It has been a busy week of news coming out of the National Independent Automobile Association Convention in Las Vegas. In addition to the inaugural NIADA Lifetime Achievement Award and the newest NIADA Ring of Honor member being named, NIADA and the National Auto Auction Association announced that their print media are merging. [Read More]

The Rusnak Automotive Group announced its new president and chief executive officer this week, naming former chief operating officer Victoria Rusnak to the role. Paul Rusnak, founder of the group, will continue with the company as chairman of the board. Victoria Rusnak, a licensed attorney who holds a business degree from the University of Southern […] [Read More]

MINNEAPOLIS — Now that the Consumer Financial Protection Bureau is beginning to levy penalties in association with vehicle lending, results from the newest Regulatory & Risk Management Indicator conducted by Wolters Kluwer Financial Services might carry even more validity. When asking top American bank and credit union executives about what "keeps them up at night," […] [Read More]

SALT LAKE CITY — Integrated Lending Technologies and Advanced Business Computers of America recently completed the integration of ILT's DILLS system with ABCoA's Deal Pack Dealer Management System. The company highlighted all data regarding loans funded by lenders using DILLS now can be exported to the lender's Deal Pack system with a few mouse clicks […] [Read More]

WASHINGTON, D.C. and MINNEAPOLIS — The first significant penalty from the Consumer Financial Protection Bureau in connection with vehicle financing came Thursday — a development associated with approximately $6.5 million in revenue for two companies. The CFPB ordered U.S. Bank and one of its nonbank partner companies, Dealers' Financial Services, to end what it called […] [Read More]

CARY, N.C. — Compliance experts from Reynolds and Reynolds and Dealertrack Technologies explained how the first enforcement action against the vehicle financing industry by the Consumer Financial Protection Bureau might give more detail about the agency's regulatory agenda. To begin his assessment of what the CFPB ordered U.S. Bank and Dealers' Financial Services to do, […] [Read More]

As auction volumes continue to decline, Canadian used-car prices saw a bit of an uptick this past month. Nominal used prices — which don’t  take MSRP inflation into account — saw a 0.5-percent monthly uptick in May and a year-over-year increase of 3.3 percent, according to the RVI Group’s RVI Risk Outlook for the second […] [Read More]

Dealers now have another option when choosing where to list their inventory online. Adding to the ranks of sites which include AutoTrader.ca, Kijiji, and more, is AutoGo.ca. TC Media introduced the new site this week, which is designed for drivers who are looking for a new or used vehicle, anywhere across Canada Interestingly, the site […] [Read More]

Large pickup prices are expected to increase slightly in the lanes this week, following a trend seen this spring, while overall wholesale price movement is expected to be flat. NADA Used Car Guide expects overall prices to remain unchanged relative to the two-week average. That said, large pickup prices are expected to increase slightly again […] [Read More]

There’s an interesting dynamic that’s occurring when consumers go about trying to figure out what car to buy. Both used- and new-car shoppers are spending less time conducting research, but are devoting more of that time to the Web, according to a study released today by AutoTrader.com. Interestingly enough, those two trends go hand-in-hand. [Read More]