In the spring, insurance companies were happy to say they would be refunding some premiums due to the COVID-19 pandemic. And at first, things looked fine, with some issuing full-month or half-month refunds. But now that we’re closer to a new spring than the old one, the consumer-protection advocacy group …
Read More »Future Chevy Electric Pickup Seen during GM Video Conference
GM placed a previously unseen electric pickup behind chief EV officer Travis Hester during an investor video conference today. The Chevy-badged electric truck is likely to be one of the four new EVs from the automaker that GM says have had their development moved up. A four-door EV truck was …
Read More »Watch Koenigsegg’s Action Film Made by Employees during COVID-19 Slowdown
This content is imported from YouTube. You may be able to find the same content in another format, or you may be able to find more information, at their web site. Swedish hypercar specialist Koenigsegg figured, if you can’t do your actual jobs, why not pretend you’re doing someone else’s? …
Read More »Post-transaction F&I product sales gain traction during outbreak
Finance-and-insurance product opportunities after a vehicle sale are growing amid the coronavirus pandemic, according to a dealership consultant and marketing company that helps with these sales after the fact. Though this market has been growing for years, dealerships should consider these opportunities now more than ever. Some dealerships are working …
Read More »Credit unions, banks lose share during COVID-19 closures
When NBA legend Larry Bird would enter the league’s three-point shooting contest, he’d confidently ask: Who’s playing for second place? According to Experian, when it comes to new-vehicle auto originations right now, captive lenders are Bird and banks and credit unions are playing for second place. Efforts to slow the …
Read More »CDC Says Cars Are Better Than Mass Transit during COVID-19 Crisis
Icon SportswireGetty Images The Centers for Disease Control have a new publication, COVID-19 Employer Information for Office Buildings, that encourages private vehicle use over public transportation for workers. Employers should help pay for parking for people who drive in, the CDC says, or let workers stagger their hours so they …
Read More »States: Consumers must be able to return leased vehicles during outbreak
A group of state attorneys general, led by California’s Xavier Becerra, urged automakers Wednesday to curb “unlawful and predatory” practices regarding the timely return of off-lease vehicles to franchised dealerships during the COVID-19 pandemic. In a letter distributed Wednesday — which includes signatures from attorneys general in Connecticut, Iowa, Minnesota, …
Read More »Employment status among auto lending hurdles during COVID-19
The COVID-19 outbreak dealt a major blow to large auto lenders’ first-quarter earnings as banks deferred auto loan payments and shifted resources to shield themselves from future losses. As lenders tighten credit access to mitigate the fallout of the coronavirus pandemic on their auto portfolios, finance-and-insurance managers are working overtime …
Read More »IIHS reports that new Jeep Wrangler SUV rolled over on its side during driver-side crash
The IIHS reported Thursday that the new Jeep Wrangler, which was last comprehensively updated for the 2018 model year, tipped over onto its passenger side during its driver-side small overlap crash test. The insurance industry-funded safety watchdog said the Wrangler was tested three times, twice by the agency and once …
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