American Honda said last week it will recall more than 180,000 units because of an issue with the brake shift interlock system. The campaign covers approximately 128,000 Honda CR-V vehicles and 59,000 Honda Odyssey vehicles from the 2012–2013 model years and 17,500 Acura RDX vehicles from the 2013 model year in the U.S. The recall […] [Read More]

Dealers in the cities named by Cars.com as having the “greenest car shoppers” might want to consider ramping up their more fuel-efficient options. Late last week, the site compiled a list of U.S. cities with the most environmentally-conscious car shoppers. From San Diego to Washington D.C., the list goes coast-to-coast. That said, the study indicated […] [Read More]

McLEAN, Va. — Capital One Auto Finance posted a sequential gain in originations during the first quarter, pushing its total vehicle financing portfolio up by 3 percent. The company reported Q1 originations of $3.78 billion, up from $3.48 billion in the previous quarter. The performance increased Capital One's period-end loans in auto finance by $817 […] [Read More]

CENTENNIAL, Colo. — CU Direct Connect — a credit union service organization that provides a vehicle lending platform and origination funding support to credit unions and dealerships in Colorado — generated double-digit growth in a number of metrics during the first quarter. Through March 31, CU Direct Connect said its funding volume rose 23 percent […] [Read More]

CRYSTAL LAKE, Ill. — Automotive Compliance Consultants recently joined American Financial Services Association in response to moves made by the Consumer Financial Protection Bureau. Automotive Compliance Consultants chief executive officer Terry Dortch explained the firm joined AFSA to engage with its members and committees. Dortch added ACC looks to be at the forefront of an […] [Read More]

DETROIT — Consumers in Detroit and Atlanta will have an opportunity to boost their money smarts this month with the return of Money Smart Week. Ally Financial is hosting 14 financial literacy sessions in Detroit and four sessions in Atlanta to support the Federal Reserve Bank of Chicago's Money Smart Week, which runs through Sunday. […] [Read More]

Potential buyers evidently had an appetite for domestic vehicles based on March data on the most-researched used models at NADAguides.com. Among the Top 15 vehicles highlighted, analysts determined that 10 boasted domestic badges. The March rundown, according to NADA Used Car Guide’s latest installment of Guidelines, is as follows: 1. Ford F-150 2. Chevrolet Silverado […] [Read More]

While two regions were reporting softer used-vehicle sales, the general sales climate for dealers in the U.S. appears to have been quite strong as of late. That’s the latest from the Federal Reserve, which released its Beige Book report this week summarizing economic conditions as reported to the Fed by businesses and other outside contacts […] [Read More]

Joe Eikenberg Sr., a former president of the National Independent Automobile Dealers Association and a past president of U-Save Auto Rental of America, died this week, it was reported.  Details on funeral arrangements were unavailable. Eikenberg, 86, was a national leader in the independent used-vehicle industry in the 1980s and 1990s.  He was named the […] [Read More]

The solid first-quarter gains in same-store used unit sales reported by AutoNation on Thursday and similar results shared by CarMax last week could be a harbinger of additional positive news on the used-car side from other retailers in coming weeks, says Manheim’s Tom Webb. CarMax reported a 6-percent uptick in comparable store used unit sales […] [Read More]