ironcore – Page 137

WANADA Open is set for June 8 at Lansdowne

WANADA Open is set for June 8 at Lansdowne The general golf tournament at the WANADA Open at the Lansdowne Resort in Leesburg, Va., on June 8 is full. But thereês still space in the dealer-vs-dealer tournament and at the cocktail reception and dinner. And the registration deadline of June 3 is fast approaching. The […]

Rental cars with open safety recalls must be grounded by June 1!

Rental cars with open safety recalls must be grounded by June 1! Starting June 1, 2016, rental companies with an average of 35 or more vehicles in a rental fleet in a calendar year are barred from renting any vehicles with an unremedied safety recall. The requirement — which does not apply to vehicles over […]

Recourse for dealers with cars with stop sale notices

Recourse for dealers with cars with stop saleê notices Many of the recent recall announcements have been accompanied by a stop sale order from the manufacturer or NHTSA. The law prohibits the sale of such vehicles until the defect is remedied. What recourse do dealers have in such cases? For new cars, the federal Motor […]

How 3 big dealer groups are handling cars on open recall

How 3 big dealer groups are handling cars on open recall AutoNation, Asbury Automotive Group and Sonic Automotive have all decided not to retail any vehicles recalled for safety reasons, according to Auto Remarketing. AutoNation announced last September that it would not sell, lease or wholesale any new or used vehicle on open safety recall. […]

Midterm report on fuel economy standards coming soon

Midterm report on fuel economy standards coming soon The EPA will soon issue its midterm report on fuel economy standards passed in 2012, which require an overall U.S. fleet fuel economy of 54.5 mpg by 2025. All the major automakers endorsed the standards when they were passed, mainly because they wanted a single national standard […]

More millennials are getting car loans

More millennials are getting car loans Every day, it seems, another study belies the myth that young people arenêt buying cars. A new report from the online loan marketplace LendingTree says that millennialsê share of auto loan requests has climbed from 27 percent in early 2013 to about 34 percent in 2016. LendingTree CEO Doug […]

Toyota deal enables automaker to sell more cars to Uber drivers

Toyota deal enables automaker to sell more cars to Uber drivers Toyota has found a way to enter the ridesharing arena and also sell more cars. The automaker signed a strategic deal with ridesharing company Uber for an unspecified amount, allowing the companies to run trials in several countries. Part of the investment comes from […]

Auto loans top $1 trillion; lease balances skyrocket

Auto loans top $1 trillion; lease balances skyrocket Auto loans climbed 11 percent in the first quarter of 2016, passing $1 trillion for the first time on record, said Experian Automotive. Leases grew even faster, increasing by 27.5 percent to a record $76.9 billion. Automotive financing certainly has started off the year with a bang, […]

Autotrader picks top cars for new college grads

Autotrader picks top cars for new college grads Autotrader provides a good marketing tool for summer sales with its list of top vehicle picks for new college graduates. The editors chose nine new and CPO cars that are affordable to buy, lower cost to own, practical and, in their view, offer great styling and a […]

DC area sales up 3.6% in first quarter; light truck share rises to 55%

DC area sales up 3.6% in first quarter; light truck share rises to 55% Washington area sales rose again in the first quarter of the year, up 3.6 percent. Nationwide, first quarter sales were up just 2.1 percent. WANADA Area Report figures are from Polk new-vehicle registration data are available at the end of this […]