Auto News
Used Price Drops Slow
The overall June dip is part of a wider decline that Cox first observed in the used-vehicle index in 2021.Pexels/Richard Taveira Used-vehicle values continued a series of decreases in June, though at a slower pace.Cox Automotive noted a seasonally adjusted 0.6% decline for the second month in a row for an index reading of 196.1…
Wranglers Wrangled Over Recall
2024 Jeep Wranlger 4XE is one of the models included in the recall probe. Stellantis Jeep Wranglers across four model years are being investigated over an engine issue that can cause a power shutdown. The probe takes in more than 94,000 Wrangler model years 2021 through 2024. The original recall addressed the engine shutdown in…
Time Savers
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Most CDK DMS Customers Back Online
The outage even negatively affected June vehicle deliveries, at least some industry data crunchers reported. Pexels/Lex Photography CDK Global said most auto dealers are back on its dealer management system and that it expects its customer relationship management software to be at least partially back online by Thursday. The development comes more than two weeks…
Motorcycle Safety Board to Advise Transportation Officials
U.S. motorcycle deaths increased 2% last year to 6,342 while overall traffic fatalities fell for the second year in a row. Pexels/Djordje Petrovic Motorcycle fatalities are rising, according to traffic statistics, and a federal transportation agency has appointed an advisory body to guide it on motorcycle safety issues. The National Highway Traffic Safety Administration established…
Vehicles Recalled Over Fire Risk
The Defender is among five brands’ 2024 models affected by the recall. Jaguar Land Rover Jaguar Land Rover has recalled a small but varied number of new vehicles over an oil leak problem that can lead to fire. The 2024 Defender, Discovery, Range Rover, Range Rover Sport and Range Rover Velar vehicles can experience a…
EV Sales Make Progress
EV market share rose in 37 states year-over-year. Pexels/Kindel Media Electric-vehicle sales had a mixed first quarter in the U.S. but demonstrated headway in a market that has been slower to adopt the newer power train. An Alliance for Automotive Innovation report shows EVs made up 9% of new light vehicle sales in the quarter,…
APCO Holdings Picks Up Two Firms
APCO CEO Tony Wanderon says buys further ‘strengthen its position in the F&I industry.’ APCO Holdings APCO Holdings, a provider and administrator of automotive rinance and insurance products acquired two companies, widening its holdings in the RV and power-sports segments. The acquisitions of Capital Administrative Professionals and Rider’s Advantage follow its acquisition of Crystal Fusion in…
CDK Says Full System Back This Week
CDK is gradually adding dealer customers to its DMS this week. Pexels/Lex Photography CDK Global said Monday that it plans to get all of its dealer customers back on its dealer management system by Thursday at the latest. The software system has been largely down following two cyberattacks on June 19. CDK said it’s “rapidly”…
Auto Credit Crunch Tightens
The percentage of borrowers late on their payments by 60 days or more rose year-over-year from 1.2% to 1.3% in the first quarter. RDNE Stock Automotive debtors’ burdens are getting heavier. A study by Transunion found that average monthly debt responsibility rose 20% over the past two years, far outpacing Consumer Price Index growth. The…