U.S. Attorney Jay Clayton announced bank and wire fraud charges against Tricolor’s former CEO and COO and guilty pleas for two executives who are cooperating with prosecutors. +
Dealertrack’s Credit Availability index climbed to 99.1 in November, a new high for 2025 and its best level since October 2022, buoyed by higher approval rates and down payments. +
Miami Police have accused Yuddy Mejias of issuing more than $1 million in checks to her husband and son and manipulating Brickell Motors’ accounting system to hide the theft. +
Chairman Jerome Powell announced an expected reduction to the Federal Reserve’s target lending rate, which now sits at 3.5% to 3.75% after three quarter-point cuts this year. +
Experian Automotive’s Q3 auto finance report finds EVs were leased at a significantly higher rate than a year ago, setting the stage for a future disruption to the used car market. +
Former Protective Asset Protection executive Rob Johnson was selected from a field of more than 100 applicants to serve as vice president of acquisition for Ascent Dealer Services. +
700Credit executives say an October cyberattack exposed the personal data of dealership customers and they have been working with NADA to craft a dealer action plan. +
U.S. dealers enjoyed gains in F&I profit per vehicle retailed, products per deal and monthly F&I income in the third quarter, offsetting losses in average front end gross and total gross per vehicle. +
DataBreach.io reports records stolen from 700Credit in an October cyberattack are being offered for sale on the dark web with an asking price of $8.4 million. +
iTapMenu’s new Remote Menu feature was designed to allow F&I professionals to deliver complete, interactive menu presentations to customers’ personal devices via text. +
