deal to help the finance company expand its portfolio, the parent automaker executed a revolving credit facility that could help the finance company, too. Late last week, GM announced the execution of an unsecured $12.5 billion revolving credit facility consisting […] [Read More]

The U.S. may at last be pulling out of recession. But there are still headwinds, not least of which emanate from Washington, D.C., as the seemingly intractable gridlock in Congress is doing nothing to reduce uncertainty in the domestic markets. This impacts all businesses and entrepreneurs, and the equipment and auto finance and leasing markets […] [Read More]

SubPrime Auto Finance News has revealed the recipient of this year’s SubPrime Auto Finance Executive of the Year award, an honor sponsored by Black Book Lender Solutions. The accolade is going to Ian Anderson, president of Westlake Financial Services, which reached $2 billion in total receivables earlier this year. Sparked by the some of the […] [Read More]