Finance companies that reach consent orders with the Consumer Financial Protection Bureau received a bit more clarity about them this week. The bureau issued a policy statement on applications for early termination of consent orders that outlines process for entities subject to a consent order and the standards that the bureau intends to use when […] [Read More]

There is likely to be 36.1 million used-vehicle sales this year, according to the latest forecast from Cox Automotive. But that projection, and the company’s forecast for new-car sales, could hinge on whether another federal stimulus package arrives. To better illustrate that dynamic during Wednesday’s quarterly Manheim Used Vehicle Value index call, Cox Automotive's Jonathan […] [Read More]

Monday will mark the opening of the newest Byrider location in Michigan. The Bill Marsh Automotive Group is set to begin retailing vehicles within the Byrider network of buy-here, pay-here dealerships at its new location in Wyoming, Mich. The facility will be group’s third Byrider location, as it also has dealerships in Traverse City and […] [Read More]

Illinois independent dealer Eric Nelson isn’t really sure what he’s going to do with his new acquisition. That really wasn’t on his mind when he bought the head-turning, late-model sports car. Rather, Nelson was thinking more about where his money was going. Nelson, owner of Nelson Automotive in Mt. Prospect, Ill., and the 2015 Illinois […] [Read More]

Experian’s closing installment of its State of the Automotive Finance Market report for 2018 indicated vehicles with the highest market share for new-model leasing included SUVs like the Chevrolet Equinox, Toyota RAV4, Nissan Rogue and Jeep Grand Cherokee as well as Honda’s popular sedans, the Civic and Accord. Those particular vehicles could be part of […] [Read More]

According to Experian’s latest State of Alternative Credit Data report, 80% of consumers feel including items such as utility or mobile phone payment history would have a positive impact on their credit score. And nearly 90% of finance believe alternative credit data allows them to extend credit to more consumers. Experian vice president of data […] [Read More]

Even beyond its announced sale of ALG to J.D. Power, it has been a busy news cycle at TrueCar. Company president and chief executive officer Mike Darrow joins the Auto Remarketing Podcast to discuss some of the latest happenings at TrueCar, including the company's latest news on the digital retail front, news around its affinity programs, its marketing […] [Read More]

Ford earned six awards, including Best CPO Value Truck brand, as Vincentric announced its third-annual Best Certified Pre-Owned Value in Canada Awards on Tuesday. Acura also had a strong 2020 showing. That brand earned five total awards, including Best CPO Value Luxury SUV & Crossover brand. Audi and Mazda won four awards each. Audi earned […] [Read More]

Spiffy began as a mobile car wash and detailing service, but has since expanded to cover other aspects of car care, like oil changes, tire replacement and vehicle disinfection. And Wednesday, the company announced a trio of partnerships and a third-party marketplace that address the needs of vehicle ownership to an even deeper degree — and […] [Read More]

Despite a cautionary tone from the Federal Reserve chairman about what is — or is not — being done by federal lawmakers, one survey showed consumers appear poised to spend more in the fourth quarter and beyond. While Fed chair Jerome Powell said an “expansion is still far from complete,” advertising technology provider OpenX discovered […] [Read More]