Recent News

Tesla stock bounces back 10% after Musk disputes WSJ on Twitter

Tesla CEO Elon Musk tweeted that sales of the electric Model S rose 65 percent in North America last month and reached a 'record high' worldwide. ... Read More »

On Twitter, 140 characters = $716 million in car sales

It's a burning question for auto marketers on Twitter: Are our tweets influencing people to buy cars? To tackle this question, the social network released new data today that attempts to show just how much 140 characters are worth. ... Read More »

Benoit Honored With Auto Finance Excellence Award

HANOVER, Md. — Michael Benoit, senior partner in Hudson Cook LLP’s automotive finance group, has been honored with a 2014 Auto Finance Excellence Award, which recognizes achievement and contribution to the automotive finance industry. The award was...

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AutoNation halts sales of used cars under Takata recalls

AutoNation has stopped selling used vehicles that are subject to the Takata airbag recalls and warnings. The action affects fewer than 400 cars, AutoNation said today. ... Read More »

Dealer Arrested For Forgery, Fraud

MILLEDGEVILLE, Ga. — Police arrested a dealer after an investigation revealed fraud and forgery in association with the sale of vehicles at Kent Auto/Kent Motors. He was charged with 18 felony charges and 9 misdemeanors, 13wmaz.com reports.Police received...

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Crisorio Named Compliance Summit Keynote Speaker

HOLLYWOOD, Fla. — Organizers of the first-ever Compliance Summit have announced that Randy Crisorio, president and CEO of United Development Systems Inc., will deliver the event’s opening keynote address, titled “Dealer Beware.” He...

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Industry Could Realize Best October Since 2004, Say Analysts

IRVINE, Calif. — The October retail sales forecasts from J.D. Power and Kelly Blue Book are in, and they are predicting a solid sales month in what is traditionally the second weakest month of the year for car sales. More than 1.1 million cars...

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Honda says quarterly North American operating profit drops 14%

Falling sales and hefty incentives undercut North American profit at Honda in the latest quarter, as the automaker trimmed its full-year sales and profit outlooks. ... Read More »

Takata knew of airbag defects as early as 2001, lawsuits allege

Takata knew at least as early as 2001 of manufacturing defects that could lead its airbags to explode, U.S. drivers claimed in lawsuits. ... Read More »

AutoNation Q3 net income rises 15% to $106.5 million

Improvements in all segments of the business drove AutoNation's net profits up 15 percent to $106.5 million during the third quarter. ... Read More »