Auto News
Group Calls for Better Vehicle, Road Design for Safety
The good news is that crash-avoidance systems now in many vehicles have reduced rates of crashes involving pedestrians by 27% and have cut the severity of pedestrian injuries when crashes do happen.Pexels/Brett Sayles A traffic safety group called for automakers and road planners to make conditions safer for pedestrians and cyclists.Both vehicle and road design…
Q1 Buy-Sell Deals Hot
A recent dip in profits is inspiring many private dealers to put their stores up for sale in order to reap the return on still-elevated valuations. Pexels/Kelly First-quarter buy-sell activity reached record volume, according to Kerrigan Advisors’ Blue Sky Report, as more than 100 transactions closed encompassing 233 franchises that changed hands. That number represents…
The Most Powerful Word
The Most Powerful Word – F&I – F&I and Showroom [embedded content] June 20, 2024 Create your free Bobit Connect account to bookmark content. The secure and easy all-access connection to your content.Bookmarked content can then be accessed anytime on all of your logged in devices! Create Account Already a member? Log In
Family Sells Texas Toyota Stores
Broker Kerrigan Advisors says 93% of respondents to its 2023 Dealer Survey said they expect the Toyota franchise value to increase or stay the same next year. Two Texas Toyota dealerships recently sold after more than 50 years of family ownership. Sell-side firm Kerrigan Advisors represented the Toomeys in the sale of Alamo Toyota in…
New Cars Within Easier Reach
The average new-vehicle loan rate fell in May to its lowest in 11 months. Pexels/Tom Fisk Affordability in the new-car market picked up in May, thanks to increased incentives, a drop in auto loan rates, and continued income growth. The improvements were reflected in both month-over-month and year-over-year comparisons. Cox Automotive estimates that the average…
What Riles Drivers Most
Over a quarter of poll respondents say they themselves are innocent of the hated trespasses. Pexels/Roman Pohorecki A poll confirms what most drivers already knew: Driving can be a pain in the you know what. The results reveal just which irritants rankle the most. At the top of drivers’ pet peeves list, as revealed in…
You and the Cash Reporting Rule
The central purpose of IRS Form 8300 is to report potential money laundering and suspicious activity. Pexels/John Guccione A curious form that dealers must file from time to time is the “Report of Cash Payments Over $10,000 Received in a Trade or Business.” It has two form numbers: IRS Form 8300 and FinCEN Form 8300.…
1 Million-Plus Chrysler Vehicles Recalled
The 2022 and 2023 Grand Cherokees are among the more than a million vehicles recalled. Chrysler recalled more than a million vehicles over backup cameras that don’t work. Recalled vehicles include certain 2021 and 2022 Dodge Durangos; 2021 to 2023 Chrysler Pacificas and Jeep Grand Cherokee Ls; 2022 Ram 1500, 2500 and 3500s; and 2022…
Lincoln SUV Gets ‘Stellar’ Props
The Nautilus received the nonprofit insurance industry group’s highest award, the Top Safety Pick+. The updated Lincoln Nautilus SUV won a top safety award, drawing a description of “stellar” from the awarding group. The vehicle passed front and side tests, including one that stresses back-seat safety, plus a test evaluating pedestrian front crash prevention, the…