Auto Stocks Outperform Market Featured

Men Face Charges of Defrauding Auto Creditors
Two Pennsylvania men have been indicted by a federal grand jury on charges of conspiracy to commit wire fraud and wire fraud involving straw buys from a used-car dealership.According to...

Auto Stocks Outperform Market
The Kerrigan Auto Retail Index (The KAR Index), a composite of the seven publicl...
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Men Face Charges of Defrauding Auto Creditors
Two Pennsylvania men have been indicted by a federal grand jury on charges of conspiracy to commit wire fraud and wire fraud involving straw buys from a used-car dealership.According to…
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FTC Issues Revised Used Car Rule
The Federal Trade Commission has announced final amendments to its Used Car Rule.The FTC has sought public comments on a series of proposed changes to the Rule (formally known as…
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Dealer Fails to Pay Sales Tax
Biel Semexant Jr., owner of Auction Access USA, doing business as Access 2 Auctions, has been arrested on charges that he stole more than $50,000 in sales tax he collected…
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CFPB Takes Action Against Title Pawn Firm
The Consumer Financial Protection Bureau took action against TitleMax parent company TMX Finance LLC. The bureau ordered TMX Finance to stop its unlawful practices and pay a $9 million penalty.…
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State Claims Dealer Forged Documents
A southeast Michigan auto dealer faces seven felony charges for allegedly forging federal import documents after Secretary of State staff became suspicious of the documents he presented.Auto dealer David S.…
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State Shuts Down Repair Shops
The Michigan Secretary of State has issued cease and desist orders to five unregistered auto repair shops in Shiawassee, Kent, Bay and Calhoun counties.Justice Recovery & Repair in Durand is…
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AG Sues Dealer for Failing to Deliver Titles
The Ohio attorney general announced a lawsuit against a Cleveland used-car dealership accused of failing to deliver motor vehicle titles.Ohio Auto Credit LLC and its owners are accused of violating…
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State Arrests Dealer for Not Paying Taxes
Roberto A. Martinez, operator of RDM Automotive Group, Inc., has been arrested on charges for the theft of more than $922,000 in sales tax he collected from customers, but failed…
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Former Salesman Gets Prison for Pocketing Payments
A former salesman was sentenced to at least 16 months in prison for stealing car payments from customers and dealerships in Nassau County. Michael McGriff pleaded guilty to charges, from…
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FTC Updates Penalties
The Federal Trade Commission has adjusted the maximum civil penalty dollar amounts for violations of 16 provisions of law the FTC enforces, as required by the Federal Civil Penalties Inflation…