Finance companies that book subprime paper often use sophisticated technology for underwriting and risk mitigation. The Consumer Financial Protection Bureau (CFPB) now has taken a regulatory stance on how those tools should be used, especially when consumers are not granted credit. On Tuesday, the CFPB issued guidance about certain legal requirements that the bureau said […] [Read More]

On Tuesday, Safe-Guard Products International announced it will expand its call center services this year with a new location in Greenville, S.C. Located just southeast of downtown and only two-and-a-half hours from the company’s Atlanta headquarters, the provider of branded protection products for the automotive, RV, powersports and marine industries said this new, approximately 8,000-square-foot […] [Read More]

Trade shows can offer businesses the single best form of marketing: one-on-one contact in a highly charged selling atmosphere. Combine that with music, entertainment, and maybe a little caffeine (or alcohol), and you have the opportunity to close a lot of business. Your actual booth space is a key component in that success. No matter […] [Read More]

This year will be the final one Robert Glaser is part of the North Carolina Automobile Dealers Association (NCADA). The organization announced on Tuesday that Glaser — currently chief executive officer and president of the association — will step down effective Dec. 31. Set to replace Glaser in the position is John Policastro, who currently […] [Read More]

The UAW strike appears to be intensifying, so dealers are taking steps to shore up their used-vehicle inventories. Black Book watched the estimated average weekly sales rate increase to 51% during the week that closed on Rosh Hashanah, with wholesale values still declining by 0.73%. Even with workers not assembling new vehicles for General Motors, […] [Read More]

While it seems as if the electric vehicle is not a new phenomenon, the EV market is in its infancy compared to the internal combustion engine vehicle market. The latter has a history of well over a century, while the former has been just a sliver of the American vehicle market until just recently. Of […] [Read More]

In a competitive market with vehicle prices hovering at near-record highs, the reach and influence of online reviews continues to rise. The 2023 Automotive Reputation Report released this week by Reputation found the number of reviews in 2023 rose by 11% year over year to its highest level in the past three years across all […] [Read More]

Enterprise Holdings, parent company of rental car brands Enterprise, National and Alamo, has joined in a collaboration with vehicle-to-grid (V2G) services provider Fermata Energy and BlueHub Energy — part of the national nonprofit community development financing organization BlueHub Capital — to help lower the cost of electric vehicles by tapping the potential revenue benefits of […] [Read More]

Equifax, Experian and TransUnion on Monday reinforced their commitment to the financial health of U.S. consumers with the ongoing availability of free weekly credit reports through AnnualCreditReport.com. The three nationwide credit reporting agencies (NCRAs) announced the free service first introduced at the onset of the COVID-19 pandemic to help consumers protect their financial health during […] [Read More]

Autumn brings the brilliant colors of fall foliage, pumpkin spice added to a variety of drinks and dishes and a multitude of vehicle accidents. CARFAX confirmed that last point, as the vehicle history report provider pointed out that fall is the time when vehicle crashes occur most often. Although many might assume that winter is […] [Read More]