Vehicle Dealers

UK car theft crisis near 15-year high as manufacturers face high-tech gangs

Car theft is a growing problem in the UK, as almost 130,000 vehicles were stolen in the year ending March 2024-near a 15-year high-costing insurers $867 million

8 injured as driver crashes vehicle into Southern California dealership

Eight people were injured Saturday when a driver plowed a vehicle into a CarMax location in the Los Angeles area. Two people were critically injured at the car dealership in Inglewood, while the other six suffered minor injuries, Los Angeles County Fire Department spokesperson Jonathan Torres said. Video posted on social media portrayed the crash's aftermath. It show a damaged SUV driving backward into the building, followed by an employee rushing out. The vehicle pivoted in a lobby area and drove out of the opposite end of the building. The Associated Press left messages for the Inglewood Police Department and CarMax on Saturday evening. The incident was initially reported as an active shooter situation, but Torres said that turned out not to be true.

Insurers urge IRDAI crackdown against OEM-linked motor insurance brokers

Insurance companies are demanding an open architecture where customers can choose policies from multiple insurers without being limited by OEM brokers

Govt plans to make trade certificate process online for vehicle dealers

The validity of the trade certificate has been proposed to be increased from 12 months to five years.

Interest of dealers not independent of vehicle manufacturer: Supreme Court

The Supreme Court has set aside an order of NCDRC, which directed a car dealer to pay Rs 7.43 lakh compensation for deficiency of service over a misleading advertisement

Parliamentary panel suggests framing of strict norms for vehicle dealers

Panel recommends states for optional vehicle registration by dealers, strict guidelines for auto retailers