ICYMI: New York City sued CarGurus over deal ratings and hidden fees. Unifor members voted to authorize a Stellantis strike in Canada, and supplier Dakkota will close its Detroit plant. General Motors plans to add hybrids in multiple segments as fuel prices rise. Negative equity hit 29.1% of trade-ins in the third quarter. NADA elected Sandy Fitzgerald Angello as its 2027 chairman.
Here’s a closer look at these top stories and more headlines to keep you up to date on this week’s automotive news.
New York City alleges CarGurus violated consumer protection law
The New York City Department of Consumer and Worker Protection (DCWP) sued CarGurus in New York State Supreme Court, alleging the company misled consumers by advertising vehicles as “Good Deals” or “Great Deals” while hiding mandatory fees, down payment requirements and trade-in conditions. DCWP announced the case Oct. 15 and said CarGurus violated the New York City Consumer Protection Law more than 2,000 times during the agency’s investigation. Read more.
Unifor authorizes Stellantis strike in Canada, supplier Dakkota to shut Detroit plant
On October 17 and 18, Unifor members at Stellantis in Canada voted 97.3% in favor of authorizing a strike. Separately, Stellantis supplier Dakkota Integrated Systems plans to close its Detroit plant and lay off 397 employees, according to Automotive News. Read more.
General Motors to add hybrid models as rising fuel prices increase demand
General Motors (GM) is planning to offer hybrids across multiple segments of its lineup, CEO Mary Barra told analysts Tuesday on the automaker’s third-quarter earnings call. While GM has largely stayed out of the hybrid market in recent years, Bloomberg reported that demand grew and then spiked this year as fuel costs rose. Read more.
Negative equity hits 29.1% of trade-ins, rollover loans top $57,000
According to a recently released Edmunds report, nearly 3 in 10 financed trade-ins toward new vehicles were underwater in the third quarter, and the average amount owed is the highest for a third quarter in at least a decade. In Q3, 29.1% of those trade-ins carried negative equity, up from 28.1% a year ago. Read more.
NADA elects second woman as chairman for 2027
The National Automobile Dealers Association (NADA) Board of Directors elected Sandy Fitzgerald Angello as its 2027 chairman at its Oct. 20, 2026, meeting. The election also makes Angello the second woman to serve as NADA chairman, following Annette Sykora, who held the role in 2008. Read more.
Next week on CBT Live!
Join CBT News Co-Founders Bridget and Jim Fitzpatrick live at noon Eastern each weekday for the latest automotive news headlines and exclusive interviews with dealers and industry insiders. Monday’s guests include April Ancira, Vice President of Ancira Auto Group, plus David Spisak, CEO of Disruptive Growth Solutions.
