Car shoppers report increased transparency while buying a car

PLANO, Texas, Dec. 10, 2020 /PRNewswire/ -- The latest Capital One Auto Navigator Survey reveals a significant jump in how transparent the car buying process has become for shoppers over the past two years. 40% of respondents to the 2020 survey reported it was transparent, compared to only 14%1 in 2018. Additionally, 77% of this year's survey respondents reported they will research financing options and pre-qualification online more than before as a result of COVID-19.

"We believe that technology can make buying a car simple and enjoyable for consumers, and we're excited to see an increase in the number of car buyers who view it as transparent. To me, that signals how digital tools can help shoppers feel more prepared and confident before buying a vehicle," said Jeffrey Rabinowitz, senior vice president consumer auto, Capital One Auto Finance. "We built Auto Navigator to empower customers with their real rate and payment, all without affecting their credit score, and …

Read more
  • 0

DAILY DRIVE PODCAST: December 16, 2020 | ‘A lot of silver linings’: Galpin Motors’ positive spin on the pandemic

Join Automotive News Publisher Jason Stein for a daily podcast series about the coronavirus crisis. He’ll speak with industry experts, insiders and Automotive News reporters about how the virus is impacting and reshaping the automotive industry.

Galpin Motors President Beau Boeckmann says business has stayed strong at the Los Angeles-area dealership group despite lower sales volume, fewer customers in showrooms and a second wave of shutdowns in California.

How do I subscribe?

Can't wait to hear the next episode of "Daily Drive"? Subscribe through a podcast app to receive episodes days in advance. If you don't have a podcast app already, here are some options. 

iPhone / iPad

“Daily Drive” is available on the iTunes Store and through the ‘Podcast’ app pre-installed on all iOS devices. Click here to subscribe to "Daily Drive"

Android

“Daily Drive” is available on the Google Play store. Click here to su…

Read more
  • 0

Judge weighs decision to transfer Brockman tax fraud case to Texas

A federal judge is weighing a request to move the tax fraud case against former Reynolds and Reynolds Co. CEO Bob Brockman closer to his home in Houston.

Attorneys for Brockman, who until last month was chairman and CEO of the Dayton, Ohio, dealership management system provider, expanded on arguments they made in earlier court filings during a hearing Tuesday — namely, that government prosecutors have not alleged that Brockman personally committed any criminal acts in the Northern District of California, where the indictment against Brockman was filed, and the judge should give weight to Brockman's age and failing health when making a decision.

Prosecutors oppose transferring the case to U.S. District Court for the Southern District of Texas, where Brockman's lawyers want it to be tried, and say California is the correct venue for all of the charges filed against Brockman.

U.S. District Judge William Alsup did not rule on the change-of-venue request duri…

Read more
  • 0

Honda recalls 1.4 million vehicles

WASHINGTON -- Honda Motor Co. said Tuesday it is recalling 1.4 million vehicles in the U.S. under four separate campaigns, including some linked to reported fires.

The Japanese automaker said one recall covers 268,000 2002-06 model year CR-V crossovers to replace power window master switches. Honda said there had been no reported injuries, but 16 fires reported related to the issue.

Honda conducted a prior recall of the power window master switches in 2012. The new recall is in response to moisture-related failures of switches repaired under the previous action.

Honda is also recalling about 735,000 2018-20 Accord and 2019-20 Insight vehicles to update the body control module software. A programming flaw could disrupt communication causing illumination of several warning lights and malfunction of electronic components, it said.

Honda is also issuing two recalls covering 430,000 Acura and Honda vehicles in 22 U.S. states to inspect and potentially …

Read more
  • 0

Pennsylvania dealer Jack Thompson dies of COVID-19 at 89

Jack Thompson, dealer principal of Thompson Organization, a four-store dealership group in Doylestown, Pa., died Dec. 8 of COVID-19. He was 89.

A love for cars inspired Thompson to fulfill a dream of owning an automotive franchise.

He opened his first store — one of the initial Toyota dealerships in the U.S. — in 1969. He also had a passion for racing, which pushed him to acquire a BMW franchise in 1981.

In 1989, he added Toyota's luxury Lexus brand. The dealership group now owns and operates Thompson Lexus Doylestown and Thompson Lexus Willow Grove.

Throughout his 50-year career as a dealer, he acquired numerous franchises. In addition to the Lexus stores, the group now consists of Thompson Toyota and Thompson BMW. Thompson Collision Center and Thompson Detail Center also operate under the organization.

"He was passionate about this dealership and his employees and his customers," his daughter Laura Bar…

Read more
  • 0

Consumer Financial Protection Bureau releases report on implementing the Dodd-Frank Act’s small business lending data collection requirement

FOR IMMEDIATE RELEASE:

December 15, 2020

WASHINGTON, D.C. – The Consumer Financial Protection Bureau (Bureau) released a panel report today as part of its rulemaking process under Dodd-Frank Act Section 1071 governing the collection and reporting of small business lending data.

A panel was convened pursuant to the Small Business Regulatory Enforcement Fairness Act, comprised of representatives of the Bureau, the Office of Advocacy of the Small Business Administration, and the Office of Management and Budget.

The panel consulted with representatives of small entities likely to be affected directly by a Section 1071 regulation, referred to as small entity representatives or SERs.  The SERs provided feedback on the Bureau’s proposals under consideration for Section 1071 and the potential economic impacts of complying with those proposals. The panel and SERs also discussed regulatory alternatives to minimize potential impacts.

In their feed…

Read more
  • 0

Jerry Sloan, former chief of Ford PR, dies at 84

Jerry Sloan, who was Ford Motor Co,'s executive director of public affairs before becoming a professor at his alma mater, died Thursday, his 84th birthday.

Sloan began his public relations career at Ford in 1960 as editor of the employee publication at a Cleveland stamping plant. He rose to become director of corporate information in 1980 and joined American Motors Corp. three years later. He was AMC's vice president of public relations before returning to Ford in 1987, after AMC was bought by Chrysler Corp.

Jim Trainor, director of communications at Hyundai Motor America, worked under Sloan at Ford in the late 1980s.

"He was special," Trainor told Automotive News. "You wanted to be like him, and you wanted to work like him."

Trainor remembers Sloan's sense of humor and outsize personality. But Sloan was also tough and expected the best, Trainor said.

Sloan was instrumental in starting a master's degree program in communications for Ford PR…

Read more
  • 0

Gatik, Walmart to expand autonomous vehicle delivery pilot

Self-driving truck company Gatik and Walmart announced Tuesday that their autonomous vehicle pilot in Bentonville, Ark., is going driverless.

Last year, the companies began moving orders on a 2-mile route between a dark store, one that is not open to the public, and a neighborhood market, Walmart's name for its smaller-footprint locations. The autonomous vehicles successfully completed more than 70,000 miles on that route.

The expansion of the pilot, coming in 2021, will include the elimination of safety drivers on the Arkansas route and the start of a second, longer route in Louisiana with autonomous deliveries to a Walmart pickup point, a place where customers can receive goods they have ordered.

"This achievement marks an historic technological and regulatory milestone for the industry, signifying the first ever driverless operation carried out for the supply chain's middle mile — with the safety of all road users firmly entrenched at the heart of our…

Read more
  • 0

Biden taps Buttigieg for transportation; reports say Granholm to run energy

President-elect Joe Biden announced Pete Buttigieg on Tuesday as his nominee to lead the U.S. Transportation Department, making him the first of Biden's Democratic rivals for the presidency to land a role in his Cabinet.

Biden also is expected to choose former Michigan Gov. Jennifer Granholm as secretary of energy in his administration, according to two people familiar with the decision.

Buttigieg, 38, the former mayor of South Bend, Indiana, who has never held federal office, would be the first LGBTQ person nominated to Biden's administration and, if confirmed, the first LGBTQ Cabinet secretary to be approved by the U.S. Senate.

Granholm, 61, was Michigan's first female governor, serving two terms in the battleground state, from 2003 to 2011. She worked with Biden, who was vice president under former President Barack Obama, on the 2009 bailout of automobile manufacturers General Motors and Chrysler .

A spokesman for Biden's transition team did …

Read more
  • 0

Mobileye looks to build its own lidar to drive down AV costs

The CEO of Intel Corp-owned Mobileye on Tuesday laid out plans for a self-driving car system for 2025 that could use house-built lidar sensors rather than units from Luminar Technologies Inc.

Luminar shares closed down 17.6 percent after Reuters reported the move. In November, Mobileye signed a supply agreement with Luminar to use its lidar units in the first generation of Mobileye's driverless vehicle fleet.

Luminar told Reuters that there has been no change to that agreement and that Luminar has also supplied lidar units for Mobileye development vehicles for nearly two years. Luminar said its units, which are only one part of Mobileye's broader self-driving system costs, are priced at less than $1,000 and exceed Mobileye's cost and performance requirements.

Amnon Shashua, CEO of Mobileye and an Intel senior vice president, told Reuters that Mobileye's first generation of full self-driving kits -- which will include Luminar's lidar units along with a ra…

Read more
  • 0

2021 Ford Mustang Mach-E: Nearly 5,000 pounds of fun, confidence and serenity

Joining the Ford lineup is one of the biggest product launches of the year: the 2021 Mustang Mach-E. The electric crossover, with deliveries set for December, launches with a First Edition trim. Additional trims, with various power setups and drivetrain layouts and ranges, will follow in 2021. The Mach-E's Mustang DNA is obvious, with not-so-subtle design elements including a pony logo on the front and tribar taillights that blink sequentially. We've collected and highlighted some early Mach-E reviews from the automotive media.

"The drive experience is exceptional. Ford decided late in the game to put the subframes intended just for the GT models into all the Mach-E's, giving them much more latitude while tuning the suspension, and dialing in a rear-drive bias that performance car enthusiasts crave. When unleashing the torque, it feels confident and manageable, with those brief white-knuckle moments to keep things lively and interesting for drivers capable…

Read more
  • 0

Tougher criteria for headlights prod automakers to adapt, IIHS says

Efforts by the Insurance Institute for Highway Safety to strengthen criteria to receive its top safety awards have led automakers to improve the headlights on some 2021 vehicles, the group said Tuesday.

So far, automakers have improved the ratings on 10 models for 2021 by "eliminating or changing poor or marginal headlight packages," according to new evaluations by IIHS.

The insurer-funded group, which introduced headlight evaluations as part of its crash tests in 2016, said the 10 models also boosted their ratings to Top Safety Pick+ from Top Safety Pick. Vehicles must have "good" or "acceptable" headlights as standard equipment to qualify for the 2021 Top Safety Pick+ award. Headlights rated "good" or "acceptable" can be optional equipment for the Top Safety Pick award.

The vehicles with the improved headlight ratings are the Audi A7 large sedan, Honda Accord midsize sedan, Hyundai Palisade large crossover, Mazda CX-30 subcompact …

Read more
  • 0