Recent News

FTC Approves Final Order Imposing Conditions on Construction Company CRH plc

As a condition of acquiring competitor Ash Grove Cement Company, CRH will divest facilities in 3 states Following a public comment period, the Federal Trade Commission has approved a final orderĀ settling charges that Dublin, Ireland-based construction company...

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Toyota quarterly profit jumps 19% on Asia sales

Toyota's global profit rose a 19 percent in the latest quarter but earnings fell 29 percent in North America, the company's biggest market. ... Read More »

HIS Markit: SUV Shift Not Prominent Among All Groups

SOUTHFIELD, Mich. — Consumer preferences for SUVs continue to rise, and at a faster pace than five years ago, according to a new loyalty and defection based on new loyalty and defection analysis from IHS Markit.According to the firm, more than 35% of U.S....

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KBB: Avg. Transaction Prices in June Rise 3%

IRVINE, Calif. — Thanks to market demand quickly backing away from cars, average transaction prices in July rose 2.9% from a year ago, or $985, to $35,359, Kelley Blue Book reported this week.Cars are expected to make up only 31% of July sales, down from...

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FTC Charges Arizona Group With Falsifying Income on Consumer Credit Apps

WASHINGTON, D.C. — Three weeks after announcing the completion of a seven-state sweep regarding compliance with its Used Car Rule, the Federal Trade Commission announced on Wednesday it has charged a group of four dealerships with a range of illegal activities,...

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Mike Manley’s first big decision: FCA turned away potential buyers in Magneti Marelli

Fiat Chrysler Automobiles is sticking with plans to spin off its Magneti Marelli unit after fielding interest from potential buyers for the supplier. ... Read More »

Why FCA is recalling a million Ram trucks

Fiat Chrysler said 1,149,237 Ram pickups in the U.S. are estimated to have the defect, along with 260,315 in Canada, 19,432 in Mexico and 25,361 in other markets. ... Read More »

TradeRev, CarsArrive Offer Free Vehicle Transportation

CARMEL, Ind. — Digital auction platform provider TradeRev partnered with CarsArrive Network to save dealers money while fostering an expanded, coast-to-coast auction marketplace, the companies announced. TradeRev is offering free vehicle transportation for...

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WHAT HAPPENS NEXT: New vehicle emissions proposal starts process for final rule

The EPA and NHTSA released their joint notice of proposed rulemaking Thursday for the 2021-25 model year emissions standards. Here's what happens next. ... Read More »

Reaction to Trump’s proposed rollback of fuel-economy and greenhouse gas standards

"Mark my words," says auto dealer Adam Lee. "This rollback will be bad for business." ... Read More »
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