Nearly 60% of car buyers responding to a Cars.com survey said the pandemic influenced their decision to purchase a vehicle. More than 50% bought sooner than originally planned, according to the company's national survey of more than 1,500 online respondents, released on Wednesday. Another insight from the survey is that over the past year, at-home […] [Read More]

Handling personal property left in a repossessed vehicle is one of the most difficult industry challenges. It’s one that can result in significant consequences if not completed properly, as highlighted by a consent order made public in October involving the Consumer Financial Protection Bureau (CFPB) and Nissan Motor Acceptance Corp. (NMAC). To help repossession agents, […] [Read More]

Lyamen Savy, who is the founder and chief executive officer of 321 Ignition, joins the Auto Remarketing Podcast to discuss why "mobile-first" dealership websites could be the wave of the future. That trend could be especially important as consumers complete more of the car-shopping and purchasing process online. To listen to this episode, click on the link […] [Read More]

Canadians are driving less. As a result, they are buying less. The result of less driving, says Canadian Black Book, is a reduced sense of urgency when it comes to buying a new vehicle. That is according to a CBB study using Ipsos research on Canadians’ car-buying habits. Other findings of the research: Intent to buy alternative […] [Read More]

Researchers are beginning to examine the possibility of “digital discrimination” in light of a lot of commerce happening online and through mobile technologies. Previous Used Car Week speaker Allen Denson, who is now a partner in the Washington, D.C., office of Venable, joined senior editor Nick Zulovich on the Auto Remarketing Podcast to consider what […] [Read More]

KeyBank recently reinforced its analytics capabilities by entering into a definitive agreement to acquire AQN Strategies, an analytics-driven consultancy with deep expertise in the financial services industry. At the close of the transaction, AQN founder and managing partner Ben Sabloff was named Key’s head of analytics to take responsibility for leading customer-focused analytics strategies across […] [Read More]

FICO continues to receive recognition for its fight against fraud. This week, FICO announced that it has been named the category leader for enterprise fraud solutions in the Chartis 2021 RiskTech Quadrant report for the third year in a row. FIC highlighted that the report ranks the financial services industry’s leading financial crime risk management […] [Read More]

Equifax looked to bolster its employment verification services and other offerings via an acquisition that closed on Tuesday. Equifax announced that it finalized the acquisition of HIREtech, a technology-focused human capital management (HCM) and employer tax incentive firm. With this acquisition, Equifax said it has expanded its workforce solutions’ portfolio with the HIREtech suite of […] [Read More]

The Consumer Financial Protection Bureau (CFPB) made a forceful declaration on Tuesday, stating the “industry is on notice” and that the bureau “will not tolerate illegal discrimination against the LGBTQ+ community.” The regulator issued an interpretive rule clarifying that the prohibition against sex discrimination under the Equal Credit Opportunity Act (ECOA) and Regulation B includes […] [Read More]

March Madness isn’t just happening on the college basketball court. The newest Market Insights from Black Book released on Tuesday showed that each of the 22 vehicle segments analysts track for the weekly update moved higher a week ago. The across-the-board rise pushed car prices higher by 1.11% and truck prices up by 0.58%. In […] [Read More]