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]

The National Highway Traffic Safety Administration said Mazda North America Operations is recalling 42,000 Mazda6 vehicles from the 2010 through 2012 model years and equipped with a 2.5L engine. NHTSA explained that in the affected vehicles manufactured between Sept. 14, 2009 and May 2, 2011, spiders may weave a web in the evaporative canister vent […] [Read More]

With a former OEM chief executive officer joining its board and paperwork filed for an initial public offering, activity is buzzing at TrueCar. That IPO paperwork filed with the Securities and Exchange Commission offered a glimpse as to what’s going on underneath the hood of the lead-generation website. TrueCar indicated the number of common shares […] [Read More]

CarMax revealed late last week results for Q4 and its fiscal year, which ended on Feb. 28, showing an almost 20 percent yearly gain in used sales. This also marks the first fiscal year the dealer group has ever retailed more than 500,000 vehicles. Specifically, the dealer group saw total used unit sales rise by […] [Read More]

Donlen recently announced plans for its 50th anniversary celebration. The company will hold its celebration events in tandem with the NAFA Institute and Expo 2014, scheduled for April 8-11 in Minneapolis. The company’s main anniversary event will be a 50th birthday celebration planned for April 9, which will include a concert from an undisclosed band. […] [Read More]

Allstate Credit Acceptance recently announced its plans to offer bids for near-prime and prime auto loan portfolios. Officials indicated pools that will be considered for purchase must have a minimum balance of $30 million and can run up to $200 million. “These pools can have very little seasoning with terms as high as 84 months […] [Read More]

A lawsuit filed by New York’s attorney general resulted in a shutdown of an independent dealer because a law enforcement investigation found the store misled customers and failed to pay off liens on used vehicles. Attorney General Eric Schneiderman said earlier this week that Frontier Autohaus located in Rochester, N.Y., accepted trade-ins that still had […] [Read More]

Consumers from up and down the credit spectrum have been able to secure vehicle financing relatively easily for the past 12 months, leading a resurgence in originations and sales of both used and new vehicles. While that financing faucet is currently flowing strong, analysts from NADA Used Car Guide contend that stream might slacken a […] [Read More]