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ON THE WEB: Millennials Want Dodge Magnums Most of All
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NAAA Adds Remote Access to Convention
Dodge Magnum has a higher rate of Millennial buyers than any other vehicle on the usedcar market, according to a new analysis by Edmunds.com.
NHTSA Fines Triumph Motorcycles
The National Highway Traffic Safety Administration imposed a $2.9 million civil penalty against Triumph Motorcycles for violations of Safety Act reporting requirements and failure to fully respond to communications from NHTSA. Triumph must pay a $1.4 million cash penalty and must spend at least $500,000 meeting a series of safety requirements.
Off-Rental Prices Up Slightly, Remain Low
A straight average of auction prices for rental risk units bumped up from July’s low, but remained below 2013 and 2014 levels, according to Manheim. The average mileage on rental risk units fell to its lowest level since October.
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Photo by Jeffrey Kowalsky SEE YOU IN ORLANDO: Incoming NAAA President Mike Browning, left, and outgoing NAAA President Ellie Johnson visit Detroit in August.
Members of the National Auto Auction Association are gathering in Orlando Sept. 22-24 for the group’s annual meeting. But those who can’t attend this year can still gain knowledge from the event. A webinar at 2 p.m. on Sept. 24 will address the
“Top 100 Arbitration Questions Answered in 60 Minutes.” Industry arbitration expert Matt Arias, Manheim’s director of operational excellence, and Paul Lips, ADESA’s executive vice president of operations and finance, will headline the
event. NAAA CEO Frank Hackett will moderate. Those interested in the event can sign up now to view the webinar. This session also offers the opportunity to join in the question and answer portion with the live studio audience. Those who want to
submit questions can email them to Arias during the interactive program. Those who make the trip to Florida will get the chance to hear some nationally recognized speakers, including political consultants James Carville and Mary Matalin.
AutoNation Commits to Repair All Recalls Before Cars Sold The nation’s largest used-car retailer announced a policy to not sell, lease or wholesale any new or used vehicle that has an open safety recall. AutoNation Inc. announced that this policy will apply to each of its 293 new-car stores across the U.S. “There’s no way to expect that customers would or should know of every safety recall on every vehicle they might purchase, so we will ensure that our vehicles have all recalls completed,” said AutoNation CEO Mike Jackson. “We make it our responsibility as a retailer to identify those vehicles and remove them from the market until their safety issues have been addressed.”
Under the policy, all vehicles with open safety recalls are identified, physically pulled from inventory and “Not For Sale” hang tags and key tags will be placed on them. This move follows recent criticism of CarMax Inc. for selling vehicles with unrepaired recalls. AutoNation has the ability to fix these vehicles because it operates only franchise stores. “The current recall system is based on the manufacturer’s relationship with its dealers and registered vehicle owners, and not with independent used auto retailers, like CarMax,” said CarMax spokesperson Casey Werderman. CarMax does share recall information with its customers.
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