Toyota Motor North America announced last week that it has reached a settlement agreement with the attorneys general of 29 states and one U.S. territory to resolve issues related to recalls conducted by the company from 2005 to 2010. As part of this settlement, which Toyota’s board approved last December, the automaker will pay $29 […] [Read More]

As Subaru reached a new milestone with its annual “Share the Love” charity campaign, Chrysler Group revealed it took less than a week to hit a target necessary to trigger a donation to the National FFA Organization. Ram pledged to make a donation to the National FFA Organization for every view of its two-minute “Farmer” […] [Read More]

MINNEAPOLIS — With regulatory compliance becoming even more urgent these days, Wolters Kluwer Financial Services reiterated that its professional services can help lenders, captive finance companies and loan servicing organizations obtain the information they need to understand U.S. regulations applicable to consumer default documents affecting auto lending. The company highlighted Wolters Kluwer Financial Services' compliance […] [Read More]

HANOVER, Md. — Hudson Cook recently announced a partner is returning to the firm to focus his practice on federal and state consumer financial services laws with particular emphasis in automotive financing. Coming back after a most-recent stint as counsel at Ally Bank is Thomas Buiteweg, who will be a partner at the Hudson Cook's […] [Read More]

BENTONVILLE, Ark., and CARMEL, Ind. — Both America's Car-Mart and J.D. Byrider added to their networks of buy-here, pay-here dealerships as one company strengthened its footprint in its home state while the other operation ventured into new territory. The 120th dealership in Car-Mart's network is located in Bethel Heights, Ark., raising the level in the […] [Read More]

ALEXANDRIA, Va. — The New Year began with total bankruptcy filings in the United States heading on a downward path as the January level dropped by 11 percent year-over-year. According to data provided by Epiq Systems, the American Bankruptcy Institute said January contained 78,471 total bankruptcy filings, down from last January when 88,028 cases were […] [Read More]

Wholesale prices are still on the way up, though the rate increases are expected to be very slight this week. NADA Used Car Guide told Auto Remarketing that similar to last week, it expects used-vehicle prices to subtly climb; increasing by 0.2 percent, or $25, this time around. “Across segments, expected changes are predominantly positive, […] [Read More]

Survey results discovered by Ally Financial and KeyBanc Capital Markets through the recent National Automobile Dealers Association Convention & Expo reiterated how important the used-vehicle department is to franchised dealers. In its survey, Ally discovered that 47 percent of responding dealers said the used-vehicle department will be the most profitable within the dealership this year. […] [Read More]

The nation’s franchised dealer network has been stable for two straight years and appears poised for a third, and it will also likely hit another new-vehicle-sales-per-dealership record, according to Urban Science, which said new-car dealers have put “hundreds of things” into play to become more efficient. The retail consulting firm released its 2012 Automotive Franchise […] [Read More]

Chrysler Group said it will launch a recall to supplement a previous campaign staged to upgrade light-truck axles. The automaker explained the recall has implications for 361,819 vehicles sold in North America. Affected are 2009 Dodge Durango and Chrysler Aspen SUVs, 2009–2011 Dodge Dakota pickups and 2009–2012 Ram 1500 pickups. Chrysler indicated some rear axles […] [Read More]