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While May might not have brought the big uptick in sales we’ve seen in recent months, preliminary data suggest that automakers took in record revenues, with the average transaction price of new cars, trucks and crossovers sold last month climbing by at least 4%, reports The Detroit Bureau. All told, U.S. buyers spent a record ... Read More »
Read More →Five automakers on Thursday widened recalls of cars and trucks with Takata Corp air bags and the U.S. Congress set a hearing next week on the safety issue that has been linked to six deaths, reported Reuters. Takata last week complied with demands of U.S. safety regulators and doubled the vehicles to be involved in air ... Read More »
Read More →SAINT PAUL, Minn. — More than 50 members of Congress, led by U.S. Sen. Al Franken (D-Minn.) and Rep. Hank Johnson (D-Ga.), signed a letter asking the Consumer Financial Protection Bureau (CFPB) to issue new rules that would eliminate the use of forced arbitration clauses in consumer financial service contracts. The letter, submitted to CFPB ... Read More »
Read More →Fiat Chrysler Automobiles NV on Monday said it has responded to detailed demands from federal auto safety regulators who want information about 20 recalls covering more than 10 million vehicles since 2013, reports The Detroit News. The National Highway Traffic Safety Administration said last month it was ordering Fiat Chrysler to attend a July 2 ... Read More »
Read More →TOKYO – Honda Motor Co called back about 690,000 cars in Japan and the United States to replace air bag inflators made by Takata Corp after the Tokyo-based parts supplier last week agreed to comply with U.S. orders to expand some of its previous recalls, reports Reuters. Honda, Japan’s third-biggest automaker, disclosed the recall in filings in Tokyo and ... Read More »
Read More →It’s been the best of times for auto dealers since the recession. Those that survived picked up business from those that didn’t. They reorganized their operations to be leaner and more efficient. Auto sales soared 59 percent to 16.5 million last year from the 2010 low point, reports The Detroit News. But reports from two ... Read More »
Read More →German automaker Bayerische Motoren Werke AG is recalling 420,661 U.S. vehicles due to issues involving Takata Corp 7312.t air bags, U.S. auto safety regulators said on Thursday, reports Reuters. Last week, Takata said it would double the recall of potentially deadly air bags to nearly 34 million in the United States.
Read More →BEAVERTON, Ore.— AutoAp, a mobile-focused automotive software development company, has announced the launch of its Dealer Recall Management (DRM) service, an automated method providing automotive retailers daily recall updates for new and used vehicle inventory. Before the DRM service, dealers would need to manually check their entire vehicle inventory for recall status daily, relying on ... Read More »
Read More →AUBURN HILLS, Mich. — FCA US has reduced its powertrain coverage for 2016 model-year vehicles following a move by General Motors earlier this year to reduce its warranty coverage. For 2016, FCA will offer a five-year, 60,000-mile powertrain warranty for its Chrysler, Jeep, Dodge, and Ram Truck vehicles powered by gasoline engines, according to a ... Read More »
Read More →WESTLAKE VILLAGE, Calif. — J.D. Power and the National Automobile Dealers Association (NADA) have announced an agreement under which J.D. Power will acquire NADA’s Used Car Guide business, a well-known source of used-vehicle values. The transaction is expected to close early in the third quarter of 2015 and is subject to Hart–Scott–Rodino Act review. Established ... Read More »
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