It turned out to be an active holiday season at the Consumer Financial Protection Bureau. Along with naming two new staff members and reaching a consent order with a provider of personal loans, the CFPB also penalized Santander Consumer USA for the second time in three years. The bureau issued a consent order against Santander to […] [Read More]

Saying that expansions will remain an important aspect of its investment strategy, global digital marketplace IAA said it was increasing capacity of its IAA High Desert branch in California and would also increase capacity in the overall Boston market. Regarding expansions in IAA’s Boston market, which will span the IAA Taunton, Templeton, and Shirley branch […] [Read More]

The entire team at Cherokee Media Group wishes you a safe and happy holiday season and a joyous new year. Saturday's issue of Best of CMG Premium will be the final regularly scheduled e-newsletter from our team in 2020 before we take a holiday break. We thank you for your interest, support, readership and feedback this year. The Cherokee […] [Read More]

ACV Auctions has redesigned its online buying experience, launching Marketplace 2.0 on Friday. The revamped marketplace is designed to provide a more streamlined interface, customized alerts, real-time notifications on auction activity, as well as new options for searching, browsing and filtering. “For dealers, time is money, and our platform enables them to make the most […] [Read More]

Westlake Financial certainly appears to see immense value in the potential of subscriptions of used vehicles, saying that they might be at the development stage where leasing sat four decades ago. In fact, the company pegged that possible value at $400 million. Late Thursday, NextCar Holding Company (NXCR), a fintech and insurtech vehicle subscription platform, […] [Read More]

Roger Dean Chevrolet, located in West Palm Beach, Fla., is now Mike Maroone Chevrolet,  as Maroone USA takes on full ownership of the dealership. Maroone USA, which operates six dealerships in Florida and Colorado, said it partnered in 2017 with Patty Dean, daughter of namesake Roger Dean, to jointly own and manage the West Palm […] [Read More]

Ford’s model-level strength helped it perform well in the eighth annual Vincentric Best Certified Pre-Owned Value in America Awards. Although Ford won more model-level awards than any other brand with eight, Toyota and Honda also had a strong showing with four model-level awards each. Vincentric president David Wurster said many people in the United States […] [Read More]

For Ford and Lincoln dealers that don’t already capture enough off-lease turn-ins to meet their inventory requirements, Ford Credit’s dealer-direct purchasing site, Accelerate, is now integrated with vAuto’s Stockwave used vehicle platform. In an effort to save time and energy, vAuto explained in Thursday’s announcement that the new integration can help eliminate the guesswork of […] [Read More]

Tricolor, the used-vehicle retailer focused on Hispanic customers, recently added to leaders to its board of directors to help it to capitalize on consumer demand for its products and the appeal of its unique mission-driven, risk scoring platform powered by artificial intelligence. Kathryn Petralia, the co-founder and president of Kabbage, and Antonio Garza, who previously […] [Read More]

The Indianapolis Business Journal named Byrider’s Steve Mark as one of the publication’s Chief Financial Officer of the Year honorees this week, recognizing individuals who have demonstrated outstanding performance as financial leaders of their organizations. During his time at Byrider as CFO, the buy-here, pay-here franchise network highlighted that Mark made preparedness and transparency top […] [Read More]