Recent News

Ford grapples with lack of new product in China

Ford said its sales in China fell 32 percent in July from a year earlier to 57,662 vehicles, as the automaker continued to suffer from a lack of fresh models in the world's largest auto market. ... Read More »

Aisin braces for full brunt of U.S. tariffs

Japanese auto supplier Aisin Seiki said it expected to take a hit of up to $360 million if the United States raises tariffs on autos and auto parts. ... Read More »

U.S.-built Mercedes models held up by China authorities

Mercedes SUVs and crossovers are being checked for potential problems by Shanghai customs authorities, as a trade dispute between the U.S. and China heats up. ... Read More »

Tesla board seeks details on Musk’s financing plan

Tesla's board has held multiple discussions about CEO Elon Musk's proposal to take the EV maker private but has not yet received a detailed financing plan and specific information on who will provide the funding, Reuters reported, citing people... ... Read More »

Dealership throughputs drop, but total census rises slightly

U.S. dealership new-vehicle throughput -- or the average number of vehicles a dealer sells per store per year -- is expected to fall for the third straight year in 2018, Urban Science said. ... Read More »

Canada sees return to NAFTA table as U.S., Mexico near auto deal

Mexico's economy minister said the country, after three weeks of renewed talks, is advancing toward a deal with the United States on new trade rules for the auto industry, which could pave the way for Canada to rejoin negotiations to revamp the... ... Read More »

Carvana’s growth story shows in Q2 results while red ink persists

Carvana continued to add new markets in the second quarter while more than doubling revenue and widening its net loss. ... Read More »

Equifax: Subprime Pullback Continued in Q1

ATLANTA — Auto finance sources continued to pull back from the high-risk credit tiers in the second quarter, with subprime originations and balances falling 4.5% and 3.5%, respectively, according to Equifax.The industry originated 7.96 million auto loans...

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Dealertrack: Vehicle Title Doubles Chances of Sale

NORTH HILLS, N.Y. — Proprietary research, reports, and surveys show vehicles holding a title are nearly two times more likely to sell off auction lots on first pass than vehicles without titles. To help both dealers and lenders take advantage of this trend,...

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New Vehicle Hack Threat Exposed

MOUNTAIN VIEW, Calif. — Connected device management and security provider Zingbox announced new research that shows how vulnerable a driver is to cybersecurity attacks on a car’s infotainment system, the embedded operating system powering the iPad-looking...

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