Doug Timmerman, interim CEO of Ally Financial and president of Ally’s dealer financial services division, was named 2024 Auto Finance Executive of the Year by Black Book. +
Former Consumer Financial Protection Bureau attorney Tom Oscherwitz says a review of the agency's own data proves its stated priorities fail to reflect the issues car buyers are actually complaining about. +
Wolters Kluwer’s Q3 Auto Finance Digital Transformation Index shows econtracting adoption slowed in the third quarter but continues to advance in year-over-year and four-year trends. +
Volkswagen’s decision to bypass its U.S. dealer network and sell Scout Motors EVs directly to consumers drew a swift rebuke from national and state dealer associations. +
Anomaly Labs CEO Marty Hu believes his company’s AI-powered F&I training tool will help dealers complete compliance checklists while F&I professionals sharpen their skills again AI “customers.” +
Automated warranty processing solutions provider WarrCloud said it raised $20 million from Series B investors in a funding round led by Centana Growth Partners. +
Administration software provider PCMI announced that Integrity Warranty has joined PCMI’s Policy Claim and Reporting Solutions platform. +
Analysts say more than one-third of upside-down car buyers owed more than $10,000 on their prior loans in the third quarter, with 7.5% owing more than $15,000. +
Edmunds analysts fear a growing number of 84-month auto loans could indicate that new-vehicle buyers are stretching beyond their financial means. +
EFG Companies announced the launch of Wealth Builder Profit Participation Suite, a new program that guarantees a profit per unit retailed increase of $206,400 per F&I producer, per year. +
