Hyundai to offer security kit to stem raft of vehicle thefts popularized on social media

Hyundai to offer security kit to stem raft of vehicle thefts popularized on social media https://ift.tt/ULZuc9b

Owners of Hyundai vehicles that have been targeted by thieves after viral videos showed how to hot wire their cars will be able to purchase a Compustar security kit for $170 starting Oct. 1.

Most Florida dealers dodge destructive Hurricane Ian

Most Florida dealers dodge destructive Hurricane Ian https://ift.tt/zTCReoE

An influx of flood-damaged vehicles might create a troublesome situation, Morse Automotive Group CEO Teddy Morse said.

Selling parts online can grow business

Selling parts online can grow business https://ift.tt/Y2tC0df

Opening an e-commerce parts channel can help dealerships weather the parts shortage and supply chain crisis.

CDK to give dealers ability to share data with software vendors

CDK to give dealers ability to share data with software vendors https://ift.tt/RBJ1yXW

Dealership management system provider CDK Global will allow auto retailers to share data directly with third-party software providers, a change from its existing vendor integration practices.

Ford, Subaru, Hyundai and GM dealerships trade hands in 4 deals

Ford, Subaru, Hyundai and GM dealerships trade hands in 4 deals https://ift.tt/a0xOZTs

Four transactions involved Ford, Subaru, Hyundai and GM dealerships in California, Tennessee, Texas and Wyoming.

U.S. light-vehicle sales expected to continue to stagnate in Q3

U.S. light-vehicle sales expected to continue to stagnate in Q3 https://ift.tt/3tKzAOx

Cox Automotive lowered its sales forecast for the third time this year as rising interest rates now threaten to stall demand for new vehicles.

Dealerships close in Florida as Hurricane Ian unleashes ‘catastrophic' conditions

Dealerships close in Florida as Hurricane Ian unleashes ‘catastrophic' conditions https://ift.tt/IiUB3Np

Shuttered dealerships moved vehicles inside ahead of life-threatening storm surges, hurricane-force winds.

Ford and Tesla boast high brand loyalty rates, but do they attract buyers?

Ford and Tesla boast high brand loyalty rates, but do they attract buyers? https://ift.tt/aVmcwZW

S&P Global Mobility goes beyond loyalty rates to evaluate the conquest and defection ratios of brands, which analysts say paints a broader picture of success.

Carvana executive faces criminal charges in Illinois

Carvana executive faces criminal charges in Illinois https://ift.tt/mdQM1y4

In mid-May the Illinois Secretary of State filed several motor vehicle-related charges against Paul Breaux, who is identified on Carvana's investor relations website as the company's general counsel since August 2015.

Feds: Stolen IDs used in deals for 3 Range Rover Sports

Feds: Stolen IDs used in deals for 3 Range Rover Sports https://ift.tt/z2GRh3X

Suspects' photos allegedly appeared with stolen victim information on drivers' licenses used in deals for $297K worth of late-model Range Rover Sports.

Asbury, CarMax shutter car dealerships ahead of Hurricane Ian

Asbury, CarMax shutter car dealerships ahead of Hurricane Ian https://ift.tt/Jd0P5bk

Hurricane-force winds, flooding among threats to dealerships in Florida from Hurricane Ian, according to the National Weather Service's National Hurricane Center.

Carvana executive faces criminal charges in Illinois

Carvana executive faces criminal charges in Illinois https://ift.tt/9AJjyDf

In mid-May the Illinois Secretary of State filed several motor vehicle-related charges against Paul Breaux, who is identified on Carvana's investor relations website as the company's general counsel since August 2015.

Survey finds 74% of participants prefer to buy EVs at dealerships

Survey finds 74% of participants prefer to buy EVs at dealerships https://ift.tt/xGZSsvl

The 2022 report shows legacy and EV specialist automakers should consider an omnichannel approach to selling EVs.

Survey finds 74% of partipants prefer to purchase EVs at dealerships

Survey finds 74% of partipants prefer to purchase EVs at dealerships https://ift.tt/bCePkRs

The 2022 report shows legacy and EV specialist automakers should consider an omnichannel approach to selling EVs.

Ad manager accused of $1.3 million scheme

Ad manager accused of $1.3 million scheme https://ift.tt/1UgDYCb

Prosecutors say the man pretended to hire marketing and advertising firms that were actually shell companies he created to funnel money into his personal accounts.

Ford dealer all-in on new order process

Ford dealer all-in on new order process https://ift.tt/5hNLBJi

The Las Vegas dealership saw Ford Motor Co. moving toward customer orders for its vehicle models and set up its own retail ordering process, which included updating the store's website and creating spreadsheets to track order status.

JAMA's Anita Rajan: EV tax credit restrictions likely to hinder adoption

JAMA's Anita Rajan: EV tax credit restrictions likely to hinder adoption https://ift.tt/Ff1hOqx

Anita Rajan, the new general director of the Japan Automobile Manufacturers Association's U.S. branch office, says the eligibility restrictions in the new electric vehicle tax credit could impede EV adoption in the U.S.

Former dealership employee accused of stealing $1.3 million

Former dealership employee accused of stealing $1.3 million https://ift.tt/RVGX3sM

A former employee of Pine Belt Nissan of Toms River, a dealership in New Jersey, has been charged with money laundering and theft via an advertising scheme, with prosecutors alleging he stole more than $1.3 million.

Diehl Automotive Group slated to buy 6 dealerships, report says

Diehl Automotive Group slated to buy 6 dealerships, report says https://ift.tt/M1IlgoJ

Diehl Automotive Group is expected to buy six dealerships in eastern Ohio, including import and domestic stores, according to a report.

Hyundai, Nissan, Honda and Toyota dealerships sell across 4 states

Hyundai, Nissan, Honda and Toyota dealerships sell across 4 states https://ift.tt/reoAKlM

Hyundai, Nissan, Honda and Toyota dealerships trade hands in deals in Indiana, New Jersey, California and Alabama.

NADA: 2022 shaping up to be another good year for franchised dealerships

NADA: 2022 shaping up to be another good year for franchised dealerships https://ift.tt/pyDOra2

New data from the National Automobile Dealers Association shows that while new- and used-vehicle sales are down through the first half of the year, demand for both sales and service remains high.

General Motors, GM Financial seek similar EV lease penetration as gas-powered cars

General Motors, GM Financial seek similar EV lease penetration as gas-powered cars https://ift.tt/mg9JNpz

GM Financial CEO Dan Berce said experience with the Chevrolet Bolt shows ALG EV residuals to be conservative and the vehicles to have better resale value than forecast.

Plenty of questions remain in shift to online ordering

Plenty of questions remain in shift to online ordering https://ift.tt/pWEadgN

Will other automakers follow Ford Motor Co.'s lead in wanting customers to order vehicles? What will that mean for franchised dealers?

Louisiana Hyundai dealership employee shoots co-worker, police say

Louisiana Hyundai dealership employee shoots co-worker, police say https://ift.tt/Yp1Q6fn

An employee at a New Orleans-area Hyundai dealership has been arrested following the shooting of a co-worker in the store's service center.

Tesla weighing reset for China retail strategy

Tesla weighing reset for China retail strategy https://ift.tt/sDao19c

Tesla is reevaluating the way it sells cars in China, its second-largest market.

Back in the business, Dobbs ready to grow

Back in the business, Dobbs ready to grow https://ift.tt/C09MuBb

Dobbs Family Automotive, the automotive platform of Dobbs Equity Partners, has 10 dealerships across six states and wants to rapidly expand its holdings.

Back in the business, Dobbs ready to grow

Back in the business, Dobbs ready to grow https://ift.tt/psTJgKw

Dobbs Family Automotive, the automotive platform of Dobbs Equity Partners, has 10 dealerships across six states and wants to rapidly expand its holdings.

Ford herds retailing into EV future

Ford herds retailing into EV future https://ift.tt/sWtLgSI

The automaker told dealers it will ask them to invest up to $1.2 million for the right to sell EVs but showed that it's not ready to abandon combustion vehicles yet as it showed off the pony car's seventh generation.

Column: American Action Forum says cost-benefit ratio of proposed car dealer rules closer than FTC projects

Column: American Action Forum says cost-benefit ratio of proposed car dealer rules closer than FTC projects https://ift.tt/XFY7D1l

Federal Trade Commission predicts car shoppers would save three hours as a result of its new proposed regulations on car dealers. Think tank argues this is not so.

Lexus on track in transition to electric vehicles

Lexus on track in transition to electric vehicles https://ift.tt/d8FGyjU

Dejuan Ross sees Lexus remaining steady on its planned transition to an all-electric vehicle lineup by the next decade, beginning early next year with the RZ 450e.

Daytona’s Garage custom shop builds customer loyalty

Daytona’s Garage custom shop builds customer loyalty https://ift.tt/o8xlIOc

Daytona's Garage technicians build customer loyalty by helping them with creative customizations.

Sharing is key to combating cyberthreats

Sharing is key to combating cyberthreats https://ift.tt/gRr8oFx

Sharing information and boosting transparency between companies is crucial to avoiding hacks and other cyber risks that can grind the industry to a halt, executives and regulators say.

Honda brand dinged by dealers in NADA survey for scant product availability

Honda brand dinged by dealers in NADA survey for scant product availability https://ift.tt/XICfYgm

Honda dropped from the top five spots listed in the National Automobile Dealers Association Dealer Attitude Survey for the time since 2015. Low inventory is the root cause of the slide.

Lincoln president expects further dealer consolidation, doesn't plan buyout offers in EV pivot

Lincoln president expects further dealer consolidation, doesn't plan buyout offers in EV pivot https://ift.tt/qDKxR26

Lincoln President Joy Falotico said she expects the luxury brand will end 2022 with under 600 retailers, down from the 685 it had as of the latest dealer census.

Mitsubishi Outlander PHEV heads to market with no EV credit

Mitsubishi Outlander PHEV heads to market with no EV credit https://ift.tt/9DxapvP

Under new rules, Mitsubishi's Japan-made Outlander PHEV loses eligibility for a $7,500 federal EV incentive.

Lincoln president expects further dealer consolidation, doesn't plan buyout offers in EV pivot

Lincoln president expects further dealer consolidation, doesn't plan buyout offers in EV pivot https://ift.tt/9QRJ0Vq

Lincoln President Joy Falotico said she expects the luxury brand will end 2022 with under 600 retailers, down from the 685 it had as of the latest dealer census.

American Action Forum: Cost-benefit ratio of proposed car dealer rules closer than FTC projects

American Action Forum: Cost-benefit ratio of proposed car dealer rules closer than FTC projects https://ift.tt/jVnHLeS

Federal Trade Commission predicts car shoppers would save three hours as a result of its new proposed regulations on car dealers.

Automaker lobby seeks revamp of FTC 'cumbersome' car dealership disclosure plan

Automaker lobby seeks revamp of FTC 'cumbersome' car dealership disclosure plan https://ift.tt/JGswXPe

The Alliance for Automotive Innovation also asks the FTC to clarify its language banning car dealers from selling F&I products duplicating auto warranties.

American Action Forum: Cost-benefit ratio of proposed car dealer rules closer than FTC projects

American Action Forum: Cost-benefit ratio of proposed car dealer rules closer than FTC projects https://ift.tt/NpoVHPX

Federal Trade Commission predicts car shoppers would save three hours as a result of its new proposed regulations on car dealers.

Ford dealers must set no-haggle prices, invest up to $1.2 million to keep selling EVs

Ford dealers must set no-haggle prices, invest up to $1.2 million to keep selling EVs https://ift.tt/sKG2wI9

Dealers have until Oct. 31 to opt into one of two EV certification tiers that cover varying investment levels in fast chargers and staff training.

AutoNation sells BMW dealership, its second luxury store divestiture in a month

AutoNation sells BMW dealership, its second luxury store divestiture in a month https://ift.tt/PDfg4Jw

AutoNation sold a BMW dealership in New York last month, marking its second luxury store divestiture in August.

Massachusetts AG, alliance at odds over next steps in court case on revised ‘right to repair' law

Massachusetts AG, alliance at odds over next steps in court case on revised ‘right to repair' law https://ift.tt/PFSgQXY

A federal judge asked litigants for information on two outstanding issues — their interpretation of the updated law's language and any steps taken by automakers to implement the law's requirements.

Carvana, Illinois regulators ‘in discussions' about retailer's ability to sell in the state

Carvana, Illinois regulators ‘in discussions' about retailer's ability to sell in the state https://ift.tt/rB5nZ1F

Carvana and Illinois secretary of state met Wednesday for a scheduled hearing, the latest in a legal challenge that's unfolded over the online retailer's license to sell used cars and trucks in the state.

Study: Large dealership groups pulling ahead in web responsiveness

Study: Large dealership groups pulling ahead in web responsiveness https://ift.tt/IBZtlws

The largest dealer groups in the United States are pulling ahead in online customer service, according to retail service tracker Pied Piper.

VW makes appeal to India's fast-growing female customer base

VW makes appeal to India's fast-growing female customer base https://ift.tt/R0kWErn

A new dealership in India is staffed entirely by women, in a bid to attract female buyers and promote diversity in the industry.

Inventory in U.S. inches up to 1.21M

Inventory in U.S. inches up to 1.21M https://ift.tt/rM46skb

After seven months of being mired in a narrow band, new vehicle inventory in the United States climbed to 1.2 million units last month, the highest levels since June 2021.

Ford wants its dealers to match Tesla's lower selling costs

Ford wants its dealers to match Tesla's lower selling costs https://ift.tt/VZDrYMb

Ford has told dealers that one key topic for the meetings will be a discussion of new agreements that would govern how dealers sell Ford's expanding lineup of electric vehicles.

The writing is on the wall for ringless voicemails

The writing is on the wall for ringless voicemails https://ift.tt/VXo6rdZ

The legal consensus, based on numerous court decisions, is that ringless voicemails are illegal without prior consent. And that means dealerships should be careful.

Dodge dealership to pay $935K in EEOC discrimination claim

Dodge dealership to pay $935K in EEOC discrimination claim https://ift.tt/s6j3mFp

Christopher's Dodge Ram in Colorado agrees to a $935,000 payment related to a gender discrimination claim brought by the U.S. Equal Employment Opportunity Commission.

Kia, Volvo, Ford-Lincoln and Honda dealerships sell across 4 states

Kia, Volvo, Ford-Lincoln and Honda dealerships sell across 4 states https://ift.tt/jgQWrvV

Auto retail groups acquire Kia, Volvo, Ford-Lincoln and Honda dealerships in purchases involving stores in Indiana, Hawaii, Ohio and Wyoming.

Dealer anniversaries

Dealer anniversaries https://ift.tt/BIa6GX1

Dealers featured this week include Linda Leith, dealer principal of Mercedes-Benz of Raleigh in North Carolina; Dale Zude, owner of Kimberly BMW of Davenport in Iowa; and Rick Sparks, dealer principal of Sparks Toyota in Myrtle Beach, S.C.

Wholesale used-vehicle prices fell ‘substantially' through August

Wholesale used-vehicle prices fell ‘substantially' through August https://ift.tt/1qZtXh5

Cox Automotive said wholesale prices declined 4 percent compared with July.

Ineos' dealer network for the Grenadier takes shape

Ineos' dealer network for the Grenadier takes shape https://ift.tt/Ar8hBuQ

Ineos, the British chemical company whose first vehicle, the Grenadier SUV, is now in production, is gearing up for its North American launch about a year from now.

Cox: Car dealers' sentiment dips in Q3 on concerns about economy, inflation

Cox: Car dealers' sentiment dips in Q3 on concerns about economy, inflation https://ift.tt/TQcD1ps

Nearly half of franchised dealers surveyed said economic conditions were holding back their business during the third quarter, and 40 percent said interest rates were holding their companies back. Those proportions rose significantly from the second quarter.

Mercedes-Benz, Ford-Lincoln, Chevy and Stellantis dealerships change hands in 4 deals

Mercedes-Benz, Ford-Lincoln, Chevy and Stellantis dealerships change hands in 4 deals https://ift.tt/JylYt0f

Four dealership groups, including a growing Canadian auto retailer, completed third-quarter, second-quarter and first-quarter transactions of single stores across four states.

Market Scan: Some incentives not promoted

Market Scan: Some incentives not promoted https://ift.tt/F9wkfKP

Payment calculation and analytics provider Market Scan says its data shows auto dealerships aren't presenting special manufacturer promotional deals to customers if the retailer can't add margin to interest rates.