Auto Retail News

Phoenix auto-dealer chain censured for credit practices, from The Arizona Republic. Phoenix-based DriveTime, which operates 117 used-vehicle dealerships across the nation, was ordered to pay an $8 million penalty and told to clean up its credit-repor

U.S. accuses Toyota credit unit of discriminatory loan pricing, from Chicago Tribune. Toyota Motor Credit Corp. said federal authorities have raised concerns about the pricing of its auto loans, saying that the loans could be discriminatory, and warn

Take it to the bank: U.S. auto loans hit 8-year high, from MarketWatch. Show us the car facts? All right, here’s one. The number of new auto loans in January and February hit an eight-year high, another sign the U.S. economy continues to forge ahea

Honda Finance may face U.S. penalty for discrimination in auto-loan pricing, from Automotive News. American Honda Finance Corp. disclosed that the Consumer Financial Protection Bureau and U.S. Department of Justice have concluded the company was resp

BMW Group U.S. Reports November 2014 Sales, from Sys-Con Media. Sales of BMW brand vehicles decreased 2.3 percent in November for a total of 31,019 compared to 31,752 vehicles sold in November, 2013. Year-to-date, the BMW brand is up 9.7 percent on s

5 things we learned from November auto sales, from USA Today. A big Black Friday weekend finish — with heavy marketing by automakers and dealers that started early in the month — pushed November to a sales boom and ensured a strong finish for the

Is The Pre-Owned Tesla Program To Blame For Low-ball Trade-Ins?, from Gas2. Tesla Motors doesn’t operate like a traditional car company, though it still offers a trade-in program that lets buyers bring their old cars, which are bid on by local car

AutoTrader Says Certified Pre-Owned Means Happy Owners Who Buy New Cars Next, from Marketing Daily. While the numbers are still comparatively small, certified pre-owned (CPO) cars and trucks are about 18% of new car and truck volume and under 10% of

WheelsTV Unveils Inventory Video Integration for All New and Used Car Dealers, from Virtual-Strategy Magazine. WheelsTV has unveiled the first ever full-motion HD video integration for use within auto dealers’ website Vehicle Detail Pages (VDP’s)