Archive | Auto Industry News

Michigan Leads Nation in Repair Affordability

IRVINE, Calif. — For the third consecutive year, Michigan is the U.S. state with the lowest average check engine light repair cost ($333.26), according to automotive diagnostic industry leader CarMD.com, which analyzed data from more than 10.7 million vehicles needing repairs in 2017 to verify this statistic. Rounding out the five most affordable states for … Read More »

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Equifax: Pre-Approvals, Credit Checks Drive Sales

ATLANTA — Pre-approvals and credit checks remain a critical component of the automotive shopping process, according to a new report from Equifax Inc. The global information solutions company unveiled additional analysis in its ongoing study of consumer credit and shopping trends. The goal is to better understand the current landscape of how credit is used … Read More »

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J.D. Power: New-Vehicle Initial Quality Improves Again

COSTA MESA, Calif. — New-vehicle quality improved for the fourth consecutive year, rising 4% from 2017 to the best level ever recorded, according to  J.D. Power’s 2018 U.S. Initial Quality Study (IQS). Initial quality is measured by the number of problems experienced per 100 vehicles (PP100) during the first 90 days of ownership, with a … Read More »

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Continental Reports 25% Time Savings Using Over the Edge’s Administration System

WESTERVILLE, Ohio — Continental Warranty reported today that Over the Edge’s administration system and rating engine, TecAssured, has cut the time required to administer F&I and aftermarket product contracts by 25%. Prior to implementing TecAssured, the F&I product provider said it could take 30 to 45 days to receive sold contract from its dealers. Today, those … Read More »

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Kennedy to Lead PointPredictive’s AI Scoring Team

SAN DIEGO — PointPredictive announced today that Mike Kennedy has joined the company as vice president of analytics to spearhead the growing team of data scientists in its San Diego offices. Kennedy has more than 20 years of machine learning experience across credit card, retail banking, small business, and auto lending with a focus on … Read More »

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New NY AG Settles With Queens Dealer Group

QUEENS, N.Y. — New York Attorney General Barbara D. Underwood announced on June 15 a settlement resolving an investigation of Nemet Hyundai, Nemet Kia, Nemet Nissan, and Nemet Motors, a family of auto dealers located in Queens. Previously occupied by Eric T. Schneiderman, the attorney general’s office opened an investigation of the dealerships after receiving … Read More »

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