A closer look at the Consumer Financial Protection Bureau’s latest enforcement action. Federal Agencies Intensify Scrutiny on the Auto Industry USASF CFPB Fine 2025. The Consumer Financial Protection Bureau (CFPB) concluded its case against USASF, an auto-loan servicer, with a significant ruling in the U.S. District Court for the Northern District of Georgia. The […]
USASF CFPB Fine 2025 Read More »
Examining the factors behind the latest sales decline and what it means for the company’s future. Overall Sales Decline in 2024 FCA Drop in Sales. FCA US (Fiat Chrysler Automobiles) reported sales of 320,743 vehicles in the fourth quarter and 1,303,570 vehicles for the full 2024 calendar year. Overall, total U.S. sales declined 7% in
Exploring the challenges and opportunities shaping success in the year ahead. A Challenging Year for Retail and BHPH Dealers 2025 Thrive or Survive. If 2024 is any indication, 2025 will be another year of navigating challenges for independent used vehicle dealers. While opportunities exist to thrive, survival mode may dominate for most industries. Lessons
2025 Thrive or Survive Read More »
Upgraded AI-Powered Web Platform Revolutionizes Customer Interactions and Streamlines Dealer Operations Web-Based Revolution DealerXT. In a groundbreaking announcement, SafeDealsAI by DealerXT has revealed plans to discontinue the Blue Tablet, marking a significant shift towards their innovative web-based platform. This transition underscores their commitment to providing innovative solutions for dealers and customers alike, with faster
Web-Based Revolution DealerXT Read More »
How Solid-State Technology Is Set to Transform Electric Vehicles Advancing EV Technology Honda Revolutionizes EV Batteries. Honda is taking a major leap in electric vehicle (EV) development with its innovative solid-state batteries. These next-generation batteries promise to redefine EV performance, offering improved safety, cost efficiency, and longer lifespan. Production Begins in 2025 Solid-state battery production
Honda Revolutionizes EV Batteries Read More »
Discover the Affected Models and Essential Next Steps GM Recall Alert: Over 460,000 Vehicles Impacted by Transmission Issue GM Announces Major Recall. General Motors is issuing a major recall for specific models equipped with diesel engines. The impacted vehicles include: 2020-2022 Chevrolet Silverado 1500, 2500, 3500 2020-2022 GMC Sierra 1500, 2500, 3500 2021 Cadillac Escalade, Escalade
GM Announces Major Recall Read More »
Rising Demand Drives Growth in Used Vehicle Transactions for CarMax Used Vehicle Sales Grow 2.9% CarMax Sales Increase. CarMax reported that combined retail and wholesale used vehicle unit sales reached 352,478 in the second quarter ending August 31, marking a 2.9% increase compared to last year. Retail Sales Surge by 5.1% Total retail used
CarMax Sales Increase Read More »
Rising Stock Levels Offer Buyers More Options Amid Market Changes Sales Drop 1.8% from 2023 on Adjusted Basis New Car Inventory Growth. According to a joint forecast from https://www.jdpower.com/ and GlobalData, total new-vehicle sales for September 2024, including retail and non-retail transactions, are projected to reach 1,164,900. This marks a 1.8% decrease compared to
New Car Inventory Growth Read More »
Odometer Fraud Allegations Spark Legal Action Against Car Dealer Allegations of Illegal Odometer Rollbacks State Attorney General Lawsuit. Indiana Attorney General Todd Rokita has filed a lawsuit against an Indianapolis-based dealership, accusing it of fraudulently rolling back odometers on numerous vehicles. Consumers believed they were purchasing low-mileage cars, only to discover the vehicles had
State Attorney General Lawsuit Read More »
Analyzing the Surge in Financial Losses Due to Fraud and Its Implications Experian’s 2024 U.S. Identity and Fraud Report highlights the increasing threats of generative AI, deepfakes, and cybercrime. These emerging threats are intensifying pressures on businesses, including dealerships. The report provides valuable insights into these evolving fraud trends and shifting consumer expectations. Impact
Fraud Losses Rising Report Read More »
Copyright © 2024 DealerXT | All Rights Reserved