ATLANTA, GA - According to new reports, the first half of June saw prices of wholesale used vehicles decrease from the month before – and to more significant degrees than usual – potentially representing a degree of stability returning to the market after an extended period of time where prices ran rampant due to high auto loan interest rates combined with an overall … [Read more...] about First Half of June Sees Prices of Wholesale Used Vehicles Drop More Than Usual
Tesla Modifiers Converting Cybertrucks into Police Fleet Vehicles Amid Demand
UP.FIT, a vehicle customization company specializing in converting Tesla electric vehicles (EVs) into next generation police and fleet vehicles, has announced – due to popular demand, they have plans to begin upgrading Cybertrucks into law enforcement cruisers, with the result looking like something that Robocop would use to patrol the streets of Old Detroit for criminal … [Read more...] about Tesla Modifiers Converting Cybertrucks into Police Fleet Vehicles Amid Demand
Toyota Halts Production of Three Models After Caught Cheating on Certification Tests
PLANO, TX - Following a Japanese government investigation that began in January, Toyota Chairman Akio Toyoda issued an apology on Monday after it was revealed his company had engaged in widespread cheating on safety certification tests on seven of their vehicle models, and that production on three of them would be suspended going forward as a result. Among the … [Read more...] about Toyota Halts Production of Three Models After Caught Cheating on Certification Tests
South Florida Tag Agency Clerk Arrested in $3.3 Million Title Fraud Scheme
MIAMI, FL - A title clerk at a Miami auto tag agency has been arrested for her involvement in a multi-million dollar title fraud scheme. Katherine M. Vera Moran, 27, was apprehended by Doral police on charges of forging titles and tax documents for stolen luxury vehicles, leading to significant financial losses. The investigation into the fraudulent activities began in … [Read more...] about South Florida Tag Agency Clerk Arrested in $3.3 Million Title Fraud Scheme
FTC Pauses Rollout of “CARS Rule” Amid Legal Challenge from NADA Dealer Group
WASHINGTON, D.C. - The official launch of the Federal Trade Commission’s (FTC) Combating Auto Retail Scams (CARS) Rule – which would make it illegal for a dealer to make misrepresentations about certain topics that would affect a consumer’s buying or leasing choices – has been paused by the agency amid a legal challenge brought by two industry … [Read more...] about FTC Pauses Rollout of “CARS Rule” Amid Legal Challenge from NADA Dealer Group