Incentives, excess new-car inventory, put a drag on used vehicle values
An increase in new-car incentives and “channel stuffing” -- excess new-vehicle inventory on dealers' lots -- caused used-vehicle prices to tumble 1 percent in November, according to one closely watched used-vehicle price index released today.
'Mystery device' helps thieves steal cars with push-button ignitionsUPDATED: 12/7/16 2:19 pm ET - adds industry reaction
The National Insurance Crime Bureau today said it obtained and tested a so-called “mystery device” that can allow a thief to break into a vehicle without leaving behind any of the traditional pieces of evidence such as broken glass.
S. Korea to slap VW with record fine, pursue execs over emissions ads
Ford conducts additional tests on 2017 F-150 and Raptor 10-speed transmissionsUPDATED: 12/7/16 3:38 pm ET - adds detail
Ford's 2017 F-150 and Raptor trucks with a new 10-speed transmission began arriving on some dealer lots last month, but the automaker said it is holding some models for additional testing as part of its normal launch ramp-up.
AutoNation's about-face draws fire from 2 Senate Democrats
A duo of Senate Democrats who've introduced legislation aimed at preventing the sale of used vehicles with unrepaired safety recalls blasted AutoNation Inc.'s reversal of its 16-month ban on the sale of such vehicles at its dealerships.
Infiniti global sales on track for record year, chief says
Panasonic in final talks to buy headlight maker ZKW, report says
Panasonic is in the final stages of talks to buy Austrian automotive headlight maker ZKW Group for up to $1 billion, accelerating its push into the automotive electronics market, the Nikkei business daily reported today.
Penske to expand used-car stores
Penske Automotive Group has launched its own line of standalone used-car stores with the planned purchase of CarSense, which owns five used-only stores in the Philadelphia, Pittsburgh and southern New Jersey.