Along with some insight regarding behavior of new college graduates, Swapalease.com on Monday reported credit applicants for vehicle lease transfers dropped in April on both a sequential and year-over-year basis. However, the downward movements didn’t surprise site officials. The site indicated applications coming into its pipeline registered only a 60.0 percent approval rate for April, […] [Read More]

Since introducing its services to 17 cities in the past year-and-a-half, Maven has expanded its operations in New York City in order to offer residents Maven City, its fully connected car-sharing solution, the General Motors brand announced on Monday. "New York City has been part of the fabric of Maven since we launched the brand here in […] [Read More]

So far this year, a wide array of investment analysts are asking finance companies that bring in any non-prime or subprime paper about their current risk appetite. Another occasion came when Santander Consumer USA hosted its quarterly conference call recently, in which the finance provider reported a total year-over-year origination volume drop of 21 percent […] [Read More]

A fifth person has died from a crash earlier this month at Lynnway Auto Auction in Billerica, Mass. In a statement released on Saturday evening, Middlesex District Attorney Marian Ryan and Billerica Chief of Police Daniel Rosa said Ruben Espaillat, 55, died Saturday at Lahey Hospital. The DA’s office, Billerica Police and the Massachusetts State […] [Read More]

Whether they’re hauling surfboards in California, trekking mountains in Carolina or navigating the Capital Beltway, used-car shoppers, as it turns out, are apparently big fans of the Jeep Wrangler. CarMax looked at search data from its website and found that, so far this year, the Wrangler has been the most-searched-for used vehicle nationwide. It wasn't […] [Read More]

Fiat Chrysler said on Friday that the automaker is voluntarily recalling an estimated 1 million trucks in the U.S. and more than 200,000 units in Canada to reprogram computer modules that help control restraint-system deployment in rollover situations. Affected vehicles are certain 2013 through 2016 Ram 1500 and 2500 pickups, and 2014 through 2016 Ram […] [Read More]

While quality and affordability are regarded as key decision factors when purchasing a car, America’s growing group of millennial consumers are most likely to consider brands that fit with their personal image instead, according to Cambridge Analytica, a data analytics and behavioral communications provider  “Finding brands which fit their personal image was the largest growing […] [Read More]

Sheehy Auto Stores has launched its 20th annual Sheehy 8000 sales event, a three-week community-wide effort to raise funds for the American Heart Association, the group announced on Friday. Throughout the rest of the month, each of Sheehy Auto's dealerships throughout Washington, D.C.; Richmond, Va.; and Baltimore will host a variety of initiatives in support of the fundraiser before […] [Read More]

Along with increasing its common stock share repurchase authorization, Group 1 Automotive on Friday announced that Stephen Quinn has been elected by its board to serve as non-executive chairman of its board of directors. Group 1 indicated Quinn has served as a director of the company since May 2002, and currently serves on the board […] [Read More]

The National Automobile Dealer Association recently highlighted a new resource for members is now available: “A Dealer Guide to the FTC Used Car Rule.” Members can secure it through NADA University Online. Association officials explained the material provides an overview of the revised Used Car Rule from the Federal Trade Commission, including details about the […] [Read More]