The Ford Escape Hybrid, a super popular crossover, and the Maverick Hybrid, the equally popular compact pickup, are selling well and taking up some of the slack in a down EV market.
Combating Auto Retail Scams (CARS) Rule targets bait-and-switch tactics, junk fees; includes clear protections for military members, who are frequent targets for vehicle scams
The U.S. economy continues to grow despite the 5.5% benchmark federal funds interest rate set by the Federal Reserve in 2023.
Auto loan access declined in November disrupting months of recovery, as lenders, consumers and dealers grappled with economic challenges
Against that backdrop, there is still some hope for buyers. Hot Cars compiled a list of cars with an MSRP (manufacturer’s suggested retail price) under $20,000.
Carketa, the dealership Decision Intelligence System, today announced a partnership with ProGuard Warranty to bring Carketa's inventory management tools to ProGuard dealers
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Consumers may think that odometers in the digital age are less of a target for fraud – but they’d be wrong. For cheaters, it’s never been easier – or cheaper – to remove thousands of miles from a car’s history in one fell swoop.
Hyundai has also selected AWS as its preferred cloud provider and next-generation Hyundai vehicles will be even more responsive and interactive with Alexa Built-in.
"The DeVos Graduate School has a long history of providing customized corporate and industry master's programs in the automotive sector, and we are very excited to add a leadership-focused program," stated Dr. Lisa Fairbairn, dean of the DeVos Graduate School.
Lender directed customers to dead-end cancellation hotline, withheld refunds, and knowingly tarnished credit reports with false data
Cox Automotive surveyed 393 franchised dealers, 2,962 people who recently bought a car, and 1,650 people currently shopping for a vehicle to understand their feelings on digital retailing tools.
The Federal Trade Commission is sending a second round of payments totaling more than $857,000 to consumers who were harmed by Illinois-based Napleton Automotive Group’s junk fees and discriminatory practices.
The United Auto Workers union overwhelmingly ratified new contracts with Ford and Stellantis, along with a similar deal with General Motors will raise pay across the industry, force automakers to absorb higher costs and help reshape the auto business as it shifts away from gasoline-fueled vehicles.
Honda is recalling nearly 250,000 vehicles in the U.S. because bearings can fail, causing the engines to stall and increasing the risk of a crash.
Manheim Pennsylvania — which bills itself as “the world’s largest wholesale vehicle auction” — has added three fixed imaging tunnels, powered by Fyusion artificial intelligence technology, designed to provide the industry’s most consistent and complete view of each vehicle.
(Bloomberg) -- Private equity-backed used-car dealer Byrider chose not to proceed with its latest subprime auto asset-backed security deal, a sign that investors may be growing reluctant to buy some lower-rated securitizations.
A record number of subprime borrowers are 60 days or more behind on their car loans, according to the ratings agency Fitch. Federal Reserve data backs up the conclusion. Analysts think auto loan delinquencies will rise further next year but say the peak is in sight.
Service activity at franchised dealerships in the United States declined month over month in September to 82.5, falling 10.5% from August to the lowest level since April 2023, according to Cox Automotive. The volume of repair orders fell, hitting 4.3% below numbers from a year ago.
he Federal Trade Commission and State of Wisconsin are taking action against Wisconsin auto dealer group Rhinelander Auto Center, its current and former owners, and general manager Daniel Towne for deceiving consumers by tacking hundreds or even thousands of dollars in illegal junk fees onto car prices and for discriminating against American Indian customers by charging them higher financing costs and fees.