Is the Consumer Financial Protection Bureau “changing the rules of the game” when it comes to subprime auto finance securitizations? That’s one of the many questions explored during this podcast with Davis+Gilbert partner Joseph Cioffi, orchestrator of the Credit Chronometer and the recently released market study, summarizing the views of more than 100 originators, investors, […] [Read More]

Shaun Petersen made the transition from the National Independent Automobile Dealers Association to Buckeye Dealership Consulting last fall. Now, Chuck Bonanno and David Brotherton are doing the same thing. According to a news release distributed on Monday, the provider of reinsurance and F&I products for independent dealers announced it has hired industry experts Bonanno and […] [Read More]

Sam Samarghandi is a buyer at Nexcar in Houston. Samarghandi described how he’s benefitted from high-resolution, optimized 3D images generated by Fyusion and available through Manheim Express. Samarghandi shared his perspectives through a news release from Fyusion, which announced it has surpassed 1 million 3D vehicle images created for Manheim Express, a digital app for […] [Read More]

No matter if your dealership customers are looking for a practical crossover, a rugged pickup truck, a fun performance car or anything in between, Autotrader thinks the current used market still has excellent options despite the industry turmoil over microchips and high wholesale prices. To help your potential buyers find that perfect match, Autotrader named […] [Read More]

The National Independent Automobile Dealers Association reinforced its experience and knowledge base on Monday with a former independent dealer, Sonic Automotive vice president and respected dealer trainer, who will be a senior moderator/consultant for NIADA Dealer 20 Groups. Coming aboard is Ed Curry, who will moderate retail 20 Groups and will be a strong presence […] [Read More]

It appears that used-vehicle prices have finally peaked. But don’t expect them to come down too much — the year is likely to end with prices still near record highs. [Read More]

As we put together this third installment of “The State of the Used Car Industry” in late June, it appears life — societal, economic, automotive and otherwise — is slowing getting back to normal (fingers crossed; knock on wood). And as the used-car industry emerges from the COVID-19 pandemic, we take an in-depth look at […] [Read More]

TradePending, which provides vehicle valuation and merchandising software to car dealerships, has named a chief financial officer and a director of product. Hired for the CFO post is Tom Parker, who previously held the same position at Agility Recovery. His experience also includes time at Dun & Bradstreet, Global Compliance, CT Corporation and Kroll. Meanwhile, […] [Read More]

Four days after announcing plans to build its first hub in Georgia, CarLotz said Monday it has opened three new hubs, including its first in California. The new hubs are in Bakersfield, Calif.; Clearwater, Fla.; and Highland Park, Ill. The addition of these three hubs in California, Florida and Illinois means CarLotz now has 15 […] [Read More]

McGlinchey Stafford recently added an experienced legal expert whose experience includes time with a luxury brand’s captive finance company. The firm recently welcomed Jason Bichsel to its national consumer financial services compliance practice group as a member (partner) associated with the firm’s Cleveland office. McGlinchey Stafford highlighted Bichsel has extensive in-house legal experience, having most […] [Read More]