The Federal Trade Commission has completed its regulatory review of the Recycled Oil Rule (formally, the “Test Procedures and Labeling Standards for Recycled Oil”). The rule, issued in 1995, allows…
General Motors Financial Company Inc. announced net income of $442 million for the quarter ended June 30, compared to $62 million for the quarter ended June 30, 2017. Retail loan…
Consumer Portfolio Services Inc. announced earnings of $3.2 million for its second quarter. This compares to net income of $4.6 million in the second quarter of 2017. Revenues for the…
The average price of a used vehicle for model years 2013-17 decreased in value by 1.2 percent during June, according to Black Book. Car prices declined 1.6 percent and trucks…
The average rate to finance a new car is now above 5 percent for the first time since February 2012, based on a 48-month loan, according to LendingTree. The amount…
Carvana has launched its 13th car vending machine, located in Cleveland. This is the first car vending machine in Ohio. Standing eight stories tall, it can hold up to 30…
Consumer Portfolio Services Inc. announced the closing of its third term securitization in 2018. The transaction is CPS's 29th senior subordinate securitization since the beginning of 2011 and the twelfth…
Dent Wizard International recently acquired Image Auto LLC, a provider of auto reconditioning and wheel repair services in the Central and Western New York and Pennsylvania areas. The acquisition finalized…
CarLotz, a Richmond, Va.-based used-vehicle consignment and remarketing business, will continue its nationwide expansion with the opening of its first store in Illinois. The newest store is located at 2150…

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