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Credit Acceptance has received a civil investigative subpoena from the U.S. Department of Justice, which requested that the finance company produce certain documents related to subprime auto lending.
Read More →Consumers are back in the borrowing business, with November consumer credit data from Equifax showing that nonmortgage credit balances rose to their highest level in five years.
Read More →Beginning this month, DealerRater reviews and ratings will be featured on AutoTrader.com's dealer profile pages.
Read More →The FTC took action against two dealer groups it targeted in 2012 for deceptive advertising. They were charged with violating the FTC's orders prohibiting them from deceptively advertising the cost of financing or leasing a car.
Read More →The partnership makes Manheim and Go Auto Exchange DriveTime’s primary source for remarketing wholesale inventory through its physical locations, mobile auctions and online.
Read More →Based on a ruling in the Supreme Court case Burwell v. Hobby Lobby, a Minnesota district court granted Hastings Automotive owner exemption from the Affordable Care Act's contraceptive coverage mandate.
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Pick-up trucks and SUVs account for 6 of the 10 best selling vehicles with transaction prices over $50,000, TrueCar reports
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In a memo issued to the CFPB this week, the AFSA listed seven recommendations regarding the bureau’s proposed rule that would give it regulatory and supervisory authority over 30 nonbank auto finance companies.
Read More →The dealer group has added two more stores to the MOTOR TREND certified program. They’re located on Grove City, Pa.
Read More →Starting Jan. 1, active-duty troops will no longer be able to use military allotments to purchase or lease vehicles, among other things. The policy change was made in response to enforcement actions brought by the CFPB.
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