The American Bankers Association, the Consumer Bankers Association, the Independent Community Bankers Association and the U.S. Chamber of Commerce collaborated to compile a 21-page white paper and sent it to the Consumer Financial Protection Bureau (CFPB). The paper made the group’s argument to the bureau to rescind recent changes made to the Unfair, Deceptive, or […] [Read More]

The powersports sector in Canada is getting some reinforcements. NetSol Technologies, a global business services and enterprise application solutions provider, recently signed a contract with Yamaha Motor Finance Canada for a further implementation of its LeasePak solution. Peter Minshall, executive vice president of NetSol Technologies Americas, explained what the move means. “Yamaha Motor Finance is […] [Read More]

Canada Drives is eyeing growth in other provinces and now has more financial resources to accomplish that objective. Last week, the online vehicle shopping and to-your-door delivery platform, announced the close of $40 million CAD in equity funding from Canadian company goeasy, one of Canada’s leading non-prime consumer lenders. With the company operational in British […] [Read More]

Did your dealership hit its retail sales targets for the month and quarter? Whether or not your store did, a new shopper study CDK Global might illuminate why more vehicles rolled over the curb than you expected or that batch of models still is in inventory. CDK Global said there are a lot of assumptions […] [Read More]

Whether you have a fleet of trucks and other vehicles or your daily driver to the auction, dealership or office gets pretty thirsty for fuel after only a couple hundred miles, the rising cost of gasoline and diesel is impacting just about everyone. Relay Payments acknowledged that some industry experts say that only a recession […] [Read More]

APCO Holdings finished the first half of 2022 by promoting one of its executives with an eye toward more growth. The provider and administrator of automotive F&I products and home to the EasyCare and GWC Warranty announced this week that Rob Volatile has been promoted from his previous position as regional vice president of EasyCare […] [Read More]

After looking at the new data, it’s probably understandable why Edmunds senior manager of insights Ivan Drury said, “buying a car in 2022 is a whole different ball game.” Edmunds reported the average amount financed for used vehicles delivered in the second quarter jumped by more than $4,400 year-over-year to … [Read More]

Despite how much your dealership might highlight the quality of vehicles in your used inventory, some potential buyers still might want to have a mechanic conduct an inspection. That’s a service Curbee, a mobile car-repair company, now is looking to provide. Created two years ago by the builders of Tesla and Lyft’s mobile car care […] [Read More]

It was a celebration in the wholesale world for multiple reasons recently in Connecticut. The National Auto Auction Association (NAAA) has named Garrison Hudkins as a Warren Young Fellow for 2022 and presented the award during Southern Auto Auction’s 75th anniversary celebration. According to a news release, the honor recognizes Hudkins for his service and […] [Read More]

The American Recovery Association (ARA) closed the first half of 2022 with significant changes in leadership, naming a new president and executive director. Stepping away from those respective roles, Dave Kennedy and Les McCook have handed the ARA leadership responsibilities to Vaughn Clemmons and Joel Kennedy. Clemmons, president at Automobile Recovery Bureau, was elected president […] [Read More]