Automotive News

Retail

Jan 23, 2020
Michigan ruled that sale contracts Tesla signs with Michigan consumers will have to indicate that the transaction took place elsewhere. But customers won’t actually have to leave the state to complete the contracts. Michigan dealers are reviewing the settlement.
Jan 23, 2020
A Cox Automotive study of 2,000 people found "trailblazer" consumers, who are most likely to embrace new technology and services, will be the new mainstream consumer by mid-decade.
Jan 22, 2020
The settlement says Tesla may "operate under existing Michigan law; sell cars to Michigan customers as long as the sales contract indicates the sale took place in a state other than Michigan; and, indirectly own service and repair facilities in Michigan through a subsidiary."
Jan 22, 2020
The restraining order will be in place until a preliminary injunction hearing is held Feb. 11 before a judge in Delaware.
Jan 22, 2020
November and December saw record-high delinquency rates on subprime auto loans and may signal even more consumers will fall behind on payments in January and February. To compensate, lenders may restrict credit access further for subprime borrowers in 2020, Cox Automotive said.
Jan 21, 2020
The Center for Auto Safety said that before its federal lawsuit, the service bulletins were often hard for the public to locate and the DOT wasn't "consistently" posting them on the Internet. The center agreed to drop its case last month once the DOT posted thousands of the service...
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