Mosaic Compliance Services announced the launch of AuditF&I, a new continuous compliance monitoring solution designed to help dealers confirm and document compliance with state and federal requirements. +
Arra Finance has agreed to acquire Crescent Bank’s automotive division, quadrupling origination volume and adding about 180 employees, $1 billion in assets and $815 million in existing auto loans. +
President Donald Trump signed three resolutions revoking waivers that allowed California and 11 other states to set emissions standards and restrict sales of gas-powered vehicles. +
An executive order and recent FTC activity suggests the legal theory’s days are numbered. How should dealers respond? Carefully, advises attorney and Mosaic Compliance Services CEO Jim Ganther.
Dealertrack’s Credit Availability Index maintained a steady upward course in May, improving to 96.7, a modest month-over-month increase and a nearly three-year high. +
The percentage of borrowers more than 60 days past due on their auto loans increased by five basis points year-over-year to 1.38%, according to the latest quarterly report from TransUnion. +
Experian reports the average amount financed for a new vehicle purchase in Q1 was $41,720, with an average monthly payment of $745, up from $40,610 and $737 in the prior-year quarter. +
Protective’s Tim Blochowiak offers a playbook for dealers who want to protect their customers, create a competitive advantage in sales and service, and accelerate their wealth-building programs. +
Dealers, insurance providers, finance sources and rental agencies are under attack, leading Veridos America’s Jim Marsh to advocate for an industrywide effort to properly verify identities. +
Regulators will no longer pursue discriminatory pricing charges against three Texas dealerships owned by Asbury Automotive following an executive order challenging the legal theory of disparate impact. +
