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Read More →SANTA MONICA, Calif. — TrueCar’s “No Surprises” initiative requires TrueCar Certified Dealers to provide upfront information for all non-governmental fees as well as costs for dealership-added accessories alongside their stated MSRP. The company began the initiative to give customers a more transparent process when buying a new vehicle. “For most people, a new vehicle is ... Read More »
Read More →WATERLOO, Ontario — Sales in Motion has partnered with Carfax to improve its tablet sales tool, SIM-SST. Now, dealer sales staff can instantly access the Carfax Vehicle History Report for used vehicles on the lot directly from SIM-SST. “We firmly believe this collaboration with Carfax will transform the vehicle transaction process for both buyer and ... Read More »
Read More →IRVINE, Calif. — When it comes to car shopping, women are driven by features and engage in extensive research to find the best fit. Me, however, are revved about a particular car brand, concluded a new study issued this week by Kelley Blue Book. One-in-five men know the exact vehicle they want, while women are ... Read More »
Read More →BALTIMORE — A federal judge threw out a proposed class-action suit last month against the Pohanka Auto Group, which claimed the dealer group’s GAP coverage was “phony” because it did not meet the definition of a debt-cancellation agreement under Maryland law. Judge Deborah K. Chasanow dismissed the putative class action against Pohanka’s 11 dealerships because ... Read More »
Read More →MISSION VIEJO, Calif. — eLEND Solutions has launched CreditPlus, an interactive credit application platform that instantly preapproves shoppers based on dealer-defined credit criteria. For shoppers, the platform provides direct, upfront access to dealership financing sources and near-final terms of approval from multiple lenders, all of which are controlled by the auto dealer. With CreditPlus, dealers ... Read More »
Read More →LANSING, Mich. – Electric vehicle manufacturer Tesla, known for bypassing dealers and selling directly to consumers, is afraid an amendment to an unrelated bill would prevent the manufacturer from doing just that, reported Michigan Live. But the bill’s supporters say current law already precludes that. That’s the understanding of Terry Burns, executive vice president of ... Read More »
Read More →CARMEL, Ind. — Wholesale used-vehicle prices softened again in September, the fifth monthly decrease in a row, ADESA’s Chief Economist Tom Konto reported this week. The firm found that wholesale used-vehicle prices averaged $9,557 in September, down 0.4% from August but up 0.8% from one year ago. The slight year-over-year gain reflected a higher percentage ... Read More »
Read More →Japan’s Toyota Motor Corp said on Wednesday it would recall a total 1.67 million vehicles globally in a voluntary move to address three separate defects including a faulty brake master cylinder that could hinder the brake’s performance, Reuters. Toyota said in an email it was not aware of any crashes, injuries or deaths resulting from ... Read More »
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