Honda Q1 2023 Financials: Chip Shortages and COVID Affect Production, but Sales Increase

Honda Struggles with Chip Shortages and COVID Outbreaks Honda Motor Company, the Japanese automaker, has struggled with chip shortages and COVID outbreaks that have hampered production. In February, the automaker said the chip shortage was bottoming out but would probably drag on through the second half of this year. The financial results for the quarter […]

Retail Used Vehicle Sales Decline in March 2023

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According to the latest report from vAuto of Cox Automotive, retail used vehicle sales experienced a decline in March. The decrease was attributed to several factors, including the ongoing shortage of new vehicles and the rise in prices of used cars. Impact of New Vehicle Shortage on Used Car Sales The ongoing shortage of new vehicles […]

HIGHLY IMPORTANT LEGAL UPDATE: VALDEZ v. SEIDNER-MILLER APPELLATE DECISION

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We review legal cases so we can appraise you of what is happening. On March 27, 2019, a California Appeals Court published a Decision on the case of Valdez v. Seidner-Miller (Toyota of Glendora). This case is of extreme importance for several reasons and requires your attention and possible changes in your policies and procedures. It should be noted that […]

Increasing Demand for Light Vehicles

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Navigating the Surge in Light Vehicle Sales: Strategies for Success The surge in Light Vehicle Sales Continues According to S&P Global Mobility, light-vehicle sales volume in May 2023 is projected to reach 1.31 million units, marking an 18% year-over-year increase. This represents the 10th consecutive month of volume improvement compared to the previous year. Supply […]

Sales and Use Tax Structure For Used Car Auto Dealers

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Summary of the New Sales Tax Law for Car Dealerships: On June 20, 2020, the California Legislature passed Assembly Bills 82 and 85 (Bills) to assist in addressing California’s budget deficit caused by the Covid pandemic. Some changes took effect since January 1, 2021. These changes require that some used vehicle dealerships pay sales and […]

GMC Sierra HD Faces Recall Due to Insufficient Diesel Fuel Pump Flow

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Addressing Safety Concerns: GMC Sierra HD Recall for Inadequate Diesel Fuel Pump Flow The Recall Issue and Affected Vehicles GM has initiated a product safety recall for select units of the 2017 to 2019 GMC Sierra HD pickup trucks equipped with the 6.6L V8 L5P turbodiesel Duramax engine and featuring the dual fuel tank feature […]

What Is the California Seller’s Permit?

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A California seller’s permit is required for any business that sells tangible goods in the state of California, including vehicles sold retail. All businesses must have a valid seller’s permit in order to legally sell taxable items or services and collect sales tax from customers. The permit allows businesses to purchase goods without paying sales […]

Kasra Sadr and Other Lawyers Suing Car Dealers Over Vehicle History and Condition

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The number of consumer lawyers suing car dealers for selling vehicles with prior damage or accident is still on the rise. In California, Kasra Sadr, Esq. of The Car Law Firm has been suing California auto dealers for years. Sadr seems to target dealers who sell cars that have been involved in prior accidents or sustained prior […]

Everything You Need to Know About Regulation Z

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Regulation Z is a federal regulation that applies to consumer credit transactions, including car loans. It is administered by the Consumer Financial Protection Bureau (CFPB) and is designed to protect consumers from unfair or deceptive credit practices. In the context of car dealerships, Regulation Z requires that dealers disclose certain information to consumers, such as the annual […]

Are Dealerships Required to Provide CARFAX or AutoCheck Reports to Customers?

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Vehicle history reports, such as those from CARFAX or AutoCheck, have become an integral part of any used car purchase. These reports can provide valuable information about a given vehicle’s prior history. Currently, California law does not specifically say that a dealer must provide its customers with a CARFAX or AutoCheck Vehicle History Report. However, […]