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Newsby StaffMay 31, 2022

Former CFPB Assistant Director Rick Hackett Joins F&I Sentinel Advisory Board

Hackett helped lead the CFPB’s initial charter into the auto finance industry, tasked with guiding strategy for examining and investigating dealer participation programs.

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Newsby StaffMay 31, 2022

Traver Connect Announces Service BDC Capsule, Bringing Greater Visibility to BDC Success Metrics

With the mission of putting the power of business intelligence back into the hands of the BDC Manager, the launch of this all-in-one solution offers the most complete toolbox for service BDCs in the automotive industry to date.

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Newsby StaffMay 31, 2022

Solera Auto Finance Builds Momentum and Advances to 20 States

Powered by its robust offering, SAF continues to sign dealer agreements and fund loans.

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Newsby StaffMay 26, 2022

Wolters Kluwer Unveils Auto Finance Digital Transformation Index for First Quarter

Auto finance and dealer service providers have seen a 81.11% growth in digital transactions over the last twelve months leveraging digital contract and financial documentation.

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Newsby StaffMay 26, 2022

ZeroSum Market First Report: May 2022 Automotive Inventory Data and Sales Forecasts

As new vehicle inventory remains constant, and prices for both new and used cars begin to level off, dealers are continuing to benefit from high levels of profit.

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Newsby StaffMay 25, 2022

BMW Announces It will Meet 2022 Output Targets

Port congestion in China, closures in Ukraine, and ongoing supply chain issues will not slow output, reported Milan Nedeljkovic, production chief for BMW AG.

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Newsby StaffMay 25, 2022

Toyota Announces Plans to Cut Global Production Amid Chip Shortage

Toyota Motor Corp will cut global production by about 100,000 to roughly 850,000 vehicles in June due to the semiconductor shortage.

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Newsby StaffMay 24, 2022

BMW, Toyota Back on Top as America's Most-Shopped Vehicle Brands

High gas prices lead more shoppers to consider traditional sedans and hybrids in the first quarter of 2022, likely benefiting Toyota.

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Newsby StaffMay 24, 2022

Black Book Market Insights

The overall market continued to experience increases last week, with the more fuel-efficient segments reporting some of the largest gains.

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Newsby StaffMay 24, 2022

GM Delays Plans to Hire 3,000 Salaried Workers

The company plans to delay filling some open positions after hiring 7,000 new salaried workers already in 2022.

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