Auto News

Auto Recalls Up in Q1

By Tricor Admin | May 16, 2024

Air bag issues were the most common reason by volume, representing a quarter of effected units, or three million.Pexels/Dietmar Janssen Automotive recalls rose 9% in the first quarter to the highest volume of any quarter in two and a half years, though the volume of effected units fell.A Sedgwick report puts the quarterly total at…

AutoPayPlus Makes Key Promotions

By Tricor Admin | May 15, 2024

AutoPayPlus AutoPayPlus AutoPayPlus promoted two team members to strengthen its leadership structure for better navigation of market complexities while supporting continued career development at the company. Amilcar (AP) Matus is now senior director of operations, and Carl Moore is senior director of CRM and data analytics. CEO Robert Steenbergh expressed confidence in the moves, saying,…

Vehicles Ranked on Expected Recalls

By Tricor Admin | May 15, 2024

The Taycan EV tops iSeeCars’ most-recalls list with a projected 70.7 lifetime recalls. A new data analysis ranks the vehicles likely to be recalled the most and the least, putting the all-electric Porsche Taycan at the top of the list. Online automotive search engine and research website IseeCars reviewed statistics from the National Highway Traffic…

New Cars Less Affordable

By Tricor Admin | May 15, 2024

Inventory, which was flat for the month, is expected to resume its gradual rebuilding, and incentives will likely follow it, Cox said. Pixabay/LuckyLife11 New-vehicle affordability waned in April as manufacturers took their feet off the incentive gas. The average transaction price rose 2% to $48,510, according to Cox Automotive, which said that’s the highest ATP…

Black Book: Weekly Market Update

By Tricor Admin | May 14, 2024

EV Story to Take Dramatic Turn

By Tricor Admin | May 14, 2024

U.S. EV sales peaked in 2022, Cox says, though it considers that shift “a new phase of development.” Pexels/Pixabay As electric-vehicle sales numbers underwhelm in the U.S. and Europe, a new forecast pegs a dramatic upward turn in the segment. Cox Automotive predicts that U.S. EV adoption, after its recent downward trend that caught major…

Dealerships Have More F&I Power Under the Hood Than They May Think

By Tricor Admin | May 14, 2024

Pitching finance-and-insurance products in the service drive might seem counterintuitive, but of course that’s where many of those very products ultimately get fulfilled. To Corey Smith, national fixed operations training manager at F&I products provider APCO Holdings, it’s an all-too-often missed opportunity. He explained why at Bobit Dealer Group’s most recent Industry Summit event, where…

Another Steering Wheel Decal Injures

By Tricor Admin | May 14, 2024

The NHTSA advises consumers to remove any existing decals from their steering wheels and avoid buying them for any make or model. Pexels/Tobi Despite a warning regulators issued last fall to avoid using steering wheel decals, another driver suffered severe injuries from such an add-on in a recent crash. The National Highway Transportation Safety Board…

Guest commentary: Young car owners want radio, video and personalization in the dashboard

By Jeff Jury | May 14, 2024

There appears to be a direct correlation from the importance of the vehicle as a third space to the significance consumers are placing on entertainment.

Controlling the Controllables

By Tricor Admin | May 13, 2024

Keep a notes section on your phone and jot down, and each time you encounter a situation or objection or hear a close, jot it down. Pexels/Arina Krasnikova Much of what we encounter in the F&I office is not controllable. We have no control over our lender’s interest rates. We can’t control an increase in…