The Federal Trade Commission said on Tuesday that the regulator has declined to extend the public comment period for its proposed rule that would ban “junk fees and bait-and-switch advertising tactics that can plague consumers throughout the car-buying experience.” Despite efforts by organizations such as the National Automobile Dealers Association to seek an extension, the […] [Read More]

Kelli Edmonds became an advisor to another industry service provider this week after founding her own consulting firm. The former senior vice president of business control and risk management at Santander Consumer USA now is part of the executive advisor team with Provana, a provider of a unified platform for compliance and performance management. According […] [Read More]

Welcome to Auto Remarketing’s second annual High Performance Auto Auctions awards program. Through a series of recaps, this special feature spotlights the auctions who have taken home “Auto Auction of the Year”- style awards from consignors, auction groups and other industry stakeholders over the last year and change. Join Cherokee Media Group in congratulating these […] [Read More]

Well, Black Book spotted out a way to get the estimated average weekly sales rate down to near the lowest level seen in almost six months. Just have the wholesale market post four consecutive weeks of price declines averaging greater than [Read More]

HGreg liked the results of pilot program using some of ACV’s digital solutions, so the dealership group decided to use more of the provider’s tools. A news release distributed on Monday highlighted HGreg’s attempts to accelerate its consumer sourcing strategy via the Drivably trade-in and lead nurture website solution and to improve internal operations through […] [Read More]

Both a federal agency and multiple national associations are urging the Federal Trade Commission to delay implementation of amended Safeguards Rule. However, if the regulation stays on its course to be enforced beginning in December, the Texas Independent Automobile Dealers Association (TIADA) is trying to help operators prepare. TIADA recently reiterated that it launched a […] [Read More]

On Tuesday, Advantage Automotive Analytics debuted Evo UL, an unlimited connectivity GPS risk-mitigation solution. By employing the latest GPS hardware and applying sophisticated proprietary technology, Advantage claimed that it is the first modern data analytics and advanced, risk-mitigation solutions provider for vehicle finance professionals to market with unlimited connectivity service. Evo UL can provide buy-here, […] [Read More]

While the auto finance default rate has ticked up during 11 of the past 12 months, none of those month-over-month increases have been more than 6 basis points. The latest rise according to the S&P/Experian Consumer Credit Default Indices came in below that level, as data through July compiled by S&P Dow Jones Indices and […] [Read More]

AutoVerify announced Tuesday it has acquired iDealerPlus, a dealer-facing software platform that aims to match consumers to a specific vehicle in a dealer’s inventory based on their credit profile and the dealer’s profitability guidelines. “By integrating iDealerPlus into the AutoVerify product mix, we can help dealers eliminate friction in sales and finance by aligning vehicle […] [Read More]

AutoCanada said Monday it has purchased Markham, Ontario-based Velocity Autobody, which is a Tesla-certified, I-CAR Gold Class collision center. This is the seventh collision center AutoCanada has acquired since the fourth quarter of 2020, said executive chairman Paul Antony, who said the group continues to expand its presence in the space. “We remain focused on […] [Read More]