Used Car NewsUsed Car News

  • ABG -0.05 - -0.10%
  • AN +1.38 - +2.95%
  • CACC +1.39 - +0.80%
  • CAR +1.29 - +5.22%
  • CARZ +0.00 - +0.00%
  • CPRT +0.59 - +1.72%
  • CPSS +0.02 - +0.50%
  • CRMT +0.12 - +0.51%
  • DAI
  • F +0.38 - +3.40%
  • FIATY +0 - +0%
  • GM +0.81 - +3.01%
  • HMC +0.29 - +1.17%
  • HTZ +0.39 - +5.49%
  • KAR +0.31 - +0.96%
  • KMX +1.48 - +3.51%
  • LAD +1.29 - +1.66%
  • MZDAF +0.00 - +0.00%
  • NSANY -0.01 - -0.06%
  • PAG +0.03 - +0.10%
  • SAH -0.08 - -0.50%
  • TM +0.18 - +0.17%
  • TRAK +0.00 - +0.00%
  • TSLA +0.57 - +0.38%
  • TTM +0.98 - +4.77%
  • VLKAY -0.14 - -0.56%
  • VROM

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FTC Sues Small Business Scammers

The Federal Trade Commission has charged two separate office supply operations with targeting non-profit organizations and small businesses, tricking them into paying for overpriced office and cleaning supplies they never ordered.

At the FTC’s request, federal courts in California and Maryland have temporarily halted and frozen the assets of the two operations. The agency seeks to permanently stop the illegal practices and obtain refunds for the defendants' victims.

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Penske Reports Lower Profits

Penske Automotive Group Inc. reported lower used-car profits despite higher retail prices and higher sales.

Same-store retail used unit sales increased by 2.3 percent in the fourth quarter, Penske reports.

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GWC Overhauls Website

GWC Warranty has introduced a refreshed version of GWCWarranty.com.

The new GWCWarranty.com offers new tools to find a local dealer consultant, locate a nearby service facility and look up coverage, as well as a more dynamic and responsive design optimized for desktop, mobile and tablet browsing.

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Bank Expands in Florida

Valley National Bancorp reported that automobile loans increased by $19.6 million to $1.2 billion at Dec. 31, as compared to Sept. 30.

Part of this growth comes from the bank's new Florida auto dealer network which contributed approximately $4.2 million in new loans for the fourth quarter of 2015.

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