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Alabama Attorney General Luther Strange was granted a temporary restraining order against the owners of a used-car dealership, as well as permission to seize the dealer’s property.
Read More →The millennial generation is the fastest-growing segment of auto loan consumers, representing 27% of total auto loan originations in 2014, according to data from TransUnion.
Read More →Dealertrack has introduced its new Inventory+ Mobile app, a comprehensive inventory management solution. The app replaces Dealertrack’s existing TrueTarget Mobile app.
Read More →For the sixth time, President Barack Obama has included language in his annual budget that would end some of the tax benefits enjoyed by reinsurers. Market insiders don’t believe it will gain support from the Republican-controlled Congress.
Read More →ADESA will not participate in the automotive remarketing industry's initiative to establish a platform that would allow simultaneous bidding on vehicles listed on multiple online auction sites.
Read More →US Equity Advantage, a provider of biweekly payment programs, has integrated with VisionMenu Inc.’s software-selling platform.
Read More →Consumer Portfolio Services CEO Charles Bradley laid out the lender’s compliance efforts during a quarterly earnings call last week. The finance source’s subprime lending activities are currently being investigated by Department of Justice.
Read More →Service Payment Plan's dealers will not be able to erate, econtract and eregister all of the company’s payment plan contracts.
Read More →Total light-vehicle retail sales are expected to reach 1.3 million units in February, the highest total for the month since 2002, according to projections from J.D. Power and LMC Automotive.
Read More →A coalition of five trade groups representing the nation’s largest auto finance sources urged the CFPB to review and respond publicly to a study that questions its methodology for measuring disparities in dealer reserve.
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