Used Car NewsUsed Car News


Consumer Spending Moves Slightly Higher

Americans' self-reports of daily spending averaged $94 in August, matching the average for July, according to Gallup Inc.

Spending last month was also similar to the $95 average in August 2013.

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CFPB Schedules Auto Finance Hearing

The Consumer Financial Protection Bureau is hosting a field hearing on auto finance in Indianapolis.

The hearing will take place on at 11 a.m. Sept. 18 at an as-yet undetermined site.

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State Says Dealer Failed to Pay Taxes

The Florida Department of Revenue recently arrested a used-car dealer for failing to pay sales tax.

Jorge Edwin Toro, owner of Smart Choice Motor LLC, is charged with stealing more than $36,000 in sales tax he collected from customers, but failed to send to the state. If convicted, he faces up to 15 years in prison and up to $10,000 in fines, as well as possible repayment of stolen tax, interest, penalty and investigative costs.

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Business Journal Names True Car Top Workplace

True Car Inc. has been named one of the Best Places to Work in Los Angeles by the Los Angeles Business Journal and Best Companies Group.

TrueCar ranked 20th out of 100 companies ranked in the report.

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