Many Theft-Prone Kia, Hyundai Models Still Not Protected
CARFAX says millions still haven't gotten carmakers' free antitheft software upgrade or steering wheel locks. Those looking at used models through CARFAX can see if they have newly installed software.
Vehicle data and listings provider CARFAX estimates that nearly five million Hyundai and Kia owners whose models are vulnerable to theft still haven’t gotten antitheft equipment being offered by the carmakers.
The vehicle data provider said it’s teamed with the two South Korean brands to educate the owners about the availability of a software upgrade and steering wheel locks. It will include information about the free offerings on its vehicle history reports.
Kia and Hyundai models 2011 to 2022 have been prone to theft due to lacking standard antitheft technology, and a rash of thefts of the vehicles has put the carmakers on the hot seat with accusations of failing to address a public-safety issue. They settled with a class of about 9 million vehicle owners between them in May over the thefts.
Via CARFAX vehicle history reports, shoppers looking for used Hyundais or Kias will be able to learn whether a particular vehicle has had the antitheft software upgrade the carmakers offered.
DIG DEEPER: Hyundai, Kia Settle Over Vehicle Thefts
More Dealer Ops
Dealer Debrief: Defection Data & EV Updates
In this week's debrief, host Lauren Lawrence discusses how to use defection data to your advantage and the latest on EV sales and charging infrastructure.
Read More →
How Defection Data is Bridging the Dealership Conversion Gap
Lead volume is flat, cross-shopping is up and brand loyalty is in retreat. As confident sales teams keep losing buyers they thought they had, daily industry sales data is showing dealers exactly where their funnel is breaking and how to fix it without buying a single new lead.
Read More →
Dealer Debrief: Where are you losing customers?
In this week's debrief, host Lauren Lawrence discusses the hidden leaks in dealerships where you might be losing customers without even realizing it.
Read More →
Dealer Debrief: Improving Your Inventory Management
In this week's debrief, host Lauren Lawrence covers a new survey that shows what service technicians really want and two launches that could help improve your inventory and vehicle life cycle management.
Read More →
Ladies and Gentlemen, This Is a Dealership: Why the Fundamentals Still Decide Who Wins
A teaching moment by a legendary football coach happens to apply perfectly in the auto retail space. Learn what it is and how to use it to your store’s advantage.
Read More →
What Market Timing Mistakes Mean for Your Reinsurance Program
When volatility hits, dealer-owned reinsurance programs face a familiar temptation: pull back and wait for calmer waters. New data from BOK Financial shows why that instinct can quietly cost you years of surplus growth.
Read More →
Dealer Ads and the FTC
The agency has made it clear in recent enforcement actions and warnings, in auto retail and other industries, that advertised prices must include all nonoptional costs to the consumer.
Read More →
Used Autos Supply Dwindles
The March shopping surge, despite high prices, cut into inventory by the most since the thick of the pandemic, Cox Automotive analysts calculated.
Read More →
Managing Risk Effectively Through Changing Times
The variables influencing risk pricing have changed significantly over the past five years. Being proactive and responsive to emerging trends is not optional but essential.
Read More →
Survey Reveals What Won't Fix What's Breaking Car Sales
AutoPayPlus says extra-long auto loans are trapping consumers and threatening the dealer trade-in cycle, and that the industry is leveraging the wrong tools to combat high MSRPs.
Read More →