Second straight monthly decline leaves the index 13% below a year ago as fuel prices and trade tensions weigh on household budgets. Consumer sentiment fell 7.5% in September in the preliminary reading from the University of Michigan Surveys of Consumers, with the Index of Consumer Sentiment at 47.8, down from 51.7 in August and 13.2% […]
Carfax Finds Unfixed Recalls on More Than a Quarter of Taxis and Rideshares Checked
Carfax found at least one unfixed safety recall on about 27% of the taxi and rideshare vehicles it examined across 16 major U.S. cities and the state of Maryland, compared with roughly one in five vehicles nationwide. The company analyzed nearly 438,000 vehicle identification numbers drawn from registered taxi and rideshare fleets and released the […]
Hyundai Motor Group Sets 2028 Production Target for Level 2+ Automation, Standardizes Sensors Across Brands
Hyundai Motor Group said Sept. 12 it will put NVIDIA-based Level 2+ automated driving systems into production in the first half of 2028 and Level 2++ systems in the second half of that year, followed in the second half of 2029 by vehicles running Atria AI, the autonomous driving software developed in-house by group subsidiary […]
Reed Schram Nominated to Automotive Recyclers Association Executive Committee
The Automotive Recyclers Association has nominated Reed Schram, general manager of Schram Auto Parts in Waterford, Mich., to serve as secretary of the association’s executive committee for 2026-2027. The ARA board of directors and membership will formally confirm the nomination during the association’s 83rd Annual Convention and Exposition, Oct. 15-17 in Atlanta. Schram is a […]
Farmers Reports Animal Collisions Account for 74% of Montana’s Comprehensive Losses
Three years of claims data ranked by share of comprehensive losses rather than claim count puts the Upper Midwest and Northern Plains at the top. Farmers Insurance said Sept. 8 that animal collisions accounted for 74% of comprehensive loss causes in Montana over the three years ending July 31, the largest share of any state, […]
Copart to Acquire ACV Auctions for $1.9 Billion, Expanding Into Dealer Wholesale
Copart, Inc. (NASDAQ: CPRT) has agreed to acquire ACV Auctions Inc. (NYSE: ACVA) for $10.50 per share in cash, valuing the digital wholesale vehicle marketplace at approximately $1.9 billion and extending the salvage auction operator into the dealer-to-dealer channel for the first time. The $10.50 per-share price represents a premium of approximately 45% to ACV […]
Axalta Names Deep Ruby Red ‘Redefined’ as its Global Automotive Color of the Year
Axalta Coating Systems (NYSE: AXTA) unveiled Redefined, a saturated ruby red, as its 2027 Global Automotive Color of the Year, introducing the finish Sept. 8 at Automechanika Frankfurt. Axalta said the finish catches and reflects light with a subtle sparkle, producing depth and dimension the company characterizes as jewel-like. It described the color as a […]
Gas Prices Jump 13 Cents to $4.28 as Crude Climbs Toward $100
The national average price for a gallon of regular gasoline rose 13 cents over the past week to $4.277, AAA reported Sept. 10. Renewed volatility along the Strait of Hormuz has pushed crude oil back toward $100 a barrel, AAA said, lifting pump prices to roughly where they stood in early June. The increase runs […]
Norfolk CBP Officers Seize Over $100,000 in Radiators Imported Under Stolen Identities
Over 1000 automotive radiators confiscated by Customs and Border Protection. U.S. Customs and Border Protection officers seized 1,043 automotive radiators and 420 dehumidifiers at Norfolk, Va., on Aug. 25 after determining both shipments were imported using the stolen identities of two American citizens. CBP trade experts appraised the goods at a combined $292,023. The radiators […]
SEMA Widens ADAS Symposium to Automakers, Safety Researchers and Repair Groups
The Specialty Equipment Market Association’s second annual ADAS Symposium drew 63 attendees representing 47 companies and organizations, broadening a forum that debuted in May 2025 as a discussion of the calibration and compatibility problems facing aftermarket service, repair and vehicle-modification businesses. Co-hosted by MEMA Aftermarket Suppliers, the Sept. 9 event brought in vehicle manufacturers, the […]
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