Recent News

J.D. Power: Initial Quality Study Shows Largest Improvement in Seven year

DETROIT — J.D. Power’s 2016 U.S. Initial Quality Study showed the largest improvement in seven years, with new-vehicle quality improving 6%. That’s more than double last year’s 3% improvement.Now it in its 30th year, the study examines problems...

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NADAUCG: May’s Used-Vehicle Price Index Rises for First Time This Year

TYSONS, Va. — Wholesale prices for cars eight years or older fell by 2% in May, according to June’s NADA Used Car Guide. The report stated that the price for used mainstream cars continued to fall at industry-high rates in May. However, it added that...

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Black Book: Depreciation Rates Showing Consistency

LAWRENCEVILLE, Ga. — Over the last four weeks, depreciation rates for both cars and trucks began to show some consistency, according to Black Book, with car depreciation having picked up since January. Having been a little more volatile, truck depreciation...

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New Mitsubishi Dealership Opening in South Florida

BONITA SPRINGS/NAPLES, Fla. — A new Mitsubishi dealership is coming to the Bonita Springs/ Naples area. Bonita Springs Mitsubishi, owned by retail veterans Bill Doraty and Jeff Johnson, is scheduled to open Monday, June 27.“We are excited about our...

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Mobile Advertising Network InMobi Settles FTC Charges It Tracked Hundreds of Millions of Consumers’ Locations Without Permission

Company Will Pay $950,000 For Tracking Children Without Parental Consent Singapore-based mobile advertising company InMobi will pay $950,000 in civil penalties and implement a comprehensive privacy program to settle Federal Trade Commission charges it deceptively...

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FTC Returns More Than $6 Million to Consumers Who Bought Infomercial Marketer Kevin Trudeau’s Weight-Loss Book

The Federal Trade Commission is mailing checks totaling approximately $6.3 million to consumers who bought Kevin Trudeau’s book, “The Weight Loss Cure ‘They’ Don’t Want You to Know About.” In 2009, a federal judge ordered Trudeau to repay millions...

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Nissan reviews Mitsubishi fuel economy claims as due diligence continues

Nissan is looking into whether Mitsubishi Motors may have faked fuel economy figures outside of Japan as part of Nissan's due diligence review of the company before finalizing its plan to buy a 34 percent stake for 237 billion yen ($2.28 billion). ... Read More »

Tesla dangles up to $2.8 billion in stock to buy solar panel maker SolarCity

Tesla offered to acquire solar panel maker SolarCity in an all-stock deal worth as much as $2.8 billion as the EV maker looks to get into the market for sustainable energy for homes and businesses. ... Read More »

Faraday cleared to test self-driving cars on California roads

Faraday Future plans to begin testing prototype self-driving electric vehicles on California roads later this year after winning approval from the state. ... Read More »

Making the Final Round

A communications person recently emailed me about our annual F&I Dealer of the Year contest. He wanted to know what the magazine team looks for when making our selections. With the deadline to nominate a dealership quickly approaching (July 9), I thought I’d...

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