Auto News
Auto Loans Easier to Come By
Cox’s All-Loans Index rose 1% in November to 95.4, the highest point since October 2023. Automotive credit loosened the most in more than a year, easing the most for new-vehicle loans.In November more borrowers won loan approvals, in addition to better loan rates, says Cox Automotive, which observed greater credit access across all channels and…
Automated Claim Approval Tool to Debut at NADA
American Guardian Warranty Services, a leader in providing administrative services for agents and dealers offering vehicle protection products, limited warranties, and a variety of environmental and aftermarket products across the US, announced today it has developed a much faster way to file and track claims. Removing the need to rekey information, and eliminating wasted time…
Vehicles Close Year With Safety Nods
The 2024 Mach-E is one of 10 models winning IIHS’ top safety award. Nineteen models across 11 auto brands earned one of two top safety awards after recent rounds of testing. The nonprofit Insurance Institute for Highway Safety said some of the 10 new winners of its highest-level award, Top Safety Pick+, hadn’t earlier undergone…
Alabama Franchises Sell
Cooper opened for business in 1977, serving Anniston and Oxford in northeastern Alabama, along with surrounding areas in the eastern part of the state. Drive Direct Digital LLC An eastern Alabama auto dealership acquired two franchises from a fellow Anniston dealer who’s retiring to more than double its inventory. Cooper Chevrolet Buick, in business for…
The FTC’s Proposed CARS Rule in 600 Words
Though the CARS Rule hadn’t taken effect as of this writing, dealers should prepare because it could become law early this year. Pixabay/markusspiske The proposed CARS Rule, Combating Auto Retail Scams Rule, or the National Automobile Dealers Associations’ preferred name, the Vehicle Shopping Rule, could transform the car business. It is not yet law, but…
New-Vehicle Buying Picks Up
The November seasonally adjusted annual rate was 16.5 million, the strongest pace since the spring of 2021. Pexels/Attila Darvas Buying new vehicles proved pricier for the second month in a row in November, though incentives grew even more to pump up sales, which were also aided by bigger inventories. The average transaction price for the…
Grants Aimed to Make Roads Safer
NHTSA said collecting more data faster will help it update its strategies, research, rule-making and public education campaigns. In an effort to cut serious injuries and deaths on U.S. roads, 19 states and territories are getting federal grants to update their crash data systems. The money from the National Highway Transportation Safety Administration is intended…
Five-Star F&I: The Secret to Customer Delight
Potential customers read reviews and form opinions long before they ever step foot in a showroom. Pexels/Mikhail Nilov Where do people get the inspiration to write reviews? Picture this: You’ve just come home from dinner, settling in for the night, when suddenly, you jump out of bed and start furiously typing on your computer: “It…
OEM Apps Still Lacking
Hyundai Motor North America’s Manish Mehrotra, vice president, digital business planning and connected operations, and Vijay Rao, director, connected operations and owner apps/websites, celebrate winning J.D. Power’s 2024 U.S. OEM ICE App trophy. Many U.S. auto consumers value the potential of their vehicle manufacturer mobile applications, but the apps often fail to meet their expectations,…