Peter Gary, founder of Pinnacle Advertising, announced that the company has launched Summit Advertising, a full-service advertising and marketing firm focused on the automotive industry. It will offer traditional advertising,…
The U.S. Department of Transportation’s National Highway Traffic Safety Administration announced that California, Ohio and Texas will receive a total of $1.3 million to inform vehicle owners about open recalls.…
S&P Dow Jones Indices and Experian released data ending December 2020 for the S&P/Experian Consumer Credit Default Indices. The auto loan default rate was unchanged at 0.64 percent and the…
Massachusetts-based Colonial Automotive Group has agreed to pay $1 million in penalties to settle claims that it took advantage of state unemployment benefits during the COVID-19 pandemic. Following the state’s…
Walser Automotive Group, in partnership with PICO Venture Partners, announces the launch of FUSE Autotech, a finance management platform. FUSE automates the entire automotive purchase and finance experience with a…
The Consumer Financial Protection Bureau issued a final rule regarding the bureau’s use of supervisory guidance for its supervised institutions. The rule codifies the statement, with amendments, that the bureau…
Cox Automotive’s chief economist expects a bigger stimulus package, increased infrastructure spending, regulation and tax reform as key priorities in the Biden administration. Jonathan Smoke, Cox Automotive chief economist, described…
Manheim is kicking off 2021 with an enhancement to—and expansion of—its Manheim Express Concierge service. Dealers looking to have a trained specialist list their on-the-lot vehicles can now have the…
Toyota Motor North America (TMNA) posted sales of 2.11 million vehicles. Compared to its 2019 performance, it marked a decline of 11.3 percent in sales volume. According to the research…