Studies show the public tends to be wary of driverless taxis and full vehicle automation technology in general. Amazon’s Zoox is now the brand of self-driving taxis under the regulatory microscope.The National Highway Transportation Safety Administration is investigating two rear-end crashes that involved Zoox-equipped vehicles, both Toyota Highlanders with the brand’s automated driving system installed…

The share of loans whose terms exceed 72 months rose 89 basis points, though it fell one percentage point year-over-year. Pexels/RDNE Stock Project Auto credit availability was mixed in April, with an overall slight tightening year-over-year among new and certified preowned channels and banks and captive finance companies. Cox Automotive’s All-Loan Index was essentially flat…

The law, sponsored by state Sen. Brandon Storm, imposes stricter regulation of auto glass repair shop trade practices. Pexels/Kaan Durmuş Kentucky passed a state law similar to a recently enacted Florida statute, prohibiting requirements that insured consumers use a particular auto glass repair shop, as well as deceptive repair practices. The law, sponsored by state…

Thirty percent of its 22 to 24 year olds had auto loans as of the fourth quarter, compared to 25% of millennials 10 years earlier. Pexels/Elijah O’Donnell The youngest borrowers are tapping credit more than their millennial counterparts did at the start of their borrowing histories, and the generation also has higher delinquency rates. A…

Before even bringing someone on to the F&I team, it’s important to know what to look for. Pexels/Mike Bird Jason Gannon recalls his first deal. Shortly after graduating college in his native Maine with a degree in graphic design, he ended up in a car accident. He was lucky enough to have a dad who…

Total auto loan fraud actually fell last year, though that resulted from a decline in origination volume, according to the report. The rate of applications with evidence of fraud rose 6%. Pexels/Markus Winkler Losses to automotive loan fraud reached to about $8 billion last year, according to a new study, as restrained affordability came to…

Sedans, led by Kias and Hyundais, topped the list of the most stolen vehicles in the U.S. last year, replacing full-size pickups. A rash of thefts of 2011 to 2022 Kias and Hyundais was fueled in part by social media how-tos on how to lift the models, which lack standard antitheft technology. The thefts led…

Quality questions can produce better goals for your business. Pexels/Engin Akyurt It is my hope that you were able to achieve more than you expected in 2023 and lived with a higher degree of fulfillment. As 2024 speeds toward its midway point, it still presents a great opportunity to build on the momentum that you…

Though the average manufacturer suggested retail price of an EV is more than $2,200 beyond that of a comparable gas-powered car, incentives and tax credits can close that difference. Pexels/Cėsar Baciero A newly released study says electric vehicles now cost less than gas-powered models when all the costs over an entire ownership are calculated. That…