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Daily Dealer Newsletter Highlights
FTC Releases FAQs on Pricing Transparency
- The Federal Trade Commission (FTC) released FAQs on pricing transparency relating to the automobile industry, following 97 warning letters sent to auto groups about advertising violations.
- The FAQs cover 14 topics centered around price transparency, responding to marketplace complaints.
Volvo’s New Hybrid Models
- Volvo is launching longer-range hybrids, the XC60 and XC90, addressing the trend towards electrification.
- The new models feature improved electric ranges—up to 200 kilometers (124 miles) for the XC60 and 160 kilometers (99 miles) for the XC90.
Taxis and Rideshare Recall Insights
- Over 25% of taxis and rideshare vehicles analyzed by Carfax had at least one unfixed recall.
- Notably high percentages were found in cities like New York City (38.6%) and Seattle (37.5%).
Quick Words from Our Partner: OPENLANE
- OPENLANE offers condition reports and predictive pricing to eliminate uncertainty in the wholesale market.
- New users can earn up to $2,500 in fee credits.
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Thank You for Reading!
- — CDG
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