Dealer News

The Conference Board Consumer Confidence Index improved in May, following an increase in April. The Index now stands at 134.1, up from 129.2 in April. Consumers’ outlook for the labor…
New-vehicle retail sales are expected to fall in May from a year ago, according to a forecast developed jointly by J.D. Power and LMC Automotive. Retail sales are projected to…
The Wisconsin Department of Transportation (WisDOT) Division of Motor Vehicles recently revoked a used-car dealer’s license for failing to meet the state’s requirements for selling vehicles. The order, issued by…
Mobility Specialists Inc. is recalling four 2014-17 Ford E-150 and Transit vans modified to be equipped with Ricon S-Series and K-Series wheel chair lifts. The wheelchair lift positioning input cam…
The Tennessee Motor Vehicle Commission recently suspended the license of a used-car dealer for selling new cars without a license. The commission voted unanimously to suspend the used-car dealer license…
The auto finance default rate was unchanged in April. The S&P/Experian Consumer Credit Default Indices report auto finance defaults at 0.94 percent, the same as in March. The composite default…
Used-car results were significantly stronger than normal in April, according to J.D. Power Valuation Services. April marked the second consecutive month of used-car price increases. As a result, the J.D.…
Hyundai Capital America (HCA) and Flexdrive, a mobility subscription technology and services platform, have announced a partnership to support the development of alternatives to the traditional vehicle ownership model. The…
A federal jury convicted a Virginia man on charges of credit union fraud and aggravated identity theft in relation to an auto finance scheme. According to court records, Adante Leshaun…
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