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A dealer who acquired clean titles for flood-damaged cars he bought at auction faces up to three years in prison. He must also reimburse the customers who purchased the seven vehicles.
Read More →The operator of D&D Auto Sales, two employees and a state Motor Vehicle Commission technician were charged with acquiring fraudulent “clean” titles for eight flood-damaged vehicles and selling seven of them to customers.
Read More →The year-over-year drops in wholesale prices in February, March and April continued in May, with wholesale prices dropping 2.8 percent vs. April and 4.5 percent from a year ago.
Read More →ADESA Analytical Services reported this week that wholesale used-vehicle prices could resume the general softening pattern that began around mid-2012 and before Superstorm Sandy.
Read More →In its monthly report, ADESA Analytical Services found that wholesale used-car prices are declining once again after an uptick following Hurricane Sandy. The decline originally began this past spring.
Read More →The NADA pledges $1 million to the National Automobile Dealers Charitable Foundation, and encourages other dealers to do the same.
Read More →Based on analysis and data from two automotive research and shopping websites, the impact of Superstorm Sandy on the automotive market may be less than previously believed.
Read More →Ally Financial is working with East Coast customers affected by the storm, allowing them to defer payments for 90 days.
Read More →Penske Automotive Group estimates the business impact from superstorm Sandy to be hefty, with the dealer group saying that 36 of its stores along the East Coast were impacted and lost about three to four days of business.
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