The Consumer Financial Protection Bureau recently found that Triton Management Group Inc. deceived Mississippi consumers in violation of the Dodd-Frank Wall Street Reform and Consumer Protection Act and violated the…
AutoNation Inc. saw a big jump in used gross profit in the second quarter. The chain reported that same-store used vehicle gross profit was $88 million. That is up 22…
The Consumer Financial Protection Bureau has scheduled a daylong symposium, Building a Bridge to Credit Visibility, for Sept. 17. This event will explore challenges many consumers face in accessing credit.…
Zero-percent finance deals were slower to materialize for car shoppers in July, according to Edmunds. Zero percent finance deals accounted for 6.92 percent of sales in July, compared to 11.34…
Sonic Automotive Group Inc. set an all-time record for quarterly pre-owned retail unit sales of 35,779 units. The company’s EchoPark standalone used-car stores retailed 7,459 units during the second quarter.…
As wildfires rage in northern California, the Enterprise Rent-A-Car Foundation – the philanthropic arm of the Enterprise Rent-A-Car brand – is pledging $250,000 in support of the American Red Cross’ …
Many drivers who have to pay for unexpected, major car repairs could be at risk of facing costs they cannot afford. Fifty-one percent of consumers reported paying for major vehicle…
Two executives from a New York auto group pleaded guilty to filing false tax reports. Harold Bendell and Bruce Bendell, the former senior managers of Major Automotive Companies Inc., doing…
Ally Financial Inc. reported the largest year-over-year decline in its retail auto net charge-offs since its IPO in 2014. The retail auto net charge-off rate declined to 1.04 percent in…

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