WASHINGTON, D.C. — The Federal Trade Commission filed charges and requested that a U.S. district court put a stop to the allegedly deceptive tactics of two California-based auto loan modification operations. In a release revealed today, the FTC asserted that the two separate operations charged hundreds of dollars in up-front fees, based on "bogus" promises […] [Read More]

NADAguides.com announced its Featured Vehicle of the Month on Tuesday, giving this month’s honors to the 2012 Infiniti FX50. The site praised the Japanese luxury model for its vast comfort, technology and aesthetic options, while also touching on its “very competitive” performance attributes and price. NADAguides also gave kudos for the redesigned exterior. The FX50, […] [Read More]

If consumers aren’t using their income tax refund to make a vehicle purchase, an eBay Motors survey showed that cash might still result in dealership revenue. The eBay Motors survey indicated more than one-third of vehicle owners will spend a portion of their tax refunds on something related to a car, truck or motorcycle, and […] [Read More]

Nearly 30 years after we began building the Honda Accord in America, the news that Honda will build the fuel-efficient Honda Fit in our new plant in Mexico is an important addition to the existing portfolio of passenger cars and light trucks we already produce in North America. [Read More]

In an effort to deal with an issue brought to the forefront recently with the organization of the Consumer Financial Protection Bureau, DealerTrack revealed today a program that aims to help dealers “more effectively demonstrate their compliance with state and federal regulations.” Audit Protect is now included in the company’s sales and F&I compliance solution. [Read More]

Pushed by a significant uptick in its sales for Big 3 brands, AutoNation improved both its March and first-quarter new-vehicle sales by double-digits, the company said Tuesday. AutoNation closed the first quarter by moving 25,489 new vehicles in March. This marked a 15-percent year-over-year uptick. Sharing the results broken down by its three operating segments, […] [Read More]

With an economic rebound still tenuous, recovery efforts by finance companies, credit unions and buy-here, pay-here dealers remain a critical part of doing business nowadays. As the industry ventures deeper in 2012, sister publication SubPrime Auto Finance News reached out to several recovery executives to gather their thoughts on how recoveries are evolving. To set […] [Read More]

Since ACA International members approved bylaw amendments and a transition plan for the association’s new governance structure late last month, the collection organization is seeking applicants for 12 available seats on the restructured board of directors. Officials indicated interested candidates should review the application form and campaign rules. ACA’s corporate secretary must receive completed applications […] [Read More]

Pushed by easier credit conditions and other factors, used-vehicle sales climbed by more than 8 percent year-over-year in March, according to CNW Research. Specifically, there were 2.71 million used sales in March, compared to 2.50 million in March 2011 and 1.99 million in February, CNW indicated. Year-to-date, there have been 6.90 million used sales, compared […] [Read More]

Consumer-reported fires in a pair of late-model domestic vehicles triggered an investigation by the National Highway Traffic Safety Administration. Federal officials explained they are examining the 2011 Chevrolet Cruze and 2011 Jeep Wrangler to determine the cause of consumer complaints they have received recently. The Office of Defects Investigation (ODI) has received two complaints of […] [Read More]