Recent News

Loan Amounts Reach Record Highs in Q3

SCHAUMBURG, Ill. —The average dollar amount for both new and used vehicle loans reached all-time highs in the third quarter of 2014, according to Experian Automotive’s latest State of the Automotive Finance Market report. The average loan amount for...

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KBB: New-Car Transaction Prices Up in November

IRVINE, Calif. —The estimated average transaction price (ATP) for light vehicles in the United States was $33,754 in November 2014, according to Kelley Blue Book. New-car prices have increased by $165 (up 1.7%) from November 2013, while rising $568 (0.5%)...

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Chevrolet, Volkswagen brag while Kia, Dodge jam

2014 is almost over, and that means it's time for the annual car company boasting ritual. ... Read More »

Chevrolet, VW brag while Kia, Dodge jam

2014 is almost over, and that means it's time for the annual car company boasting ritual. ... Read More »

Takata faces questions on airbag risk outside humid areas

A House panel on Wednesday is expected to press Takata for the results of recent tests that could indicate whether the supplier's airbag inflators might pose a safety hazard outside hot, humid areas. ... Read More »

Toyota’s Captive Issues Statement Regarding CFPB, DOJ Allegations

TORRANCE, Calif. — Toyota Motor Credit Corp. revealed last week in a regulatory filing that it could face an enforcement action from the Consumer Financial Protection Bureau and the U.S. Department of Justice. According to the Nov. 28 filing with the Securities...

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Group 1 snaps up 3 more dealerships in the UK

Group 1 Automotive Inc. is expanding its presence overseas with the purchase of three BMW-Mini dealerships in the United Kingdom. ... Read More »

Japanese execs from T.RAD, Mitsuba agree to plead guilty to price fixing

Two Japanese executives from different Japanese suppliers have each agreed to plead guilty to a charge of conspiring to fix the prices of auto parts sold to Honda, the U.S. Department of Justice said Monday. ... Read More »

Takata, automaker execs to testify before House on airbags Wednesday

Executives of Takata, Toyota, Honda and BMW are scheduled to testify at a committee hearing of the U.S. House of Representatives on Wednesday morning. ... Read More »

Backed by ruling, UAW says Mercedes must let Ala. workers discuss organizing

The UAW, backed by an NLRB ruling, pressed managers at the Mercedes-Benz assembly plant in Alabama to respect the right of workers to discuss organizing a local union while on the factory floor. ... Read More »