No, not THAT Coach K, but with Steve Kapusta of Ally and SmartAuction. In this episode kicking off our series of “live shows” from April’s Auto Intel Summit & NRC Spring Summit, Cherokee Media Group president Bill Zadeits talks with Kapusta about his successful career rising to the top of one of the industry’s most […] [Read More]

Messages obtained by SubPrime Auto Finance News during the past couple of days perhaps illustrate how wide-ranging the auto finance landscape currently is. On Friday, Cherokee Media Group received an anonymous tip that Truist Bank and Regional Acceptance were set to make major changes in how they work with dealerships. When asked for comment, a […] [Read More]

Last week, LexisNexis Risk Solutions released the results of its annual Cybercrime Report, an analysis of data from 79.8 billion transactions processed through its LexisNexis Digital Identity Network throughout 2022. The report titled, “Trust and Collaboration as Foundations to Fight Fraud,” showed that the global digital attack rate increased 20% year-over-year, continuing the trend of […] [Read More]

Car IQ is looking to help fleets get needed fuel faster. On Monday, the provider of vehicle payment solutions announced an agreement with HF Sinclair Refining & Marketing, a subsidiary of HF Sinclair, allowing fleets to fuel vehicles using Car IQ Pay instead of a credit card at nearly 1,600 participating sites across more than […] [Read More]

Winds of change in Canada are blowing when it comes to data privacy. Quebec has been one of the first provinces to respond, passing Bill 64 in September of last year. This is the first European-Union-like privacy law, with massive fines, Andrea Amico and Mike Foster shared with Auto Remarketing Canada in May — both […] [Read More]

One of this year’s Emerging 8 honorees now has a new chief revenue officer. Dealer Alchemist, a digital ad agency with a technology-first approach in automotive, announced on Friday the appointment of Jeff Clark as its new CRO. With an impressive track record of success in the automotive industry and a distinguished military career, Dealer […] [Read More]

Two of the large publicly traded dealer groups made moves this week with one modifying its store portfolio and the other highlighting new leadership. Beginning first with Asbury Automotive Group, the Presidio Group said it exclusively advised the company on the sale of McDavid Acura of Austin to the Umansky Automotive Group. According to a […] [Read More]

This week’s flow of industry data continued with Cox Automotive reporting wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) decreased 2.1% from April during the first 15 days of May. As a result, Cox Automotive said the midmonth Manheim Used Vehicle Value Index dropped to 225.9, which was down 7.0% from last […] [Read More]

This week, Dominion DMS announced integration with ProMax to give dealers various options to increase efficiency and profitability. The service providers said ProMax has features that will complement VUE DMS and give dealers the tools “they need to be a step ahead of the competition.” Mazda Direct general sales manager Tim Honaker said through a […] [Read More]

A coalition of 24 attorneys general threw their support behind the Consumer Financial Protection Bureau this week, submitting an amicus brief to the Supreme Court The group is urging the court to overturn a decision by the U.S. Court of Appeals for the Fifth Circuit that the AGs say “threatens” the future operation of the […] [Read More]