In an effort to connect with clients, CarProof Vehicle History Reports held its first Client Advisory Board meeting earlier this month. Held in Blue Mountain, Ontario, the company invited 40 of its top dealer, auction and corporate customers to attend the meeting. “Our loyal partners provided us with valuable insight that we intend to put […] [Read More]

ANAHEIM, Calif. — Consumer finance lender CashCall recently began to originate and service auto loans. Officials indicated the newly formed CashCall Auto Loan Division will deliver specialized solutions to dealers for consumers across varying credit levels. On Oct. 28, CashCall started accepting auto loan applications from franchise and independent dealerships in California. Plans for a […] [Read More]

PHOENIX — On-demand payment processor BillingTree recently announced the availability of Compliance Suite. BillingTree Compliance Suite can help companies to ensure compliance with laws, regulations and guidelines related to accepting payments from consumers. Officials believe Compliance Suite can bring it all together by providing key resources and automated tools for defining, implementing, assessing, refining and […] [Read More]

WASHINGTON, D.C. — Last week, the Consumer Financial Protection Bureau said it took the first step toward considering consumer protection rules for the debt collection market. Through its Advance Notice of Proposed Rulemaking (ANPR), the bureau is collecting information on a wide array of issues, including: —The accuracy of information used by debt collectors —How […] [Read More]

Last week, the Consumer Financial Protection Bureau said it took the first step toward considering consumer protection rules for the debt collection market. Through its Advance Notice of Proposed Rulemaking (ANPR), the bureau is collecting information on a wide array of issues, including: —The accuracy of information used by debt collectors —How to ensure consumers […] [Read More]

Wholesale values held steady last week, as the truck segments continued to outperform average retention values, and cars experienced the same average change as the previous week. Last week, truck segments saw an average drop of $59, which marked a slight increase from the prior week’s rate (-$50), Black Book editorial director and senior vice […] [Read More]

Mass marketing is dead, and targeting is everything. So says Dennis Galbraith, chief marketing officer for Potratz, in his latest video installment. In “Hard Facts: Marketing Your Inventory,” Galbraith references the uselessness of yesteryear’s mass marketing modes, and suggests better ways to reach today’s customers.     “It used to be we would bombard customers with mass […] [Read More]

Leasing rates are at an all-time post-recession high, approaching 30-percent penetration of all vehicles bought in 2013. This article speaks to what the industry and dealerships are doing to attract women toward leasing. Much has happened to almost double the leasing rates from just five years ago. This exponential growth is attributed to the sum […] [Read More]

International automotive retailer Group 1 Automotive Inc., on Tuesday announced its acquisition of dealerships in the Lone Star State. Group 1 has taken ownership of Moritz BMW/MINI and Moritz Cadillac in Arlington, Texas, which is located in the greater Dallas/Fort Worth metropolitan area.  The dealerships, which will operate as BMW of Arlington, MINI of Arlington, […] [Read More]

Bill Jensen’s career began more than 40 years ago at Security Pacific Bank in Santa Ana, Calif., as a collector. After nearly two decades at that institution, followed by a stint as executive director for the National Vehicle Leasing Association, a post with Bank of America and a role managing Mazda American Credit, Jensen is […] [Read More]