Beginning this summer, that applicant seeking auto financing might appear a little more worthy of being extended a contract because of upcoming changes by the three nationwide credit reporting agencies. On Friday, Equifax, Experian and TransUnion announced significant changes to medical collection debt reporting to support consumers faced with unexpected medical bills. The bureau said […] [Read More]

Already with a heightened interest in vehicle repossessions, the Consumer Financial Protection Bureau (CFPB) announced changes last week to its supervisory operations involving what it deems to be illegal discrimination, including in situations where fair lending laws may not apply. The bureau explained through a news release that during the course of examining banks’ and […] [Read More]

On Thursday, TrueCar announced the launch of its Sell Your Car offering and introduced its home delivery program in Texas. The company highlighted Sell Your Car provides consumers with visibility into their vehicle’s value as well as an instant, online True Cash Offer, while providing dealers a channel through which they can easily acquire additional […] [Read More]

The Toyota Lexus Minority Owners Dealership Association (TLMODA) is once again renewing its partnership with The Salvation Army to address the increasing food insecurity challenges families face across the country during spring break. According to a news release, 26 dealerships across the nation will distribute more than 5,200 food boxes during the spring break period […] [Read More]

This month has been quite transformative for Autosled. Not only did the company that aims to make vehicle logistics/transportation more efficient and simpler through technology announce that it has completed its Series A funding round and established its board of directors, Autosled also appointed a new chief executive officer, choosing a leader who one of […] [Read More]

After meeting with a host of dealer principals and mangers during NADA Show 2022, ACV chief executive officer George Chamoun said through a company news release that, “Dealers are the most resilient business leaders.” But even the most resilient operators are starting to show a little weariness as shown in the latest Cox Automotive Dealer […] [Read More]

This week, Zurich North America said it is expanding its F&I sales distribution strategy by adding select F&I agencies to complement its national direct sales approach. The company explained through a news release that the move lays a foundation for reaching a wider market of dealers across the United States. Zurich is one of the […] [Read More]

Auto-finance companies looking to gauge collections, delinquencies and defaults continue to get a somewhat murky glimpse of what’s happening in the market. After the latest update showed a slight dip in defaults, the newest insight from Kroll Bond Rating Agency (KBRA) indicated February remittance reports showed that auto credit performance continued to soften across prime […] [Read More]

Next up in our Auto Remarketing Podcast series from NADA Show 2022, BacklotCars co-founder Justin Davis chats with senior editor Joe Overby about the company's work to go beyond the inventory liquidation piece and help dealers source used cars, and utilizing data and machine-learning to help dealers on both sides of the transaction. Plus, Davis […] [Read More]

For this installment of our podcasts from NADA Show 2022, we turn to the FUEL side of the CARS group. Dean Evans and Terry Laughridge join the show and talk with senior editor Joe Overby about where FUEL fits into the company's end-to-end offering, how cord-cutting and streaming impacts automotive advertising, the move toward brand image and branding […] [Read More]