The Consumer Financial Protection Bureau (CFPB) launched an initiative on Wednesday in connection with what the federal regulator called “exploitative junk fees” charged by banks and financial companies. The CFPB said through a news release that it’s making this request so the public can share input that will help shape the agency’s rulemaking and guidance […] [Read More]

Top leadership changes at Reynolds and Reynolds continued on Thursday with the company finalizing its revamped executive team. The provider of dealership forms and software announced that Chris Walsh, formerly the executive vice president of sales and marketing, has been named president of Reynolds and Reynolds, and that Willie Daughters, the executive vice president of […] [Read More]

The Canadian wholesale vehicle market closed 2021 with 21 consecutive week-over-week increases. And then, 2022 started with two straight declines, according to Canadian Black Book, which said overall market prices fell 0.10% the week ending Jan. 7 and 0.05% the week ending Jan. 14. The third week of the month (ending Jan. 21) wholesale prices were […] [Read More]

Ford is giving its online used-vehicle marketplace an upgrade, adding a 14-day/1,000-mile money-back guarantee to the Ford Blue Advantage platform. In a news release Thursday, Ford called the new guarantee the “best offered from full-line automakers and its dealers” with an aim to provide a better experience for the customer and stand out in a […] [Read More]

Electric vehicles took some time to gain steam in the new-car market, but once they did, sales took off like a rocket. Given the measured pace of new EV sales in the years prior to the acceleration in 2021, pre-owned EVs remain a “niche market,” due to the resulting low supply and other considerations, says […] [Read More]

Carvana has added its 312th market, announcing Wednesday that its home delivery is now available in the Cape Girardeau area of Missouri. The company launched in Joplin and Springfield back in September, bringing its market count in the state to six, at that time. “Today’s launch in Cape Girardeau offers even more residents in Missouri an […] [Read More]

Two dealership service providers in the news recently now are working together, leveraging the capabilities of artificial intelligence (AI). ProMax — which said it plans to nearly double its employee base in the coming year — and SpinCar — which was chosen to be a part of General Motors’ omnichannel used-car sales platform — announced […] [Read More]

IAA made another move on Wednesday to reinforce its European operations. The company announced that it has secured ground for the construction of a new full-service facility in Bristol, located in the southwest region of the United Kingdom. IAA said through a news release that the additional capacity resulting from the new location will help […] [Read More]

Whether it’s the digital path to land auto financing or a spouse, fraud can infiltrate the process, potentially resulting in a broken bank account or heart. Experian recently released its annual Future of Fraud Forecast, which reveals five fraud threats for the new year. With consumers continuing to take a digital-first approach to everything from […] [Read More]

Since the pandemic still is causing plenty of problems, the three nationwide credit reporting agencies are continuing information availability for consumers that first launched when COVID-19 arrived. This week, Equifax, Experian and TransUnion extended their pandemic response service by offering free weekly credit reports to consumers through the end of 2022. The companies said this […] [Read More]