For many of us, it feels like 2021 cannot get here soon enough. While we all are ready for a fresh slate, a robust end-of-year auto lending strategy to close out 2020 on a high note and enter 2021 on the right footing will be essential to setting your business up for success in the […] [Read More]

The banking sector generated another major announcement on Monday as the parent companies of Huntington National Bank and TCF National Bank said they plan to merge. The banks said they will combine an all-stock merger with a total market value of approximately $22 billion to create a top 10 U.S. regional bank with dual headquarters […] [Read More]

One of the first Emerging 8 honorees continues to be on an upward trajectory more than a year after receiving the accolade during the Automotive Intelligence Summit. On Monday, TruDecision announced that its advanced analytic platform will be deployed by CIG Financial (CIG) to pursue improved performance and an enhanced dealer experience. Executives explained CIG […] [Read More]

Last Friday, Kathleen Kraninger celebrated her second-year anniversary as director of the Consumer Financial Protection Bureau by highlighting more than 70 accomplishments by the regulator during the past 12 months. “In these challenging times, I’m proud of the work that the bureau has undertaken to protect consumers during the pandemic,” Kraninger said in a news […] [Read More]

Cox Automotive recently launched a new industry measurement called the Dealertrack Credit Availability Index that’s geared to track how the auto-finance market is trending. For the first installment, analysts discovered credit availability continued to improve in November for all types of financing. Cox Automotive indicated the index improved 0.8% in November to 94.8, reflecting that […] [Read More]

Noting that it made the investment to expand its service to West Coast customers, auto retailer HGreg.com closed on its acquisition of Metro INFINITI Monrovia and opened a West Coast regional fulfillment hub. Those are both located in the Greater Los Angeles area. HGreg said that through the acquisitions, it can offer an expanded fleet of […] [Read More]

ReviverMX Inc. is developer of what it describes as the world's first digital license plate, and the plate works through an encrypted app with the ability to renew auto registration without paperwork and display various designs and banners. On Tuesday, ReviverMX said Black Star Fund has made a “significant six-figure” equity investment in the company. […] [Read More]

Consignment-to-retail used vehicle marketplace CarLotz has appointed Michael Chapman as chief marketing officer, noting that he brings more than 20 years of experience as a marketer and strategic planner. Chapman’s appointment comes after CarLotz’s October announcement it would become a public company via a merger with special purpose acquisition company Acamar Partners Acquisition Corp. The […] [Read More]

As part of Used Car Week's National Remarketing Conference, Cherokee Media Group will recognize our National Remarketing Executives of the Year, an award program presented by Auction Management Solutions.  Receiving this year's honors are Jackie Malik and Tony Markel, remarketing supervisors at Credit Acceptance.  Below is a Q&A with them. Auto Remarketing: For each of you, how […] [Read More]

The rush of mergers and acquisitions to close 2020 continued on Thursday with a development involving Wolters Kluwer and eOriginal. According to a news release, Wolters Kluwer Governance, Risk & Compliance (GRC) has signed an agreement to acquire eOriginal, a leading provider of cloud-based digital lending software. It’s a deal the company said is for […] [Read More]