WASHINGTON, D.C. — Effective July 25, a new inspector general of the board of governors of the Federal Reserve System and the Bureau of Consumer Financial Protection will take charge. Officials on Thursday appointed Mark Bialek, who will lead the office of inspector general staff in promoting the economy, efficiency and effectiveness of the board's […] [Read More]

BANDON, Ore. — Instead of looking at the full contract and interest costs, many consumers appear more concerned with how a monthly vehicle payment will fit into their budget. While this has been something dealers and F&I professionals have seen for some time, apparently this trend has grown since 2008, according to CNW Research. The company […] [Read More]

The Specialty Equipment Market Association recently gave the SEMA Educational Institute eLearning Center an upgrade, giving SEMA members and other professionals in this segment of the auto business the opportunity to tap into more than 200 online business courses. And for a limited time, visitors can download these classes for free. Once the trial period […] [Read More]

MotiveLogic Corp., which provides service management solutions for dealership  fixed operations, announced recently that it has brought in a former Manheim executive to serve as its president and chief operating officer. Named to the position is Jas Baas, who was Manheim’s director of operations before coming aboard at MotiveLogic. Baas’ duties in the new role include […] [Read More]

Structured as a way to enhance a certified pre-owned, used or new vehicle purchase, Mazda North American Operations this week launched what it’s calling Mazda Total Advantage. OEM officials explained MTA is a new prepaid scheduled maintenance program, which is the first of its kind offered by Mazda. Mazda indicated MTA is available in increments […] [Read More]

Toyota Motor Sales revealed Wednesday that a pair of its hybrid crossover models are part of a voluntary safety recall in the U.S. The recall of approximately 45,500 Highlander Hybrid and 36,700 Lexus RX 400h vehicles from the 2006 and 2007 model years is connected with the Intelligent Power Module. The company explained the IPM […] [Read More]

CarMax revealed Tuesday the grand prize winner of a social-media contest that promoted its new CarMax EasyShop program, which allows consumers to complete more of the car-shopping processes online before visiting a store. The contest — which lasted four weeks and began in May — encouraged shoppers in the Raleigh-Durham and Fayetteville areas of North […] [Read More]

Donning the cap of a used-vehicle manager for a bit on Tuesday, Edmunds.com pricing manager Richard Arca gave Auto Remarketing some tips on what late-model vehicles will likely be in high demand on dealer lots this 4th of July weekend. He recommends that dealers ensure these are visible on the frontlines, if possible. Arca first rattled off a […] [Read More]

While Capital One Auto Finance president Kevin Borgmann said his division is looking to bring on new dealer partners and hire new associates, he also revealed the company’s collateral has been earning record prices at auctions. This isn’t a trend the management expects long term, though. "As the economy continues to improve, we are seeing […] [Read More]

Following a relatively unusual week when both car and truck values decreased — something that had not happened in four months — the wholesale market again saw softness within each of the two major vehicle categories, according to Black Book managing editor Ricky Beggs. This time around, the change in car values was slightly moderate, […] [Read More]