Detroit 3 fall behind international automakers in U.S. vehicle production
International automakers produced more light vehicles in the U.S. than the Detroit 3 for the first time in 2023, according to a report from Autos Drive America and the American International Automobile Dealers Association released July 9....
F&I tip: Don’t forget interest when refunding a customer if mistake made during CDK outage
If a dealership inadvertently overcharged a customer during the CDK outage, 'it needs to be promptly refunded to the consumer,' says Hudson Cook law firm partner Jean Noonan....
Wholesale vehicle shipments turn south in June
Wholesale vehicle deliveries dipped 2.7 percent to 2.56 million in June, marking the first drop in monthly shipments since March, with weaker domestic demand offsetting higher exports....
F&I data: Credit unions edge out captives for Gen Z auto loans
Captive finance lenders were the most popular source of car loans for most generations — but not Generation Z, which was slightly more likely to borrow from a credit union during the first third of the year, according to Equifax data....
Hyundai pushed fake EV sales reporting scheme, Napleton lawsuit claims
Hyundai said it does not 'condone any intentional falsification of sales reporting data and [has] launched an immediate investigation.'...
CATL poised to remain in global ‘pole position’ on EV batteries despite U.S. tariffs
CATL is rapidly climbing the list of the world's largest suppliers as it pursues an aggressive global growth strategy....
Corvette museum exhibit marks sinkhole’s 10th anniversary
"Ground to Sky: The Sinkhole Reimagined" is an exhibit at the museum in Bowling Green, Ky., that runs through Sept. 15....
Fifth Third Bank settles CFPB forced auto loan insurance case for $5M
Fifth Third Bank has agreed to pay restitution to auto borrowers and a $5 million civil penalty to settle Consumer Financial Protection Bureau allegations it mishandled the "force-placed insurance" it applied to thousands of customer cars, the agency said....
Nissan shuffles U.S. sales and marketing leadership
Scott Shirley, vice president of marketing operations for Nissan U.S., will retire at the end of the year....
Impel buys retail tech company Outsell for $100 million
The goal is to build a bigger dealership software company focused on artificial intelligence-driven sales and marketing automation...