Auto News

Heat Illness Checklist

By Tricor Admin | May 8, 2024

As temperatures rise, the risk of heat-related illnesses such as heat stress, heat exhaustion, and heat stroke becomes a serious concern for workers. KPA’s Heat Illness Checklist provides essential guidance to employers on protecting their workforce during the summer months. Here’s what you’ll get from this comprehensive whitepaper:Practical tips and strategies to plan for and…

Dusting off the Cobwebs – Junk Fees of the Past

By Tricor Admin | May 7, 2024

Dealers should simply not engage in fraud and charge bogus fees. Pexels/Phil Kallahar For many years I worked for the Florida Attorney General’s Office prosecuting dealers, and often I went undercover at dealerships.  These experiences sometimes illuminated inscrutable and fraudulent charges. A recent case brought back memories of dealer violations. New England Dealer Allegedly Adding…

New Inventory, Pricing Report Debuts

By Tricor Admin | May 7, 2024

Vincensus Report provides, monthly, quarterly data on the state of automotive inventory across major OEMs. Lotlinx, a VIN-specific data company for dealership inventory management, released its inaugural quarterly Vincensus Report, a comprehensive monthly/quarterly inventory analysis. Each month and quarter, the Vincensus Report will offer deep real-time data and insights visibility into the trends shaping OEM-specific…

Survey Shows Dealers Are Susceptible to Fraud

By Tricor Admin | May 7, 2024

700Credit Managing Director Ken Hill said, ‘It’s alarming to view these results and see the staggering number of dealers who continue to neglect the critical practice of properly validating a consumer’s driver’s license and protecting that sensitive information inside their dealership(s).’ 700 Credit, LLC, a provider of credit reports, compliance solutions, soft pull, and identity-verification…

Europe Is Also Behind on EV Chargers

By Tricor Admin | May 7, 2024

EV sales in the European Union increased three times faster than charger installations from 2017 to 2023. Pexels/Ashley Fontana Europe, similar to the U.S., has a big gap in the number of public electric-vehicle charging stations needed to meet the European Union’s pollution-reduction targets. A report by the European Automobile Manufacturers’ Association calls the gap…

Auto Lighting Market Growing

By Tricor Admin | May 7, 2024

As the market grows, lighting technology is evolving. It’s been shifting from halogen front lighting to LED technology, and HD xenon lights are emerging as an alternative with similar attributes. Pexels/Erik McIean The automotive lighting market is poised for robust growth over the next five years as more vehicles hit the road, a new report…

CMA Launches Dealer Portal

By Tricor Admin | May 6, 2024

Customers can now place orders through the portal, track their progress, and view their order/invoice history. CMA/Double Coin CMA and Double Coin, a tire marketer and manufacturer, launched their dealer portal, a platform that provides streamlined processes, real-time information, and navigation tools for CMA customers to access information and place orders. Key highlights include: Intuitive…

EV Battery Rules Delay Debated

By Tricor Admin | May 6, 2024

The treasury department delayed enforcement of the battery-sourcing restrictions until 2027, giving automakers more time to reach compliance and opening more models to federal tax credits tied to the restrictions. Pexels/Mikhail Nilov When the U.S. government temporarily loosened regulation last week that curbs electric-vehicle battery materials sourced from China and other countries, a debate ensued…

Worldwide Auto Production Outlook Up

By Tricor Admin | May 6, 2024

The AutoForecast Solutions projection has production up in all regions except western Europe. Pexels/Charles Parker A global light-vehicle production outlook is up this month by about 180,000 units to 91.5 million for the year. The AutoForecast Solutions projection has production up in all regions except western Europe, which it revised down about 20,000 units, largely…

Preventing Bank Fraud

By Tricor Admin | May 3, 2024

If a lender has reason to believe bank fraud was committed, the dealer could be required to buy back the deal. Pexels/Dids Year after year, bank fraud continues to be a top compliance issue in dealerships. I continually stress to dealers how prevalent it is and their continuous need to have no-tolerance policies in place…