Evidently, U.S. lawmakers still are unclear about how the Consumer Financial Protection Bureau is going about the policing of indirect auto lending, as another Senate democrat and House republican fired more questions to the new agency. Within four days following this month’s CFPB’s Auto Finance Forum, a member of Senate Banking Committee and the House […] [Read More]

Swapalease.com executive vice president Scot Hall said he believes price trends in the lease market could get “particularly interesting” in coming months, given how lease penetration has remained in the 25-percent ballpark. And there were some rather interesting lease pricing trends spotted by Swapalease in the month of October, as well. Overall, Swapalease found that […] [Read More]

CarProof Vehicle History Reports announced this week it has made a hire in a brand new position: director of financial planning and analysis. Chosen for the role is Alison Doyle, who will be responsible for analyzing company and market data to create "actionable insights," the company said. Doyle will also work to build operating plans […] [Read More]

With its latest move announced Wednesday afternoon, Ally Financial said it has now repaid more than 70 percent of the investment the U.S. Treasury made in the company. Ally completed a private placement of 216,667 shares of Ally common stock for an aggregate price of roughly $1.3 billion, and said it also completed the repurchase […] [Read More]

As Porsche models continued to outpace all other brands in terms of year-over-year increases in consumer activity, NADA Used Car Guide’s newest shopper information showed why pickup prices in the auction lanes are staying so strong. The three leading vehicles among the Top 15 most-researched used models on NADAguides.com in October were pickups. The Ford […] [Read More]

There is no vehicle, industry-wide, that has a stronger residual value forecast than the Toyota Tacoma, according to ALG. But there is one automaker, in particular, that aims to “take on” this residual kingpin with its pair of model-year 2015 midsize pickup launches. That would be General Motors and its 2015 Chevrolet Colorado/GMC Canyon duo. […] [Read More]

Steady is as good an adjective as any to describe credit approval trends in connection to vehicle leases last month, according to data reported on Tuesday by Swapalease.com. Site officials said credit approvals came in relatively unchanged in October compared with the previous month. The year-to-date approvals for customer credit finished October at 72.8 percent, […] [Read More]

ACA International, the Association of Credit and Collection Professionals, recapped why two U.S. District Courts examined messages left for consumers and third parties and found the messages were not communications under the Fair Debt Collection Practices Act. “The issue of leaving messages for consumers continues to receive scrutiny in the courts,” ACA officials said. “While […] [Read More]

ALG announced the winners of its 14th annual Residual Value Awards on Monday, and while a repeat winner topped the Mainstream Brand category, a seven-year streak was broken on the Premium Brand side. For the first time since 2005, a non-Japanese brand took top honors among premium brands, as Mercedes-Benz earned this distinction for 2013. […] [Read More]

Not only are Americans getting the snow tire chains out, but they may also be heading to the lots for a more reliable winter-weather vehicle. With winter temperatures setting in across the country, the latest installment of vehicle scarcity data that is provided monthly to Auto Remarketing by AutoTrader.com, shows “trucks and SUVs are in […] [Read More]