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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 »
Read More →DETROIT, Mich. – Despite posting its strongest third quarter since 1980, General Motors appears to have given up its spot at second place in global sales to Volkswagen for the first nine months of 2014, reported Michigan Live. GM’s global sales were up 2 percent to 7,371,743 vehicles through September, but VW said it sold ... Read More »
Read More →Honda Motor Co. asked a third party to determine whether the automaker underreported fatality and injury claims to the U.S. government, which is investigating air-bag failures with potentially deadly defects, reported Bloomberg. The third-party audit began in September and Honda will soon share its findings with the National Highway Traffic Safety Administration, the Tokyo-based company ... Read More »
Read More →General Motors was hit with its biggest lawsuit so far over serial recalls, brought on behalf of drivers of 27 million vehicles who are seeking more than $10 billion in compensation for fallen car prices, reported Detroit Free Press. The class action against GM aims to represent everyone who bought or leased a recalled car ... Read More »
Read More →Chrysler Group on Thursday announced two global recalls of more than 900,000 cars and SUVs combined for problems that could cause fires, reported Reuters. Chrysler, a unit of Fiat Chrysler Automobiles, is recalling about 470,000 cars and SUVs globally from model years 2011 through 2014 and equipped with a 3.6 liter engine and a 160 ... Read More »
Read More →SCOTTSDALE, Ariz. – The National Automobile Dealers Association’s board of directors has elected Bill Fox as chairman for 2015. Fox, who represents New York’s franchised new-car dealers on the NADA board of directors, will assume the position of chairman and CEO at the 2015 NADA Convention & Expo next January. “It is a true honor ... Read More »
Read More →New York – Auto analysts said Tuesday U.S. sales will continue to rise in the next few years, but the pace of growth will slow further in 2015, reported The Detroit News. U.S. auto sales are on pace to rise 5 percent in 2014 to 16.4 million — the best performance since 2006 — after ... Read More »
Read More →LAKE SUCCESS, N.Y. — Dealertrack Technologies has received certification from Reynolds and Reynolds for its CRM. The certification is part of the Reynolds Certified Interface (RCI) Program and applies to the ERA dealership management system (DMS). The RCI Program provides a standardized approach to handling dealership data from a Reynolds DMS in a safe, secure ... Read More »
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