Auto News
Dealers Honored for Satisfied Customers
Ten of the more than 100 dealers got a special ‘premier’ designation for garnering at least 150 customer reviews with a high average rating.Pexels/Gustavo Fring More than 100 U.S. auto dealers have been honored with awards for satisfying customers, 10 of them rising to the top of the ranking for surpassing performance.Edmunds honored 107 dealerships…
McCormick to Bring ‘Fun in F&I’ to EFI Con
Top F&I trainer Rick McCormick will deliver “Fun in F&I? Really?” at the upcoming Ethical F&I Managers Conference. IMAGE: Reahard & Associates LAS VEGAS — Organizers announced Rick McCormick, national director of training for Reahard & Associates and a longtime supporter of and speaker at the Ethical F&I Managers Conference, will deliver the opening keynote…
Fed Holds the Line on Rates
Average auto loan rates are up this month after falling last autumn. Pexels/Olia Danilevich The Federal Reserve left interest rates unchanged in its first meeting of the year after a series of 2024 rate cuts. Chairman Jerome Powell said the central bank currently has no plans for changes in the strong economy. Though the Fed…
Head-Injury Danger to Be Assessed
Until IIHS adds the metric to its testing regimens, it encourages automakers to make adjustments with the head-whipping risk in mind. Pexels/Juan Antonio Garcia-Filoso Rodriguez A major auto crash tester plans to start assessing the risk of head whipping upon impact, which it said could lead to air bag changes to protect against the injuries…
Electrified Models Get 2025 Nods
Affordability was a major factor in the Civic Hybrid winning two of the seven awards. A half-dozen vehicle models have been named Edmunds’ 2025 Best of the Best, all but one of them hybrids or purely electric vehicles. The annual recognitions, in their sixth year, reward the “value and efficiency” of electrifieds, Edmunds said. The…
CARS Rule Inoperable
The 2-1 decision hinged on a technicality, that the commission failed to give advance notice of rule-making for the proposal. Pexels/Alexander Kovalev The Federal Trade Commission’s much-reviled and dreaded car-shopping rule was struck down in court Monday in a decision that came as a surprise to many auto retailers who considered the regulation a foregone…
A Time-Tested Vision
Holman founder Steward Holman, left, with his son Joseph in front of a Model T in this circa 1970s photo. Joseph took over company leadership in 1982 when Steward died. It was the middle of the roaring ‘20s, but Steward Holman hadn’t let the headiness of the era go to his head. When he opened…
Ford Recall to Address Battery Issue
2022 and 2023 Ford Mavericks are included in the recall. Ford recalled nearly 273,000 SUVs and pickups due to the risk their batteries may suddenly stop working. The recall includes the 2021 to 2023 Bronco Sport and the 2022 and 2023 Maverick. Just an estimated 1% of the vehicle population has the 12-volt battery defect,…
Brisk New-Vehicle Sales Open Year
The forecast estimates January retailer profit per unit will be down about 14% year-over-year. Pexels/Obi Onyeador January new-vehicle sales are forecast to be up 5% over a year ago, though dealer profits are down. The J.D. Power forecast estimates retail sales will hit just over 904,000 units this month, which has the same number of…