Latest from Irving Mejia-Hilario
Proposed new regulations could result in auto lending being included as part of the Community Reinvestment Act which would mean increased scrutiny of banks with large vehicle loan business.
Ford, Honda, Toyota and Chevy dealerships in Michigan, California, Texas and North Carolina were purchased in deals this year by buyers including LaFontaine Automotive Group and Victory Automotive Group.
Volkswagen of Marion in Illinois has boosted its purchases of used vehicles directly from consumers by improving its tracking of such buys and increasing bonus opportunities for staffers instrumental in making them happen.
Toyota's diversity appointments were announced Monday and were effective Aug. 1.
Three dealership groups expanded, while a new group bought a pair of dealerships, in acquisitions that closed in the second and third quarters involving stores in Missouri, Arkansas, Texas and Vermont.
New research from Growth from Knowledge AutoMobility shows loyalty toward brands and dealerships continues to decline as sticker prices go up.
A federal grand jury has indicted Erik Charles Maund, 47, a former partner at Maund Automotive Group, and three other individuals on murder-for-hire charges.
AAA said 77 percent of respondents indicated a strong desire to save on fuel costs.
The Penske Automotive luxury dealership said the 20 terminated workers "unlawfully condoned and encouraged blatant picket line misconduct."
CarMax Auto Finance is expanding its "no-impact-to-your-credit-score" pre-qualification feature to customers across the U.S.
