Driving News, Policy Watchers, and Automotive Industry Hounds
Seven auto lenders, eleven years of government files and three recurring problems: loans built to fail, add-ons that never get…
A podcast guest put the average new-car buyer at 61. Federal and industry data say younger, but the price of…
Truist sold $5.5 billion of near-prime car loans from Regional Acceptance, a unit it says broke even, and is closing…
America's Car-Mart's lenders have extended its default waiver seven times in six weeks, and the latest runs out Thursday. Here's…
The FTC says Greenway Auto Group charged more than the advertised price in 92% of reviewed deals. Here are the…
Dealers have 3.3% more used cars than a year ago, but 16.2% fewer priced at $15,000 or less, while the…
At $4.33 gas, an EV or hybrid cuts the fuel bill, but at subprime rates the loan costs several times…
Auto debt hit $1.71 trillion, but it isn't crashing. The strain is landing on used-car buyers with weak credit, long…
The Fed's new survey shows car ownership among the poorest families at a 20-year low, while lenders chase weaker credit…
BLS data show gasoline up 34.2% and car insurance down 5.0% over the year. The cost of owning a car…
New York City says a CarGurus “Great Deal” Honda cost $1,473 over market once dealer fees were added. Here is…
Two Sunset Auto Sales customers got $20,600 back from a Kansas dealer bond, not the dealer, after a lawsuit and…
NHTSA's April order tells whoever imported DTN60DB airbag inflators to notify owners and fix them. Eleven deaths in, the agency…
Two Wichita buyers got $20,600 back from Sunset Auto Sales' surety bond, but only after a prosecutor sued and the…
CarMax cut its per-car margin to revive sales, then earned it back on extended service plans and the shop while…