Automotive News


If anything happens in the industry, we'll provide all of the important details here. Find out what's going on with manufacturers, lenders, compliance laws, and the latest automotive-related studies and reports right now.


Car  Sales  Numbers  Down  in  August  for  Large  Manufacturers Car Sales Numbers Down in August for Large Manufacturers

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Motorcars  Honda  Named  First  Carbon  Neutral  Dealership  in  the  World Motorcars Honda Named First Carbon Neutral Dealership in the World

Honda is one of the "greenest" car makers, so it's only fitting that their dealers are following suit. In July, BP presented Motorcars Honda of Cleveland Heights, Ohio with the "Carbon Neutral Award," making it the world's first carbon neutral car dealership.

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Auto  Manufacturer  Websites:  Shopping  Tools  Boost  Consumer  Satisfaction Auto Manufacturer Websites: Shopping Tools Boost Consumer Satisfaction

J.D. Power recently released their 2016 Manufacturer Website Evaluation Study ? Summer. It found that the use of shopping tools on auto manufacturer websites can significantly boost consumer satisfaction among those shopping for a new vehicle.

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Report  Suggests  an  Updated  Pricing  Approach  for  New  Vehicle  Financing Report Suggests an Updated Pricing Approach for New Vehicle Financing

NADA examined why the way auto lenders evaluate new vehicle financing is all wrong in the latest NADA Used Car Guide white paper. The report contends that, in order to mitigate risk and improve their ability to profitably navigate the market, lenders should be using a market-based metric to assess new vehicle values. This updated pricing approach for new vehicle financing could become the way of the future in the car business.

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Auto  Sales  Growth  Expected  to  Slow  in  Third  Quarter Auto Sales Growth Expected to Slow in Third Quarter

A survey conducted by Equifax, in partnership with NIADA, has found that independent auto dealers are anticipating sales growth to slow during the third quarter of 2016. The survey included data from 150 different used car dealers, which was formally presented during the 2016 NIADA Convention and Expo in Las Vegas.

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Over  a  Million  Off-Lease  Vehicles  to  Hit  Market Over a Million Off-Lease Vehicles to Hit Market

Experian Automotive is predicting that over 1.8 million vehicles that are coming off-lease will hit the market between April and the end of the year. Data suggests that approximately 79% of consumers with leases ending in the next two to four months will choose a new vehicle lease, while the remaining 21% will decide on a used one. This means that a large inventory of used vehicles may be available in the near future.

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Study  Gets  "Into  the  Minds"  of  Used  Vehicle  Buyers Study Gets "Into the Minds" of Used Vehicle Buyers

A recent study from vehicle history report provider CARPROOF examined the why and how behind the path to purchase for used vehicle buyers. According to CARPROOF president Mark Rousseau, "This particular data-set?will be very insightful to dealerships looking to find new customers and build relationships that bring them back for their next purchase."

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Will  Brexit  Affect  American  Car  Dealers? Will Brexit Affect American Car Dealers?

Ever since the people of Great Britain voted to leave the European Union (EU), everyone on the planet who has anything to do with the global market has been scrambling. Professionals from every industry are wondering whether or not this surprising turn of events will have an impact on their business.

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How  Longer  Vehicle  Lifespan  is  Changing  How  People  Buy  Cars How Longer Vehicle Lifespan is Changing How People Buy Cars

A recent survey performed by AutoMD.com, an automotive repair resource backed by data specialists, shows that the vast majority of consumers will be looking at pre-owned options when it comes time to buy their next primary vehicle. The survey results indicate that the longer lifespan of vehicles has changed the way people go about buying cars.

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Consumer  Credit  Default  Rates  At  Post-Recession  Low Consumer Credit Default Rates At Post-Recession Low

According to the most recent data from S&P Dow Jones Indices and Experian, consumer credit default rates are at a post-recession low.

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