Recent News

U.S. highway bill would triple penalty cap on auto safety violations

The cap on civil penalties that can be levied by U.S. auto safety regulators would be tripled to $105 million under a five-year highway bill expected to see a vote by the U.S. House and Senate this week. ... Read More »

Experian: Leasing Maintains Record Pace in Q3

SCHAUMBURG, Ill. — Experian Automotive reported today that the percentage of vehicles leased during the third quarter reached its highest point since the firm began tracking auto finance data in 2006, accounting for nearly 27% of all new-vehicle transactions.The...

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Volkswagen Suffers 24.7% Drop in Unit Sales

HERNDON, Va. — The effects of Volkswagen’s diesel engine scandal are beginning to sink in, with the manufacturer’s November unit sales dropping 24.72% from a year ago. Kelley Blue Book and Autotrader analysts said today they aren’t optimistic...

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Mercedes completes U.S. tally with 12% Nov. decline

Mercedes-Benz posted a 12 percent decline in U.S. sales for November -- its biggest drop in more than six years -- wrapping up a rare two-day tally of monthly deliveries. ... Read More »

KBB, Autotrader Report Strong November Unit Sales

IRVINE, Calif., and ATLANTA — Autotrader and Kelley Blue Book reported stronger-than-expected auto sales during the month of November. The overall industry health is looking strong; however, there are a few risk factors that are worth paying attention to...

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The 2015 annual report from the CFPB Ombudsman’s Office

Today, I want to share with you the CFPB Ombudsman’s annual report, which I delivered to Director Cordray. The CFPB Ombudsman’s Office is an independent, impartial, and confidential resource that assists consumers and companies in informally resolving issues...

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FTC Halts Online ‘Yellow Pages’ Scammers

Canada-Based Schemes Targeted Small Businesses, Nonprofits in U.S. At the Federal Trade Commission’s request, a federal court has banned the Montreal, Quebec, area-based operators of a business directory scam from the directory business and ordered them to pay...

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FTC Halts Online ‘Yellow Pages’ Scammers

Canada-Based Schemes Targeted Small Businesses, Nonprofits in U.S. At the Federal Trade Commission’s request, a federal court has banned the Montreal, Quebec, area-based operators of a business directory scam from the directory business and ordered them to pay...

... Read More »

DOT’s Foxx convenes 15 auto executives to discuss safety issues

Senior executives from 15 automakers met Tuesday with U.S. Transportation Secretary Anthony Foxx to discuss broad improvements to auto safety after several major defect crises have tarnished the industry's reputation in recent years. ... Read More »

In chase for record, it all comes down to December’s deals

U.S. auto sales through the first 11 months are a third of a million behind the record-setting 2000 pace. Manufacturers won't be able to resist going for a new record.In chase for record, it all comes down to December's deals. ... Read More »
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