The car dealership industry is already feeling the pinch of high interest rates in 2023 and is being forced to change and adapt. As a result, car dealerships who offer loans are becoming more strict in their financial compliance practices in order to protect themselves against potential lawsuits as it’s becoming more difficult to provide...Read More

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...Read More

Record-Breaking Value Decline in the Full-Size Vehicle Market With the UAW strike now behind us, the automotive market is undergoing a correction, notably in the Truck and SUV segments. Black Book’s Weekly Market Insights reveals unprecedented single-week depreciation in Full-Size Vans and Full-Size Trucks. This article breaks down the key findings and market trends. Segment-Wide...Read More

In a move that will benefit EV buyers, the federal government has expanded eligibility for the revised electric vehicle tax credit. Automakers such as General Motors Co. and Stellantis NV had lobbied to include crossover SUVs in this expansion of incentives, which allow purchasers of vehicles up to $80,000 credits worth up to $7,500 –...Read More

Exploring the Implications and Implementation of California’s New Fast-Food Worker Law In a significant move for California’s fast-food sector, Governor Gavin Newsom recently enacted AB 1228 into law, instigating a series of changes. These include the establishment of the Fast Food Council, a boost in the minimum wage to $20 per hour, and alterations to...Read More

Embracing Technology for a Modern Car Buying Experience: Navigating Legal Challenges in the Age of Digital Car Purchases and Online Advertising Shifting Trends in Car Purchases In today’s rapidly changing world, technology continues to reshape our lives. It’s essential to understand the current state of the automotive industry and its future direction, especially when it...Read More

#1 – Customers claim they didn’t know what AS-IS means… The buyers guide has to be clearly displayed on the vehicle. When selling AS-IS, it should also state that the vehicle is sold “as is.” It should also include that the quality and performance of the vehicle is the buyer’s sole responsibility. The document needs to also explain that if the...Read More

Car dealerships must take proactive steps to secure titles for all vehicles purchased from car auctions before they sell the car. This includes implementing due diligence and researching relevant laws and regulations in order to guarantee compliance with all applicable title requirements. Additionally, car dealerships should prioritize communication between the car auction company and DMV to ensure...Read More

Insights into Recent Changes in Truck Market Values Truck Prices: Declining Trend In the most recent update of the Carfax Used Car Index , it is revealed that pickup truck prices saw a dip of around $700 in September. These fluctuations mark interesting changes in the automotive market. Trucks: From Highs to Lows Truck prices have now...Read More

Exploring the Growing Constraints of Auto Financing Options Credit Access Tightening Across Lender Types According to a Dealertrack report, credit access in the auto industry has been tightening consistently on a year-over-year basis. This trend is observed across all lender types, with auto-focused finance companies experiencing the least tightening while credit unions face the most...Read More