The auto-finance industry and other participants in financial services now have less than 10 days to provide feedback about a draft of legislation to reform the structure and powers of the Consumer Financial Protection Bureau (CFPB). The U.S. House Financial Services Committee set a deadline of Aug. 21 for the public to answer 17 questions […] [Read More]

CHAMP, F&I Sentinel and Global Lending Services are among the companies involved in auto financing that are celebrating again for being among the Inc. 5000 list of America’s fastest-growing private companies. For F&I Sentinel, it marks being on the list for the fourth consecutive year. Meanwhile, Global Lending Services now has been included for 10 […] [Read More]

ACERTUS announced on Tuesday it has acquired vehicle transport provider Fisher Shipping. It’s a move the auto logistics-as-a-service platform says broadens its network of carriers and customers, while also deepening its transport expertise and relationships across key automaker and dealer segments. The purchase of Fisher “expands our platform and deepens our ability to serve the […] [Read More]

Proficient Auto Logistics said Monday it has agreed to purchase Hansen & Adkins, a move the company says would “create North America’s largest finished vehicle logistics platform with a network spanning the United States and Canada.” The deal is expected to close mid-August and has an upfront purchase price of $130 million. Los Alamitos, Calif.-based […] [Read More]

Much has changed since last January when Cars.com closed its acquisition of DealerClub, a reputation-based dealer-to-dealer digital wholesale auction, for approximately $25 million in cash and potential performance-based consideration of up to $88 million. In the following 18 months, Cars.com announced cuts of approximately 11% of its full-time positions. Now it’s facing a lawsuit brought […] [Read More]

Group 1 Automotive has named a new director to its board, appointing former Ulta Beauty CEO David Kimbell to the post. The Houston-based auto retailer now has 10 directors on its board. Kimbell will serve on its audit committee. “We are excited to welcome David to our board,” said Charles Szews, Group 1’s non-executive chair […] [Read More]

Whether you look at the data on a sequential or year-over-year basis, consumer bankruptcies increased in July. According to data provided by Epiq AACER, total bankruptcy filings for July came in at 54,718, representing a 10% increase from a year ago. There were 51,925 individual bankruptcy filings in July, marking an 11% annual increase. Looking […] [Read More]

CarGurus announced its 2026 Top Dealer Awards honorees on Tuesday, spotlighting the most trustworthy dealerships throughout the U.S., U.K. and Canada. The honorees are those stores that “consistently earn shoppers’ trust through exceptional service, competitive value, and transparent experiences,” the company said. CarGurus determines Top Dealer Award winners through verified customer reviews and its own […] [Read More]

The Dealertrack Credit Availability Index keeps climbing, but the subprime share keeps sagging. Cox Automotive’s latest index update might be reflecting what’s happening at your finance company, ticking up 7% year-over-year to 105, which is the highest level since November 2015. But the share of loans to subprime applicants declined 21 basis points month-over-month to […] [Read More]

Mobility Global Inc., which launched as an independent public company on July 1, has released its financial results for the second quarter ending June 30. The company — whose core brands include IHS Markit, Polk, automotiveMastermind, Market Scan and Carfax — pulled in revenues of $468 million in the second quarter, a 7% year-over-year increase. […] [Read More]