American Financial Services Association senior vice president Celia Winslow recounted during a recent episode of the Auto Remarketing Podcast that AFSA has been seeking clarity about what the Consumer Financial Protection Bureau (CFPB) defines as risk for more than 10 years. Just after Memorial Day, Winslow tried again, sending a letter to CFPB director Rohit […] [Read More]

Attendees at the upcoming National Independent Automobile Dealers Association annual gathering who have a taste for luxury and an affinity to help others can satisfy both with one winning bid. For the 10th consecutive year, officials highlighted the NIADA Convention and Expo will include the auction of a front-line ready used vehicle to benefit the […] [Read More]

CarOffer said Monday it has launched a national non-affiliated online used-car exchange desk called PremiumXchange (or PX), where dealers throughout the country can exchange cars with one another at prices determined by those dealers. Through the Instant Market Value technology from CarOffer parent CarGurus, dealers can use PX to take advantage of price disparity from […] [Read More]

According to Experian’s State of the Automotive Finance Market report, Michigan continued to pace the nation during first quarter with 61.5% of new-vehicle financing originated in that state being a lease. Two other states known for heavy leasing activity weren’t far off that mark, as Experian reported last week that … [Read More]

Four days after announcing the purchase of the Tail Light automotive software company, J.D. Power shared another acquisition in the software space on Monday. This time, the company announced the purchase of We Predict, a UK-based provider of automobile service and warranty analytics software. Through We Predict’s software, automakers and suppliers are able to gauge […] [Read More]

Alexis Jacobs, a former National Auto Auction Association president and former owner and chief executive officer of Columbus Fair Auto Auction, passed away Friday, according to a message from NAAA. Jacobs, who was the NAAA’s president in 1995, led CFAA until 2019. The XLerate Group acquired the auction in 2019. Jacobs was named NAAA Industry […] [Read More]

Hudson Cook announced last week that four of its attorneys have been recognized in Chambers 2022. Partners Michael Benoit, Nikki Munro and Jean Noonan are being recognized by Chambers again this year with national rankings in the Chambers USA Guide in the Financial Services Regulation: Consumer Finance (Compliance) department. And partner Catherine Brennan is being […] [Read More]

Last July, J.D. Power acquired Superior Integrated Solutions/Darwin Automotive to strengthen its F&I software analytics offerings for dealers and third-party partners. On Thursday, J.D. Power further reinforced that business segment with another acquisition, adding Tail Light, a leading automotive software company. Executives highlighted Tail Light’s F&I menu and reporting software is used by dealerships and […] [Read More]

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Sed interdum nibh sed lectus venenatis tincidunt in at neque. Ut pharetra congue felis vel egestas. Maecenas convallis quam in elementum viverra. Maecenas scelerisque vulputate enim, in tempor orci sollicitudin sit amet. In hac habitasse platea dictumst. Curabitur posuere lorem ligula, in tempor felis interdum et. Ut […] [Read More]

Despite ongoing shortages of precious metals and microchips needed to replenish inventory levels, many automakers continue to invest in marketing. But, in contrast to previous years where incentives, sales events, and financing offers punctuated TV spots and digital banners, this year has seen stronger emphasis on future model launches, lifestyle campaigns and multicultural efforts as […] [Read More]