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The last of the September recalls are hitting the CDG Recall Tracker. Check them out.
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Rogue stays atop list of most sold at Manheim
The 2023 Nissan Rogue continues to be the top vehicle sold in the Manheim auction lanes.
Driving the news: During the Q3 Manheim Used Vehicle Index report, the top five vehicles sold in the lane were unveiled.
The 3-year-old Nissan Rogue stayed atop the rankings for a second straight quarter.
Cox Automotive Chief Economist Jeremy Robb told CDG News the high lease return of the vehicle kept it atop the list.
The Rogue depreciated at a rate of 1.7% per month in the past year.
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FTC announces settlement with dealer group warned in March
The Federal Trade Commission announced it has reached a compliance agreement with one of the 97 car dealers that received a warning letter in March.
Driving the news: The FTC Thursday announced it reached an agreement with Greenway Auto Group in Orlando and four of its Kia dealerships and one Hyundai dealership, on an order filed in the U.S. District Court for the Middle District of Florida.
Greenway agreed to follow the FTC’s requirements for price transparency by disclosing the total price of any vehicle “clearly and conspicuously” as the most prominent item on any “visual” disclosure or ad.
Fuel-efficient vehicles averaging 40 mpgs grow nearly 10% in price across wholesale market
The impact of gas prices and the demand for more fuel-efficient vehicles is hitting the wholesale market, with vehicles averaging less than 34 miles per gallon dropping in price.
Driving the news: In the Q3 Manheim Used Vehicle Index Report, Jonathan Gregory, Senior Director of Economic and Industry Insights, shared the breakdown of vehicle pricing on the wholesale market based on miles per gallon.
The most fuel-efficient vehicles, which average more than 40 miles per gallon and are almost exclusively hybrids, have seen a 9.9% increase in price since January.
Vehicles in the range of 35 to 39 mpg saw a jump of 3.7% in price.
Every vehicle below 30 mpg dropped in price, with a 25% spread in nine months between the most fuel-efficient and the least, Gregory noted.
Stellantis launches new Mopar marketing campaign to drive dealer service traffic, customer retention
Google may drop Android Auto Support for millions of phones, raising vehicle compatibility concerns
