Blog

Potential Risks: Detachment of Rear Coil Spring in Motion Poses Crash and Injury Hazards Jeep has announced a recall of over 331,000 Grand Cherokee and Grand Cherokee L SUVs from the 2022 and 2023 model years. The recall is being conducted because there is a possibility that an important suspension component may detach while the […]

Imagine a future where your new Chevy or Buick comes equipped with ChatGPT, a cutting-edge AI technology that acts as your personal assistant on the road. General Motors, in collaboration with Microsoft, is eager to make this a reality. “ChatGPT is going to be in everything,” said General Motors Vice President Scott Miller. No more […]

Car dealerships need to be aware of their legal obligations when it comes to compliance. One of those legal obligations is to ensure that any car sold is safe and ready for use on the road. “Although a used car dealer does not insure the safety of a car he sells, and is under no […]

Exploiting Position in Finance Department, Suspect Defrauds Multiple Victims The Scam Unveiled: Perpetrator Takes Advantage of Honda Dealership Law enforcement officers in Miami have apprehended Carlos Ravelo, a 51-year-old man accused of scamming at least 11 individuals out of $179,800 in cash. Ravelo allegedly exploited his position within the finance department of a Honda dealership […]

Navigating the Challenges of Vehicle Valuation in the Automotive Industry In the fast-paced field of car dealerships and sales, understanding the difficulties of vehicle valuation is important for protecting fair transactions. While consumers are focused on getting the best value for their trade-ins, it’s critical for dealerships to maintain transparency and accuracy. In this insightful […]

KBRA’s Evaluation of Foursight Capital’s Auto Receivables Performance Understanding the Rating Assignment for Foursight Capital Automobile Receivables Trust 2023-2 In a move that impacts the financial landscape, KBRA (Kroll Bond Rating Agency) has unveiled preliminary ratings for five distinct classes of notes issued by Foursight Capital Automobile Receivables Trust 2023-2 (FCRT 2023-2). This asset-backed security […]

If you ever wonder if California Lemon Law applies to RV’S, the answer is, YES! In California, recreational vehicles (RVs) are protected under the state’s Lemon Law just like any other type of motor vehicles. This means that car dealerships must comply with the law and consumers may be eligible for compensation if their RV […]

OFAC stands for the Office of Foreign Assets Control, which is a division of the US Treasury Department. For car dealerships, OFAC has regulations that prohibit them from doing business with certain individuals or organizations that are on a list of “specially designated nationals” (SDN) or “blocked persons.” This means that car dealerships are required to check the […]

Exploring the Financial Implications and Considerations When purchasing a vehicle, customers often face the dilemma of negative equity, which occurs when the remaining balance on their current auto loan exceeds the trade-in value of the vehicle. Adding negative equity to the purchase price of a subsequent vehicle can be a complex financial decision that requires […]

CARFAX and SafeDealsAI Work Together to Warn Dealers and Consumers of the 2.5M Recalled Vehicles on the Road Early in May, BMW, Ford, Honda, and Fiat Chrysler issued critical warnings for specific vehicle models due to safety recalls. BMW joined the list by issuing a “Do Not Drive” warning for 90,000 vehicles built between 2000 […]