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Ford Motor Co. and Volkswagen AG have forged a new partnership centered on electric-vehicle and autonomous driving technology that calls for billions of dollars in investments and the introduction of a range of new vehicles.
Volkswagen de Mexico has built its final Beetle, capping a legacy of 21.5 million units sold worldwide — including 5 million in the U.S. alone — and clearing the way for a new SUV.
Kerrigan Advisors analysts say the stock prices for America’s seven publicly traded dealership groups are outpacing the broader U.S. equity markets and could soar higher on lower interest rates and new trucks.
Kelley Blue Book analysts report average transaction prices for U.S. new-vehicle sales increased by 3.1% on a year-over-year basis in June but declined slightly from May.
U.S. dealers sold 2.6% fewer new cars and light trucks in June than in the same month a year ago, but standout performances in key segments kept the seasonally adjusted annualized selling rate above 17 million for the second straight month.
Famed auto executive and visionary Lee Iacocca has died, leaving a legacy of leadership, ingenuity, and a no-nonsense approach to the design, sale, and financing of American vehicles.
The average age of America’s registered cars and light trucks has risen again, to 11.8 years, according to the latest report from IHS Markit.
National Automotive Experts has released ‘A New Reinsurance Plan for Uncertain Times,’ a new whitepaper addressing the implications of the Trump administration’s tax reform on several dealer participation programs and detailing Reinsurance X, the company’s new alternative.
Black Book has unveiled Asset Verification Tool, a proprietary VIN-level identifier designed to help auto finance sources reduce the risk of fraud at loan origination.
Genesis, Kia, and Hyundai lead J.D. Power’s Initial Quality rankings for the second straight year, but new-vehicle quality scores are flat overall, driven by a decline among 18 of 31 major U.S. brands.
ProGuard Warranty will license and implement PCMI Corp.’s Policy Claim and Reporting Solutions platform to automate and enhance sales of vehicle service contracts.
Auto Dealer Today has revealed the winners of the 15th annual Dealers’ Choice Awards, a program that gives dealers and dealership personnel the opportunity to recognize their favorite vendors, suppliers, and finance sources in 35 categories.
TransUnion analysts report more consumers in the prime and superprime credit tiers are choosing to buy used as off-lease units continue to flood the market, offering a budget-friendly alternative to increasingly expensive new cars.
As consumer preferences change, the way vehicles are sold will need to change as well. So said Chip Perry, CEO of TrueCar, during a special presentation at the 2018 P&A Leadership Summit.
The Tax Cuts and Jobs Act of 2017 made waves in the reinsurance world, forcing providers, administrators, and dealers to reexamine their structures to determine where advantages and disadvantages lie.
More than 160 dealers, agents, and industry executives took part in the inaugural West Coast Compliance Summit, one of three concurrent events featured at Industry Summit 2016. And more than 80 of them successfully completed the event’s compliance certification component.
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