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…
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…

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