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LEGAL UPDATE: Sean Petersen, NIADA senior vice president of legal and governmental affairs, talks about recent legal issues affecting independent dealers.  One change in Nevada regulates the use of starter-interrupt and GPS devices.

Latest News

Hyundai Presents Cancer Research Grants

Tuesday, 12 September 2017 21:53

Hyundai Hope On Wheels will present Johns Hopkins Sidney Kimmel Cancer Center’s Division of Pediatric Oncology with awards totaling $400,000 for the Hyundai Scholar Hope and Young Investigator Grants. The grant funds will support the research of Dr. Kenneth Cooke and Dr. Brian Ladle, respectively.
Hyundai will present Dr. Brian Ladle, assistant professor of oncology and pediatrics at the Johns Hopkins Sidney Kimmel Cancer Center, with a 2017 Young Investigator Award for $150,000, to support his research on augmenting immunotherapy when combined with standard chemotherapy to treat osteosarcoma. Dr. Kenneth Cooke, director of the Johns Hopkins Kimmel Cancer Center's pediatric bone marrow transplantation program, will receive a 2017 Scholar Grant Award for $250,000, to support his research on improving outcomes after bone marrow transplants for children with cancer. 
This award is part of the organization's efforts during National Childhood Cancer Awareness Month. 

J.D. Power Names Best Seats

Tuesday, 12 September 2017 00:37

The J.D. Power 2017 Seat Quality and Satisfaction Study provides automotive manufacturers and suppliers with quality and satisfaction information related to seating systems.
New-vehicle owners are asked to rate the quality of their vehicle’s seats and seat belts with respect to whether they have experienced defects/malfunctions or design problems during the first 90 days of ownership.
The study presents seven segment awards based on the J.D. Power vehicle segment designations: mass market compact car; mass market compact SUV/MPV; mass market midsize/large car; mass market midsize/large SUV; mass market truck/van; luxury car; and luxury SUV.
For each segment, the award for Highest Quality Seats is based exclusively on the total seat problems per 100 (PP100) score (seat quality within segment). Awards are presented to the seating system supplier.
The 2017 Seat Quality and Satisfaction Study is based on responses from more than 77,000 purchasers and lessees of new 2017 model-year cars and light trucks registered in November-December 2016 and January-February 2017. The study was fielded from February through May.
Magna earned the most honors, leading the categories with seats for the Audi A3, Ford Escape and Ford Edge.

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Prime Shoppers Opt for Used

Thursday, 07 September 2017 16:11

Prime and super prime consumers are choosing used vehicles in record numbers, according to Experian.
That is due in part to monthly new vehicle payments reaching a second quarter record high of $504.
The firm’s second quarter study also found deep subprime financing fell to its lowest level since the second quarter of 2012.
The total finance market remains near record lows for all subprime.
Overall, auto loan balances reached 1.1 trillion in the second quarter.
Thirty-day delinquencies dropped year-over-year, but 60-day delinquencies grew slightly.

Prices Rise for Older Used Cars

Wednesday, 06 September 2017 16:35

The average transaction price for a used vehicle was $19,227 in the second quarter, up 2.1 percent from the second quarter of 2016 and a new second quarter record, according to Edmunds.
The price spike is hitting the lowest end of the market hardest because cars 6 years old and older are holding their value much better now than they used to.
Five years ago, a 10-year-old used vehicle retained an average 21.1 percent of its original MSRP, while in the second quarter of this year, it held 26.4 percent. At the same time, shoppers who have a bit more to spend and are looking for a newer used car may be able to find unexpected bargains. A glut of off-lease vehicles and rising incentives are putting pressure on the residual values of newer cars, causing them to depreciate more quickly.
Edmunds' analysts found that while a one-year-old used vehicle retained 76.6 percent of its value in the second quarter of 2012, this year that amount has dropped to just 70.9 percent. Car segments have been hit the hardest: one-year-old subcompact cars are worth 15 percent less than they were five years ago, midsize cars are worth 9.5 percent less, and large cars are worth 8 percent less.

ADESA Adds Dealer Services Exec

ADESA Adds Dealer Services Exec

ADESA has named Steve Dudash vice president of dealer services. In this role, Dudash will lead the company’s more than 300 dealer sales professionals nationwide...

Michelin Recalls Motorcycle Tires for Missing Info

Michelin Recalls Motorcycle Tires for Missing Info

Michelin North America Inc. is recalling 185 Pilot Power 3 replacement sport motorcycle tires, size 180/55ZR17 (73W), manufactured between April 17, 2016 and May 7, 2016. These tires are missing...

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