Used Car NewsUsed Car News

  • ABG -2.47 - -4.43%
  • AN -1.70 - -3.49%
  • CACC -5.24 - -2.94%
  • CAR -3.10 - -8.91%
  • CARZ -2.20 - -6.77%
  • CPRT -1.79 - -3.62%
  • CPSS -0.19 - -5.18%
  • CRMT -0.32 - -1.22%
  • DAI
  • F -0.88 - -6.57%
  • FIATY +0 - +0%
  • GM -1.47 - -4.93%
  • HMC -1.36 - -5.11%
  • HTZ -1.13 - -9.53%
  • KAR -0.63 - -1.54%
  • KMX -0.66 - -1.40%
  • LAD -2.58 - -3.50%
  • MZDAF +0.00 - +0.00%
  • NSANY -0.95 - -4.82%
  • PAG -3.83 - -10.35%
  • SAH -0.40 - -2.28%
  • TM -5.99 - -5.45%
  • TRAK +0.00 - +0.00%
  • TSLA -3.25 - -1.65%
  • TTM -2.90 - -7.88%
  • VLKAY -2.11 - -6.85%
  • VROM

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Sales Rise as Incentives Flatten

Incentive spending by automakers averaged an estimated $3,116 per vehicle in June, up 8.6 percent from a year ago, but down 0.9 percent from May 2016.

TrueCar Inc. projects total new vehicle sales, including fleet deliveries, will reach 1,556,844 units in June, up 5.4 percent from a year ago.

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Nissan Recalls Luxury Units

Nissan North America Inc. is recalling 28,182 model year 2014-2016 Infiniti Q50 vehicles manufactured Dec. 26, 2012, to December 11, 2015, and Infiniti Q50 Hybrid vehicles manufactured December 10, 2012, to December 17, 2015. The Direct Adaptive Steering system may experience an error at vehicle start up altering the vehicle's steering responsiveness and turning radius.

If the vehicle does not steer as the driver anticipates, there is an increased risk of a crash.

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Auction Veteran Passes Away

Auction veteran Gregg Kobel died June 24. He was 67.

Kobel spent more than four decades in the auto auction industry.

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DealerSocket Adds Payment Options

DealerSocket’s FEX DMS has added to independent dealers’ payment processing options by fully integrating with ProPay’s LenderPay platform, a leading credit processing platform for complete, end-to-end payment solutions that are simple, secure and affordable.

The automated solution features dealership bank settlement reconciliation all within DealerSocket, embedded within a platform that is compliant with Payment Card Industry Data Security Standards (PCI DSS). A one-click enrollment process means dealers can immediately start taking payments through ProPay.

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