A potential airbag mechanism malfunction is prompting Jaguar Land Rover North America to recall 40,551 SUVs, according to documents from the National Highway Traffic Safety Administration. The recall covers the Land Rover LR2 from the 2010 through 2015 model years as well as the Range Rover Evoque vehicles from the 2012 and 2013 model years. […] [Read More]

When they start the car-shopping process — much of which is spent online — 70 percent of Millennials are undecided as to what vehicle they want to purchase. However, by the time they get to your dealership, most already know which car they want to buy. And therein lies the two-fold opportunity for dealers when it […] [Read More]

BenchMark Consulting International — which compiles the annual survey for the National Automotive Finance Association among other analytical projects for banks and finance companies — recently chose Dwayne Furmidge as the new leader of its North and South American operations. And one of Furmidge’s first public appearances in this role as director for the Americas […] [Read More]

Cloud-based loan origination system defi SOLUTIONS integrated Carleton SmartCalcs into its platform this week. Officials highlighted defi SOLUTIONS customers now can access Carleton’s 40 years of compliance expertise to assure federal and state lending interest, fees and the annual percentage rate maximums are not exceeded. From within the defi SOLUTIONS system, SmartCalcs automatically can validate […] [Read More]

GrooveCar Direct, an online auto buying resource for credit unions, recently reached partnership with two more institutions. The two credit unions now a part of the network are as follows: — Greater Alliance Federal Credit Union of Paramus, N.J., which has a membership of 18,525 with assets exceeding $163 million. — Dutch Point Credit Union […] [Read More]

Moody’s Analytics senior director Cristian deRitis chimed in this week, refuting the notion that rising auto lending volume is creating a bubble similar to the one that burst in the mortgage space and sent the U.S. economy into recession. deRitis insisted that credit quality is better today than prior to the recession, or at any […] [Read More]

Cross-Sell Reports — a division of Dominion Dealer Solutions — has a new offering for Georgia dealers. Cross-Sell Reports has partnered with the Georgia Automotive Dealers Association to provide localized market data through the company’s market-reports tool: Cross-Sell Interactive. Shane Marcum, general product manager for Cross-Sell Reports, noted, “Cross-Sell Interactive provides Georgia’s automobile dealers with […] [Read More]

Advertising the sale or financing of motor vehicles has become increasingly complicated with an aggressive Federal Trade Commission (FTC) and the need to reach consumers (especially Millennials) through social media, which was never thought of when advertising laws and regulations were written. It certainly makes a dealer’s life more complex. The FTC has launched a […] [Read More]

Add this year’s National Remarketing Conference to the list of major industry events where discussion about the impact created by the Consumer Financial Protection Bureau is on tap. Wait a minute. You might be thinking the hallmarks of the NRC are connected with wholesale channels — vehicles moving from commercial consignors such as automakers and […] [Read More]

As part of its long-term growth strategy to invest in emerging markets, Manheim announced Tuesday that it has purchased a majority stake in CarBizz, an auction operation based in Sao Paulo, Brazil. The company highlighted this investment in Brazil — what executives consider to have one of the fastest growing automotive markets — supports Manheim’s […] [Read More]