Auto Retail News

Washington, DC – According to the National Foundation for Credit Counseling (NFCC) December poll, when asked if their personal financial problems were self-inflicted or the result of events beyond their control, the overwhelming majority of res

2012 was a year of heightened consumer protection enforcement activity by federal regulators. The Consumer Financial Protection Bureau (“CFPB”) exercised its authority to enforce federal consumer protection laws by entering into three consent dec

“Dale, remember this. As the used vehicle department goes, so goes the entire dealership.” My dad offered this advice as I was taking over the used vehicle department at our Cadillac store. I don’t think his guidance was unusual for dealers of

FORT LAUDERDALE, Fla. — AutoNation, Inc. (NYSE: AN), America’s largest automotive retailer, today announced that its retail new vehicle unit sales in December 2012, as reported to the applicable automotive manufacturers, totaled 27,958

ARLINGTON, Texas — SFG Finance LLC, a purchaser of auto paper from BHPH dealers, new car franchise dealers, finance companies, banks and credit unions, today announced two major changes in SFG’s business model for 2013. First, a new scoring model

SANTA MONICA, Calif. — Even as automakers swarmed airwaves with year-end deals and promotions, automotive incentives remained stable in December, reports Edmunds.com, the premier resource for car shopping and automotive information. According to E

Industry Transaction Prices Highest Ever in December 2012; Industry Incentives Continue to Decline from 2011 SANTA MONICA, Calif. — TrueCar, Inc. the authority on car pricing information, trends and forecasts, estimated today that the average

PARSIPPANY, N.J. and CAMBRIDGE, Mass. — Avis Budget Group, Inc. (NASDAQ: CAR) and Zipcar, Inc. (NASDAQ: ZIP), the world’s leading car sharing network, today announced that Avis Budget Group has agreed to acquire Zipcar for $12.25 per sha

Consumer Delinquencies Continue Decline in Third Quarter 2012 WASHINGTON – Consumer delinquencies continued to decline in the third quarter of 2012, with bank card delinquencies falling to an 18-year low as consumers strengthen their fin