Recent News

Chevy Cruze diesel hatchback may claim highway mpg crown

Chevrolet plans to equip the Cruze diesel with a six-speed manual or nine-speed automatic transmission that could deliver 50 mpg on the highway. ... Read More »

More Americans falling behind on car loan payments, S&P says

Subprime borrowers are falling behind on their car loan payments at the highest rate in more than six years, according to SandP Global Ratings. ... Read More »

Toyota raises concerns about California self-driving oversight

A Toyota official raised concerns about California's plans to require compliance with a planned U.S. autonomous vehicle safety check list, calling it "preposterous." ... Read More »

CFPB survives legal attack as court trims director’s power

The CFPB survived a constitutional challenge and will remain in business, though a federal appeals court took away power from its director and tossed out a $109 million penalty against a mortgage company. ... Read More »

Federal Appeals Court Rules CFPB Structure Unconstitutional

WASHINGTON, D.C. — On Tuesday, a federal appeals court ruled that the structure of the Consumer Financial Protection Bureau is unconstitutional. The appellant court’s main issue is the bureau’s single director, which it found “possesses...

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Dealertrack: Millennial Stereotypes Aren’t Entirely True

LAKE SUCCESS, N.Y. — The perception that millennials — consumers ages 18-34 — are content with a carless, ride-hailing life may not be true after all, at least according to new data from Dealertrack.In 2015, a record-setting sales year, millennials...

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DRIVIN Launches Marketplace Platform

CHICAGO — This week, DRIVIN, a data-driven service that helps dealers sell, source, acquire, and deliver used vehicles, announced the launch of the DRIVIN Marketplace.  Through this marketplace, dealers can list and remarket unwanted invenstory at wholesale...

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Manheim Vehicle Solutions Gets New Senior VP

ATLANTA — Cox Automotive has appointed Joe George as senior vice president of Manheim Vehicle Solutions. He will be responsible for strategy to execution, driving the wholesale and retail solutions long-term plan related to reconditioning, imaging purchase...

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New York Increases Surety Bond Amount for the State’s Used-Vehicle Dealers

NEW YORK — On Sept. 29, Governor Andrew Cuomo signed into law a piece of legislation that will increase the surety bond amounts required for used-vehicle dealers to become licensed. The new requirement will take effect on March 28, 2017. “The previous...

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Ford recalls 1,900 new Lincoln Continentals to fix headlamp assemblies

Ford said today it is recalling nearly 1,900 2017 Lincoln Continentals in the U.S. and Canada for possible defective headlamp assemblies. The vehicles went on sale in the U.S. last month, with 775 sold in September. ... Read More »