News

The Internal Revenue Service issued a press release reminding car dealers and sellers to be aware of evolving phishing and smishing scams that could impact day-to-day operations of the business.

Anderson Economic Group has analyzed direct losses to automotive dealers affected by the hacking and ransomware attack on CDK Global software and systems, and the resulting shutdown or impairment of operations, inability to operate systems, inability to generate orders, complete purchases or sales, and other interruptions of their normal course of business.

Over the last several months, the NAAA Auction Standards Committee has worked hard to develop and implement Arbitration Policy and Certification Guidelines updates to add clarity, improve transparency, and better reflect the evolving nature of the industry.

NADA explained that what triggered the cheers was the passage of the fiscal year 2025 Financial Services and General Government (FSGG) appropriations bill by the House FSGG Appropriations Subcommittee.

The California Senate passed State Sen. Scott Wiener’s (D-San Francisco) Senate Bill 961. The bill will help reduce traffic deaths by requiring speed warnings in all new cars manufactured or sold in California beginning in 2032

For most consumers, the main point of buying a used car is to save money off the cost of a new one. The average transaction price for new cars was $48,510 as of April 2024, according to Kelley Blue Book.

The Consumer Financial Protection Bureau (CFPB) today issued an interpretive rule that confirms that Buy Now, Pay Later lenders are credit card providers. Accordingly, Buy Now, Pay Later lenders must provide consumers some key legal protections and rights that apply to conventional credit cards.

Grisham served as executive vice president and CEO of the association starting in 1996. He previously served in the Missouri House of Representatives and as the Missouri Motor Vehicle Commission director.

A downward slide in new-vehicle prices through the first quarter of 2024 reversed course in April, with average transaction prices increasing by 2.2% to $48,510, the highest prices since December 2023.

Trader Interactive has doubled its boat inventory and dealer partnerships over the last 12 months, upgraded features for both consumers and dealers, and changed its name from Boatline to Boatmart to better reflect the platform’s purpose. 

The last two editions of the Motorsports Hall of Fame of America’s annual Induction Celebration have sold out but it is not too late to purchase tickets for next month’s two-day 36th MSHFA Induction

General Motors is recalling certain 2020-2024 Chevrolet Silverado 2500, 3500, GMC Sierra 2500 and 3500 vehicles equipped with power-unlatching tailgates.

Vehicle owners are experiencing lower levels of vehicle dependability after three years of ownership, according to the J.D. Power 2024 U.S. Vehicle Dependability Study, released today.

Car shopping marketplace Cars.com announced the winners of its annual Best Of Awards, which recognize the top vehicles in six categories:

The growth of Cox Automotive’s global EV battery service network in the Southeastern United States comes at a time of rapid EV growth in the state of Georgia, with EV facility investments from various automakers and battery manufacturers.

Asbury Automotive Group, one of the largest automotive retail and service companies in the U.S., reported fourth quarter 2023 net income of $56 million ($2.70 per diluted share), a decrease of 89% from $353 million ($15.95 per diluted share) in fourth quarter 2022.

Tesla is recalling almost 2.2 million vehicles — nearly all of the cars that it has sold in the U.S. — because the font size is too small on its instrument panel for its brake, park and antilock brake system warning lights. 

Newly released Federal Trade Commission data show that consumers reported losing more than $10 billion to fraud in 2023, marking the first time that fraud losses have reached that benchmark.