The Consumer Financial Protection Bureau used strong language in a news release Monday upon issuing a compliance bulletin on vehicle repossessions. The CFPB said it is “moving to thwart illegal repossessions in the heated auto market.” The bureau said it was also prompted to compile the 13-page bulletin because of “conduct observed during CFPB examinations […] [Read More]

It just turned March, but the National Independent Automobile Dealers Association already has June on its mind. Registration is now open for the 2022 NIADA Convention and Expo, which is back in its traditional June dates. And for the first time since 2019, the 76th edition of the convention returns to Las Vegas at the […] [Read More]

General Motors and Ford claimed top honors again as part of the 26th annual Automotive Loyalty Awards orchestrated by IHS Markit. However, for the first time, Honda earned the accolade closely associated with franchised dealerships. IHS Markit recognized GM for its leadership as top manufacturer for automotive loyalty in the U.S. in 2021. This is […] [Read More]

Here’s some good news for BMW dealerships looking for more personnel to man their service bays. Universal Technical Institute (UTI) has launched the first session of its new BMW FastTrack technician training programs at its Orlando, Fla., campus, the second location to begin offering the 12-week advanced training program. A collaboration between the German automaker […] [Read More]

Toyota earned Best Resale Value: Brand honors from Kelley Blue Book for the sixth time in the last nine years, and corporate sibling Lexus won Best Resale Value: Luxury Brand for the third time overall. On Monday, KBB released its 20th annual Best Resale Value Awards, which spotlight the 2022 model-year vehicles expected to retain […] [Read More]

It’s likely been experienced by you first-hand or by one of your dealership colleagues or managers. It’s the test drive that turned wild; almost into something from Hollywood. Well, perhaps now we can have a chuckle about the incident and make a comparison to some of the most famous movie segments that involved vehicles traveling […] [Read More]

Our recaps of merger-and-acquisition activities now are back in the banking sector. On Monday morning, TD Bank Group and First Horizon announced that they have signed a definitive agreement for TD to acquire First Horizon in an all-cash transaction valued at $13.4 billion or $25 for each common share of First Horizon. Through what it […] [Read More]

After opening its whitepaper series last fall about systems change called Innovation in Implementation, Alfa released the next installment last week. The provider of systems and services to some of the world’s most complex auto and equipment finance companies highlighted that new paper in its series is focused on data migration. Titled Agility in Data […] [Read More]

F&I Sentinel — a leading compliance solutions provider with respect to the financing of F&I products — announced its founders have partnered with Calera Capital, a leading middle-market private equity firm.  According to a news release distributed on Monday, terms of the transaction that created a majority recapitalization of the business were not disclosed. “With […] [Read More]

Kroll Bond Rating Agency had the opportunity to use an adjective to describe its latest auto-finance data that’s quite familiar to executives and managers. Analysts included the word “seasonal” when recapping its January indices that are based on information accumulated through the securitization market. “January remittance reports showed weaker credit performance across prime and non-prime […] [Read More]