WASHINGTON, D.C. — The Consumer Financial Protection Bureau recently released the CFPB Supervision and Examination Manual — a guide for examiners to use in overseeing companies that provide consumer financial products and services such as auto loans. CFPB's manual is geared to provide its examiners with direction on how to determine if providers of consumer financial […] [Read More]

Some of the repossession and recovery industries top executives will offer their insights and best practices during the brand-new, half-day Re3 Conference, which will take place Nov. 16 in Las Vegas. The Re3 Conference will include presentations from and discussions with: —Kevin Camping, owner, Camping Companies —Michael Eusebio, owner, Digital Dog Recovery —Chad Latvaaho, owner, […] [Read More]

The ServNet Auction Group recently added the 28th member to its ranks, expanding its presence in the Midwest by bringing in Nebraska Auto Auction. The auction was founded in 2008 by owner Eric Bigler, whose industry experience includes time as a dealer. In 1991, Bigler got his start at a franchised dealership before buying own store — Bigler Motors […] [Read More]

Repo agencies are already regulated in California and Florida. And Illinois just passed a new law this year. Could Tennessee be next? Apparently, a legislator in the Volunteer State is preparing to bring a measure before the state’s General Assembly. State Rep. G.A. Hardaway serves constituents near Memphis, Tenn., a section of Tennessee he believes […] [Read More]

Auto Remarketing publisher Ron Smith, who founded the magazine 20 years ago and has overseen the growth of Cherokee Automotive Group (CAG) to include magazines, digital newsletters and conferences, is retiring as publisher and will assume the title of publisher emeritus. Bill Zadeits, Auto Remarketing’s associate publisher, is assuming the role of publisher of all […] [Read More]

At the same time the finance company’s top boss secured more shares, a partnership of private investment firms delivered a $1 billion capital injection into Santander Holdings USA and Santander Consumer USA late last week. In return for these funds, Santander is giving Sponsor Auto Finance Holdings Series an aggregate number of shares of SCUSA […] [Read More]

Carfax announced today that another automaker is utilizing the company as the vehicle history provider for its certified pre-owned program. Adding Carfax reports to its CPO program is Kia Motors America, which is now providing these reports with each certified vehicle, giving its dealers another strong selling point for CPO. With the addition of Kia, […] [Read More]

After a strong September, J.D. Power and Associates contends this month’s new-vehicle retail sales remain stable, sitting above a 10-million unit level. October new-vehicle retail sales are projected to come in at 828,300 units, which represents a seasonally adjusted annualized rate of 10.5 million units. J.D. Power arrived at this estimation by gathering real-time transaction […] [Read More]

Revealed late last week, NADAguides has now integrated Chrome System’s PaymentDriver solution into its website. Introduced earlier this year, the payment solution allows dealers and other third party online providers to offer consumers the ability to generate online monthly payments for specific vehicles. [Read More]

Facility renovation is certainly a hot topic among dealerships these days, and it’s often found that dealership expansion can prove fruitful. That said, the American International Automobile Dealers Association is urging dealers to get their ducks in a row in terms of fully understanding real estate acquisition and construction. [Read More]