Massive California Legal Changes In Retail Car Sales California is preparing to roll out breathtakingly massive automotive consumer-protection laws, most of which will take effect in October 2026 and some in January 2026. These changes will require significant re-training of staff, new advertising procedures and possibly web sites, and retention of advertisements and disclosures even if a vehicle is […]

Understanding the Basics of Vehicle License Fees

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In the state of California, vehicle license fees (VLF) are a type of annual tax that is assessed on the ownership of a vehicle. The fee is based on the vehicle’s current market value and is typically paid when the vehicle is registered or when the registration is renewed. The VLF is collected by the California […]

Black Book Used Vehicle Retention Index Continues Its 8th Consecutive Year-Over-Year Decline

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Analyzing the Prolonged Downward Trend in Black Book’s Used Vehicle Retention Index Price Easing in the Wholesale Vehicle Market As the wholesale vehicle market transitions from spring, prices are persistently easing when compared to the levels observed a year ago. This adjustment reflects the ongoing dynamics within the market. Eighth Consecutive Year-Over-Year Decline in Black […]

Legally Repossessing Vehicles

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Car dealerships should exercise caution and observe the laws when repossessing a vehicle. It is important for car dealerships to be aware of state and federal regulations, as well as local ordinances, when attempting to reclaim a vehicle. In most cases, the dealership must provide the customer with the proper notification prior to taking back […]

Active Discussions among OEMs on Affordability with Anticipated Discounts and Incentives

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Collaborative Efforts by OEMs to Enhance Affordability through Discounts and Incentive Programs In response to the prevailing issue of unaffordability in the car market, multiple automakers are recognizing the need for action and indicating the reintroduction of incentives. With growing concerns over the affordability crisis, these manufacturers are actively exploring options to address the issue […]

7 Ways to Protect Your Car Dealer Business From Inflation Pressure

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Inflation can have an impact on the automotive industry. When inflation occurs, prices for goods and services tend to rise, including the cost of raw materials, manufacturing, transportation, and labor. These cost increases can be passed on to consumers in the form of higher vehicle prices or reduced incentives, which can make car purchasing more […]

Selling Vehicles With Missing or Modified Smog Equipment

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Car dealerships must comply with state vehicle emissions requirements in order to remain in business. If a dealership were to knowingly sell a car with missing smog equipment, or have any modifications that are not smog-legal, they could be subject to fines and other penalties imposed by the state, including civil lawsuit claims. Dealerships should […]

Study Reveals Tesla as the Most Driven Electric Vehicle (EV)

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Analysis Shows Tesla Leads the Pack as the Most Frequently Driven Electric Vehicle (EV) Analyzing EV Mileage and Range in Comparison to Gasoline Models A recent iSeeCars study examined over 860,000 cars from the 2020 model year to investigate the driving patterns of battery-electric vehicles (EVs) and their comparison to gasoline-powered models. The study unveils […]

Unemployment Rate Decreases as Economy Gains 253,000 Jobs, According to NIADA Dashboard

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The latest job market report from the National Independent Automobile Dealers Association (NIADA) Dashboard reveals some promising news for the U.S. economy. According to the report, the unemployment rate has decreased and the economy has gained 253,000 new jobs. This is a clear sign that the job market is improving, which is good news for […]

Carvana’s Shares Surge After Company Issues Q1 Guidance, Debt Restructuring

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Carvana, the popular used car retailer, made waves in the stock market today with a big announcement. Despite lower sales and revenue, the company predicts a significant improvement in their profits for the first quarter. As a result, shares skyrocketed by nearly 30% this morning and have doubled in value this year. With a $9 […]

Call to Ease ‘Aggressive and Arbitrary’ Emissions Rules by Automaker Advocate

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Urgent Appeal for EPA to Reconsider Stringent and Arbitrary Emissions Regulations, According to Automaker Advocate Advocacy Group’s Strong Rebuttal The leading advocacy group representing car companies has issued a significant call to the Biden administration, urging a reconsideration of proposed emissions rules. The group expresses concerns regarding the ambitious target of 67% electric vehicle sales […]