Experts at Carleton acknowledged calculating add-on interest isn’t as prevalent as it once was with finance companies and other lenders using simple-interest calculations more often nowadays. However, to help companies keep their calculations straight, Carleton recently offered guidance so managers ... [Read More]

There are now three commissioners on staff at the Federal Trade Commission. Last week, the Senate confirmed Mark Meador as an FTC commissioner to serve a term that will expire on Sept. 25, 2031. That brings the active commissioner number ... [Read More]

While President Trump has high hopes for the economic future, it might now be challenging getting vehicles delivered and contracts booked. Why? Perhaps it’s because the industry is facing plenty of consumer headwinds, including what Cox Automotive chief economist Jonathan ... [Read More]

Anecdotal conversations that Cherokee Media Group shared with Auto Intel Summit attendees last week generally indicated that dealers and lenders are not having too much trouble getting potential vehicle buyers the financing they need to take delivery. The newest Dealertrack ... [Read More]

Credit Acceptance, EFG Companies and Western Funding all announced in recent days that they received awards associated with their operations connected to auto financing. Beginning Credit Acceptance, the company specializing in subprime auto financing said it has been named one ... [Read More]

With an eye toward national expansion among other growth objectives, Veros Credit on Monday announced a strategic investment from ITOCHU International, a global leader in trading and investment. According to a news release, the investment may result in ITOCHU acquiring ... [Read More]

On Thursday, Insight LPR joined the recent conversation about license plate recognition technology in the repossession industry public square started by the American Recovery Association and DRN. In a letter signed by president John Nethery and sent to Cherokee Media ... [Read More]

DRN president Jeremiah Wheeler appeared on the Auto Remarketing Podcast this week to continue the intensifying dialogue about license plate recognition technology. Wheeler elaborated about the company’s response to assertions made by the American Recovery Association and what he hopes ... [Read More]

If it took some extra finagling to get your contracts bought during the first quarter — especially in connection with new vehicles — the latest financing data from Edmunds might support the reasons why. While the metrics for used-car financing ... [Read More]

Within a month of rolling out a tool designed to automatically verify lienholder changes, MBSi introduced another solution aimed at improving processes associated with vehicle repossessions. MBSi highlighted that this new tool — Smart Invoicing — was designed in collaboration ... [Read More]