Recent News

FTC, Partners to Promote Education During 17th Annual National Consumer Protection Week March 1-7

Participants to Discuss Imposter Scams During Twitter Chat The Federal Trade Commission and 89 partners including nonprofit groups, businesses, and federal, state and local government agencies across the country will spotlight their efforts to protect consumers...

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Dealertrack Introduces New Inventory Management Mobile App

LAKE SUCCESS, N.Y. — Dealertrack Technologies has introduced its new Inventory+ Mobile app, an innovative and comprehensive inventory management solution that delivers a 3600 view of data insight and analytics with rich mobile and workflow capabilities for...

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TransUnion: Auto Loan Growth Driven by Millennial Originations

CHICAGO — The millennial generation is the fastest-growing segment of auto loan consumers, according to TransUnion’s latest auto report. Millennials — consumers born in 1981 or after — represented 27% of total auto loan originations in 2014,...

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Ford hires 400 more than planned in Canada to support output of new Edge

Ford has hired about 400 more workers than it previously said it would need to build the redesigned Edge crossover in Canada. ... Read More »

U.S. orders Takata to preserve airbag inflators for federal probe

A federal safety regulator on Wednesday ordered troubled Japanese supplier Takata to preserve all airbag inflators removed through a recall process as evidence for a federal investigation and private litigation cases. ... Read More »

Santander Consumer USA to pay $9.35 million settlement over military repos

Santander Consumer USA will pay at least $9.35 million to resolve charges that it improperly repossessed the cars of members of the military, the U.S. Department of Justice said today. ... Read More »

U.S. auto sales roar toward strongest February since 2002

U.S. auto sales are on pace for the best February since 2002, forecasters say, even as relentless snow slowed demand in the Northeast. February is expected to mark the 12th consecutive month of year-over-year gains for the industry. ... Read More »

Sonic is most-improved in Q4 FandI revenue

Sonic Automotive Inc. posted the biggest increase in average FandI revenue per vehicle in the fourth quarter among the six public new-car retail groups, the tallies, completed today, show. ... Read More »

GM cutting production at 2 plants as car inventory mounts, sources say

General Motors is trimming production at two of its car plants amid mounting dealer inventories, an effort to reduce stocks of the Chevrolet Sonic and Camaro, Buick Regal and other models. ... Read More »

Consumer Portfolio gains volume; retraining continues after FTC action

Subprime auto lender Consumer Portfolio Services reported strong volume growth in the fourth quarter and for all of 2014, despite a run-in with the Federal Trade Commission last year. ... Read More »