WASHINGTON, D.C. - An interesting development has occurred in the automotive field, with the prices of new cars continuing to climb – and, in contrast, the used market becoming more and more affordable – with the average price gap between new and used vehicles in the third quarter of 2024 exceeded $20,000 for the first time ever. The number of brand-new cars available … [Read more...] about In Q3 of 2024, Price Gap Between New, Used Cars Exceeds $20,000 for First Time
NHTSA Launches Safety Probe Into Nearly 2.5M Teslas Over Self-Driving Mode
WASHINGTON, DL.C. - Following fatalities and serious injuries connected to at least 13 vehicle accidents involving Tesla’s self-driving features identified by the National Highway Traffic Safety Administration (NHTSA) since June 2022, the federal agency’s Office of Defects Investigation (ODI) has launched a safety probe into the electric vehicle manufacturer that … [Read more...] about NHTSA Launches Safety Probe Into Nearly 2.5M Teslas Over Self-Driving Mode
Court Weighing NADA Challenge to FTC’S Combating Auto Retail Scams (CARS) Rule
WASHINGTON, D.C. - The 5th U.S. Circuit Court of Appeals is currently weighing the merits of a challenge brought against 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 – by the National Automobile … [Read more...] about Court Weighing NADA Challenge to FTC’S Combating Auto Retail Scams (CARS) Rule
Meta CEO Mark Zuckerberg Customizes World’s First Porsche Minivan as Gift for Wife
MENLO PARK, CA - Mark Zuckerberg, the founder of Facebook and CEO of its parent company, Meta, bestowed upon his wife, Priscilla Chan, a unique gift this week; upon being told by his spouse that the next car she wanted was a minivan, the social media tycoon and billionaire wasn’t satisfied in heading down to his local car lot and picking an existing model out for her. No, … [Read more...] about Meta CEO Mark Zuckerberg Customizes World’s First Porsche Minivan as Gift for Wife
Hurricane Helene Likely to Result in Water-Damaged Vehicles Flooding Market
WEST PALM BEACH, FL - Hurricane Helene, the strongest such storm to strike the Big Bend region of Florida and responsible for devastating parts of the Southeastern United States, has tragically resulted in over 100 deaths and millions upon millions of dollars in property damage. And among those losses are countless numbers of now water-damaged cars – one dealership in … [Read more...] about Hurricane Helene Likely to Result in Water-Damaged Vehicles Flooding Market