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UPDATE 1-GM, two dealerships settle FTC charges on unrepaired used cars

2016-01-29 01:12:53| Auto Dealers - Topix.net

General Motors Co and two dealership companies, Jim Koons Management and Lithia Motors Inc, will settle allegations they advertised that they sold carefully inspected cars that in fact had unrepaired safety recalls, the Federal Trade Commission said on Thursday. The FTC's allegations were that GM said its "certified pre-owned vehicles" had a 172-point inspection but failed to disclose that no one had repaired such critical issues as an ignition switch defect that can affect engine power, steering, braking and airbag deployment.

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January New Vehicles Sales Should be Flat and Used Vehicles Down

2016-01-27 23:34:26| AutomotiveDigest.com - Automotive Industry News

Eric Lyman VP of Industry Insights TrueCar TrueCar predicts that total new U.S. vehicle sales, including fleet deliveries, will be nearly flat from a year ago, with a 0.3% decline. Even with Winter Storm Jonas bringing heavy snow storms, and accounting for two fewer selling days than a year ago, the seasonally adjusted annualized rate […] The Article January New Vehicles Sales Should be Flat and Used Vehicles Down appeared first on Automotive Digest.

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We tested out the new free WiFi hotspots in New York City that used to be old payphones

2016-01-20 00:42:37| Wireless - Topix.net

LinkNYC, the program that plans to convert old New York City payphones into Wi-Fi hotspots with handy USB charging ports, made its official debut today. The so-called "Links" will eventually be available at 7,500 old payphones, but the retrofitted terminals are initially rolling out in beta testing across a few city blocks in Manhattan.

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Whats Expected for 2016 New and Used Car Sales

2016-01-07 02:32:42| AutomotiveDigest.com - Automotive Industry News

Are new vehicle sales in the U.S. expected to increase even higher in 2016? And what impact might this have on used vehicle values? Heres what coverage in The Wall Street Journal has to say about it. New vehicle sales likely reached their highest level ever at about 17.5 million vehicles in the U.S. and […] The Article Whats Expected for 2016 New and Used Car Sales appeared first on Automotive Digest.

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NADA UCG Study Explores Role of Leasing in New and Used Vehicle Sales

2015-12-17 06:59:55| AutomotiveDigest.com - Automotive Industry News

Jonathan Banks Executive Automotive Analyst NADA Used Car Guide Lease penetration has grown substantially from 25.7% in 2014 and up nearly 2 percentage points more so far this year to 27.8%, on pace to top 1997s all-time high of 27.4%. A drastically reduced supply of used vehicles from strong demand and a drop in […] The Article NADA UCG Study Explores Role of Leasing in New and Used Vehicle Sales appeared first on Automotive Digest.

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