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Select Insurers Extend Customer Refunds for Insurance Policies Through June
As Americans continue to drive significantly less through the coronavirus pandemic, select insurers are extending discounts for auto policyholders through June, while other insurers are promising future rate cuts without addressing near term overcharges faced by existing customers.
Tesla and Other EVs are Becoming More Attractive to Buyers Despite Pandemic
Tesla’s recent price reduction of three of its vehicles will likely encourage consumers to consider an electric car for their next automotive purchase.
U.S. House of Representatives Passes Bill to Give Companies More Flexibility on Use of PPP Loans
The U.S. House of Representatives passed a bipartisan bill to provide companies more flexibility on the use of funds from the U.S. Small Business Administration’s (SBA) Paycheck Protection Program (PPP.)
SEMA Announces Board Election Results
Ted Wentz III, CEO of Quadratec Inc., has been elected to the 2020–21 SEMA Board of Directors in the distributor/retailer category.
Ford Oakville Assembly Resumes Production
On May 25, Ford Motor Company of Canada brought workers back to Oakville Assembly, relaunching vehicle production in the country.
Trouble in Toronto: Tow-Trucking Turf War
Canadian police have brought more than 200 criminal charges against employees at several tow truck companies allegedly locked in a deadly war across the Greater Toronto area.
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How Hertz’s Forced Fleet Sale Could Affect the Used Car Market
The sub headline under the Hertz bankruptcy is “Hertz fire sale will flood the used car market and depress prices.”
Advantage Rent A Car Files for Chapter 11 Bankruptcy
The parent company of Advantage Rent A Car, Advantage Opco LLC, filed for Chapter 11 bankruptcy May 26.
Tesla Lowers Model S, Model 3, Model X Pricing on Eve of Coming Battery Milestones
Tesla has implemented a series of price adjustments for the Model S, Model 3 and Model X.
NADA, AIADA Among Groups Seeking Liability Protection from ‘Needless Lawsuits’
The National Automobile Dealers Association, the American International Automobile Dealers Association and the Auto Care Association were among the more than 200 diverse trade associations and other groups calling for Congress to provide temporary and targeted liability relief legislation through an initiative pushed by the U.S. Chamber of Commerce.