August 2, 2018 - Industry News
With cars expected to make up only 31% of July sales, the industry's average transaction price climbed by $985 from a year ago to $35,359.
Tags: average transaction price, Ford, Kelley Blue Book, Volkswagen
March 1, 2018 - Industry News
Transaction prices have remained unaffected so far this year by the expected slowdown in new-vehicle demand. Notable increases were recorded by American Honda, Toyota Motor Co., and Volkswagen.
Tags: average transaction price, Honda, Kelley Blue Book, Toyota, Volkswagen
December 27, 2017 - Industry News
Four of 20 automakers reported that automatic emergency braking (AEB) is standard on more than half of their 2017 model-year vehicles, according to an update released jointly by the National Highway Traffic Safety Administration and the Insurance Institute for Highway Safety.
Tags: automatic braking, Automatic Emergency Braking, NHTSA, Tesla Motors, Toyota, Volkswagen, Volvo
October 25, 2017 - Industry News
Despite the expected decline, October looks to be relatively strong on strong replacement demand in hurricane-impacted states and higher incentive spending. Kelley Blue Book analysts, however, believe these are indicators that new-vehicle demand is still contracting.
Tags: Fiat Chrysler, Honda, Kelley Blue Book, new-vehicle sales, Nissan, SAAR, Toyota, Volkswagen
September 29, 2017 - Industry News
The new warranty doubles the automaker's current three-year, 36,000-mile warranty. Called the People First Warranty, the coverage can be transferred to subsequent owners for up to six years or 72,000 miles from the date it was first sold new.
Tags: Powertrain Coverage, vehicle service contracts, Volkswagen
September 6, 2017 - Industry News
According to the American International Automobile Dealers Association, Hyundai and Nissan registered significant sales declines in August, while Subaru, Toyota, Volkswagen, and Volvo finished the month on a high note.
Tags: American International Automobile Dealers Associat, Hurricane Harvey, Hyundai, Nissan, Subaru, Toyota, Volkswagen, Volvo
September 5, 2017 - Industry News
Ford, Toyota, Nissan, and other automakers have made cash donations and other contributions to help the victims of Hurricane Harvey in south Texas and other Gulf Coast areas.
Tags: disaster relief, Ford, Hurricane Harvey, Nissan, Subaru, Toyota, Volkswagen, Volvo
April 12, 2017 - Industry News
The German automaker recently announced it will offer a six-year or 72,000-mile warranty on its Atlas mid-size SUV and Tiguan compact SUV for the 2018 model year. The upgraded warranty marks a significant upgrade from the 2017 Tiguan.
Tags: F&I products, vehicle service contracts, vehicle warranties, Volkswagen
April 4, 2017 - Industry News
This latest settlement, announced on March 30, will be paid to Connecticut, Delaware, Maine, Massachusetts, New York, Oregon, Pennsylvania, Rhode Island, Vermont, and Washington. The settlement was negotiated with attorneys general from each state.
Tags: Diesel, Volkswagen, Volkswagen Scandal
February 1, 2017 - Industry News
Volkswagen has agreed to pay $1.2 billion to buyers of vehicles powered by its emissions-violating 3.0L V-6 diesel engine as part of a settlement that still requires approval from the U.S. Federal Trade Commission and a federal judge.
Tags: Federal Trade Commission, Volkswagen, Volkswagen Scandal
January 24, 2017 - Industry News
A federal judge on Monday granted final approval to Volkswagen AG’s $1.67 billion settlement with 652 VW-branded franchised dealers in connection with the automaker’s diesel emissions scandal.
Tags: Diesel, emissions, Settlement, Volkswagen, Volkswagen Scandal
January 12, 2017 - Industry News
The 3.1% year-over-year increase in new-vehicle sales in December was more than enough to push the industry’s annual sales tally above the 17.5 million-unit mark for 2016, according to Autodata Corp.
Tags: Audi, BMW, Chrysler, December, Ford, GM, Honda, Mazda, Mercedes-Benz, Mitsubishi, Nissan, Porsche, SAAR, Toyota, Vehicle Sales, Volkswagen
The U.S. Environmental Protection Agency has accused Fiat Chrysler Automobiles of failing to disclose engine management software that increased air pollution in 104,000 diesel-powered Ram 1500 trucks and Jeep Grand Cherokee SUVs in the 2014 to 2016 model years. FCA officials say the software shouldn’t be considered a defeat device.
Tags: Autotrader, emissions, Environmental Protection Agency, Fiat Chrysler, Volkswagen
January 10, 2017 - Industry News
Aside from the $4.3 Billion settlement, the U.S. Department of Justice announced that six Volkswagen executives and employees were indicted for their role in the decade-long conspiracy to cheat U.S. emissions tests.
Tags: Diesel, emissions, Volkswagen, Volkswagen Scandal
December 21, 2016 - Industry News
Volkswagen has reached an agreement to settle claims relating to its 3.0L V-6 TDI engines, committing to buy back a quarter of those vehicles. The automaker will also set aside $225 million for emissions reduction, and pay $25 million to support the use of zero emission vehicles (ZEVs) in California.
Tags: Diesel, Settlement, Volkswagen
December 6, 2016 - Industry News
The industry sold 1.38 million new units in November, a 3.7% increase from a year ago, according to Autodata Corp. November's seasonally adjusted annual rate was 17.87 million, which was slightly lower than last November’s SAAR of 18.25 million.
Tags: Audi, BMW, Chrysler, Ford, GM, Honda, Hyundai, Mazda, Mercedes-Benz, Mitsubishi, Nissan, Novemer, Porsche, Toyota, Vehicle Sales, Volkswagen
October 25, 2016 - Industry News
Volkswagen will begin buying back its 2.0L diesel models following approval Tuesday of a $14.7 billion settlement by a federal judge. The automaker expects to complete the process by the middle of November, a spokeswoman said.
Tags: TDI, Volkswagen, Volkswagen Scandal
September 1, 2016 - Industry News
Volkswagen will begin offering its new models for lower prices and provide dealers with a broader product range in a move that could lower residual values if incentives remain high, according to an industry expert.
Tags: incentives, New Vehicle Prices, Volkswagen
August 11, 2016 - Industry News
The Federal Trade Commission said this week it has received reports that some dealers and private parties are attempting to take advantage of Volkswagen’s diesel emissions scandal.
Tags: Diesel, FTC, Settlement, Volkswagen, Volkswagen Scandal
July 20, 2016 - Industry News
Regulators in Maryland, Massachusetts and New York charge that the emissions scandal and alleged cover-up was orchestrated and approved 'at the highest levels of the company, up to and including former CEO Martin Winterkorn.'
Tags: compliance, emmissions, Volkswagen, Volkswagen Scandal
June 22, 2016 - Industry News
Kia ended the 27-year reign of premium brands by ranking highest among all nameplates in J.D. Power’s annual study. Overall, new-vehicle quality improved 6%, which was double last year’s 3% improvement.
Tags: General Motors, Hyundai, Initial Quality Study, J.D. Power, Kia, Toyota, Volkswagen
June 15, 2016 - Industry News
After asking 10,000 U.S. consumers about their dealership experience, the Temkin Group found that the two manufacturers with the highest customer experience ratings were Toyota and Mercedes-Benz, according to Edmunds.com.
Tags: Customer Experience, Edmunds.com, Toyota, Volkswagen
May 26, 2016 - Industry News
Toyota announced a partnership with ride-hailing giant Uber, while Volkswagen forged a pack with lesser-known but reportedly fast-growing Gett. While both OEMs sought out relationships with ride-hailing services, their approach to the partnerships will differ slightly.
Tags: Gett, Lease, Ride-Sharing, Toyota, Uber, Volkswagen
May 12, 2016 - Industry News
General Motors should gain market share by replacing 88% of its light-duty lineup by 2020, while Volkswagen and Korean automakers are relying too heavily on cars with consumer demand shifting toward SUVs and trucks, a Bank of America Merrill Lynch analyst has said.
Tags: Bank of America, Chevrolet, Fiat Chrysler, Ford, General Motors, Hyundai, Kia, Merrill Lynch, Nissan, Toyota, Volkswagen
April 21, 2016 - Industry News
Volkswagen has agreed to give buyers of the nearly 600,000 vehicles sold in the United States with the emissions cheating software the option of selling the cars back or getting them fixed, a judge announced April 21.
Tags: Diesel, Settlement, Volkswagen, Volkswagen Scandal
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