Tax season evidently helped the used-vehicle sales market rebound nicely as the first quarter closed. CNW Research reported monthly used-vehicle sales surpassed 3 million units for the first time this year as analysts computed the March figure came in at 3.088 million. That figure represents a gain of more than 50 percent from February’s sales […] [Read More]

Manheim Consulting indicated new-vehicle leasing increased by more than 10 percent year-over-year during the first quarter, marking the eighth quarter in a row the market penetration rise has been by at least that amount. During his quarterly conference call on Monday, Manheim chief economist Tom Webb explained how that development might be pointing toward another […] [Read More]

Ford announced two separate recalls on Monday, totaling more than 400,000 units in the U.S. and Canada. By far the larger of the two campaigns is for 385,762 Ford Escape vehicles from the 2001 through 2004 model years. Ford is making the recall to address a potential subframe corrosion issue that may cause the lower […] [Read More]

Vincentric announced its 2014 Best Fleet Value in American award winners on Monday. Two domestic manufacturers — General Motors and Ford Motor Co. — led the pack with eight award-winning vehicles each. Toyota and Nissan also came out in front, with both company bringing home five Vincentric awards. Rounding out the leaders, Chrysler was presented […] [Read More]

First it was 67 percent. Then it was 71 percent. And finally, this past week, auction prices are still on the way up even as tax season approaches closure. Last week, according to Black Book data, the level of price changes that were increases came in at 77 percent. Ricky Beggs, Black Book editorial director […] [Read More]

Following emotional U.S. House committee testimony by a senior enforcement attorney at the Consumer Financial Protection Bureau about alleged discrimination happening within the agency, the bureau’s director said the agency has “been doing some hard thinking” about its diversity policies. Two days after Angela Martin told lawmakers about her ordeal at the bureau that according […] [Read More]

CNW Research reported that March used-vehicle sales rebounded significantly versus the previous month in part to a surge of subprime buyers during the peak of tax season. Monthly used-vehicle sales surpassed 3 million units for the first time this year as CNW computed the March figure came in at 3.088 million. That figure represents a […] [Read More]

During a speech last week to the American Bar Association, Richard Cordray again described the rule-making process the Consumer Financial Protection Bureau uses. The director also touched on a new project labeled, “regulatory implementation.” When creating new or modifying current rules, Cordray explained how the process is intended to unfold using the example of a […] [Read More]

In what began earlier this month, Honda has found another way to honor its associates that not only excel within the company, but also take time to play active roles in their communities, as well. Through the company’s new video series titled, “What Makes a Honda is Who Makes a Honda,” Honda will introduce 12 […] [Read More]

Former vice presidential candidate and Wisconsin Rep. Paul Ryan is the newest addition to the speaker lineup for the eighth annual International Auto Industry Summit orchestrated by the American International Auto Dealers Association. The event is set for May 7 and 8 in Washington, D.C. Along with Ryan, the agenda includes appearances by Cook Political […] [Read More]