A former Chicago dealer was charged with running a large-scale theft scam through his store and defrauding area residents and lenders of more than $1.5 million. Donald T. Barclay, who…
Chase Auto and Jaguar Land Rover North America announced the renewal of their private label agreement, extending Chase’s role as the private label finance provider for the auto manufacturer. For…
Consumers continue to increase the amount of new car purchases they finance as transaction prices remain high. Interest rates on new vehicle loans remained at levels in April not seen…
General Motors Financial Company Inc. announced net income of $369 million for the quarter ended March 31, compared to $202 million for the quarter ended March 31, 2017.Retail loan originations…
Sonics Automotive Group Inc. reported higher used sales in the first quarter, but also lower gross profit. The chain set an all-time record for quarterly pre-owned retail unit sales of…
CarMax Inc. celebrated the opening of the company’s sixth store location in the Dallas area. The store is located at 1441 N. Central Expressway in McKinney. The McKinney store has…
Carvana Co. announced the upsize and pricing of its follow-on public offering of 11 million shares of its Class A common stock at a price to the public of $27.50…
Jay Hicks has been appointed vice president of strategic partnerships by Hearst Autos. In this new role, Hicks will forge strategic partnership programs with OEMs, dealers, and data/technology providers for…
Huntington Bancshares Inc. reported strong performance for auto finance in the first quarter. Average automobile loans increased $1 billion in the first quarter, driven by $6.2 billion of new production…

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