Latest news with #CARFAX
Associated Press
6 days ago
- Automotive
- Associated Press
CARFAX: Nearly 17 Million Vehicles on U.S. Roads Have Expired Registration Tags
Drivers With Expired Tags Could Face Thousands in Fines, Impoundment, and Even Jail Time CENTREVILLE, Va., June 4, 2025 /PRNewswire/ -- New CARFAX data found nearly 17 million vehicles on U.S. roads started 2025 with expired tags. Driving with outdated tags can lead to serious consequences, including costly fees and fines, and in some cases, having the vehicle towed or impounded. In instances with either repeat offenses or significantly overdue registrations, drivers can even face jail time. Expired tags can also complicate issues in accidents, potentially affecting insurance claims. The average lag for most drivers with expired tags is about four months, CARFAX data shows, more than enough time for fines or other penalties to accumulate. 'As summer kicks off and more families hit the road, a simple missed renewal can quickly spiral into a costly legal or financial headache,' said Paul Nadjarian, General Manager of CARFAX Car Care. 'The free CARFAX Car Care app helps drivers avoid surprises by sending timely reminders for key deadlines — from registration renewals to maintenance like recalls and tire rotations.' These 10 states had the most expired vehicle registrations at the start of the year: *Note: California's figures are a recent monthly average of expired tags provided to CARFAX by the California Department of Motor Vehicles (DMV). Some states have penalties that can run up to hundreds or even thousands of dollars. In some instances, drivers can face jail time for repeat offenses, including in New York state, Florida, Washington, and Georgia, according to their DMV sites. For example, in California, the Department of Motor Vehicles (DMV) says that if a vehicle's registration has been expired for more than six months, law enforcement may order it towed or impounded. And although jail time isn't typical, that decision 'would be up to a judge'. And in Massachusetts, one out-of-state driver learned the hard way just how crucial it is to keep vehicle registration up to date, after a state trooper impounded his car and he was left stranded on the roadside. 'Just a warning to others,' he said. 'Don't let something like this, that can be quickly taken care of, slip through the cracks.' Editor's note: Local estimated numbers for expired tags in your state can be made available upon request. Interviews with a Carfax expert are available anytime. Please contact Em Nguyen at [email protected]. About CARFAX CARFAX, part of S&P Global Mobility, helps millions of people every day confidently shop, buy, service and sell used cars with innovative solutions powered by CARFAX® vehicle history information. The expert in vehicle history since 1984, CARFAX provides CARFAX Car Listings, CARFAX Car Care, CARFAX History-Based Value and the flagship CARFAX Vehicle History Report to consumers and the automotive industry. CARFAX owns the world's largest vehicle history database and is nationally recognized as a top workplace by The Washington Post. Shop, Buy, Service, Sell – Show me the CARFAX®. S&P Global Mobility is a division of S&P Global (NYSE: SPGI). S&P Global is the world's foremost provider of credit ratings, benchmarks, analytics and workflow solutions in the global capital, commodity and automotive markets. View original content to download multimedia: SOURCE CARFAX
Forbes
28-05-2025
- Business
- Forbes
What To Expect From May's CPI Inflation Report
The Consumer Price Index inflation report for May will be released on June 11. Inflation nowcasting from the Atlanta Federal Reserve estimates 0.12% headline monthly inflation for May and 0.23% when food and energy prices are removed. That would be similar to the 0.2% monthly CPI price increase reported in April for both headline and adjusted for food and energy.. However, these nowcasts are primarily informed by energy price trends and historical prices, so its possible that any impact from tariffs is missed. Still, many large firms whether retailers or car manufactures have not yet adjusted pricing in response to tariffs, so May's data may not pick up a material tariff impact. 10% tariffs on most imports went into effect on April 5 with higher tariffs for China and earlier tariffs for steel and aluminum exports. Of course, tariff policy is rapidly evolving. Analysis by Today has shown that most large retailers have not increased pricing yet in reaction to tariffs, though several plan to in June or July. That may mean that any impact of tariffs may not be seen in May's CPI report and even June's report may not measure the full impact. May's CPI data might capture some impact from tariffs on used car pricing. The CPI report for April reported flat pricing for new vehicles and falling prices for used cars and trucks. However, industry trackers such as CARFAX are reporting robust pricing on used cars into May. There are also reports of car buyers rushing to purchase cars before tariffs were in effect. However, aside from Ferrari which has raised pricing 10%, most car manufacturers have held pricing for now, or even extended certain discounts more broadly. However, some overseas manufacturers have paused U.S. shipments according to analysis from Car and Driver. That may mean that the impact of tariffs on new cars is muted in May's CPI report. However, pricing for used vehicles may be stronger. Other categories could show a similar picture as corporations take some time to measure their reaction to tariffs and potentially adjust pricing. However, economists will watch the general trend in goods pricing, which is more sensitive to tariffs, as compared to services where imports are typically less of a cost driver. Despite the attention on tariffs, housing costs make up a large portion of price trends in the CPI report. Shelter costs represent just over one third of the weighting of the overall CPI price series. March and April suggest that shelter costs may be starting to soften. For example, Zillow's industry forcast sees home prices falling 1.4% in 2025. However, Zillow also forecasts rents to rise over 3%. As such, though home prices may cool in upcoming CPI reports, it remains to be seen whether they decline, in part because the CPI index aims to capture a broader estimate of the ongoing cost of home ownership, rather than simply the standalone home purchase. As such April's CPI report may be shaped as much by trends in shelter costs as the impact of tariffs. The Federal Open Market Committee will set interest rates on June 18 after the CPI report. Fixed income markets expect that interest rates will be held steady at their current level of 4.25% to 4.5%. Generally, the FOMC has signaled it intends to what the economic data play out before making a decision on interest rates with some expectation that prices may rise and growth may slow. Although, markets to expect the FOMC to cut interest rates moderately later this year. May's CPI report may show that firms, like the Fed are, for now, taking a wait and see approach in response to tariffs, though price increases may be noticeable in CPI report for June and July if statements from larger corporations are any guide.
Associated Press
29-04-2025
- Automotive
- Associated Press
S&P Global Announces Intent to Separate Mobility Segment into Standalone Public Company
NEW YORK, April 29, 2025 /PRNewswire/ -- S&P Global (NYSE: SPGI) today announced its intent to separate S&P Global Mobility ('Mobility') from S&P Global to drive long-term value creation. The planned separation is expected to result in Mobility becoming a standalone public company. 'S&P Global is a leader providing essential intelligence with a proven history of strong financial performance and durable growth. Separating Mobility will allow us to continue to focus on our core businesses and pursue our growth strategy,' said Martina L. Cheung, President and CEO of S&P Global. S&P Global: Enabling Critical Decisions in Financial and Commodity Markets S&P Global will continue as a leading provider of credit ratings, benchmarks, analytics and workflow solutions and will consist of its four highly synergistic core businesses – S&P Global Market Intelligence, S&P Global Ratings, S&P Global Commodity Insights and S&P Dow Jones Indices. Following the separation, S&P Global will benefit from simplified operations, increased focus on its enterprise strategy and a unified approach to powering public and private markets. With a strong leadership team bringing relevant industry experience, S&P Global will be optimally positioned to build on positive momentum in its product innovation and AI initiatives, as well as its proven track record of driving profitable growth among leading global brands. S&P Global expects to provide more information regarding its multi-year strategy at an Investor Day, scheduled for November 13, 2025. Mobility: Delivering Insights and Solutions Throughout the Vehicle Lifecycle Mobility is an automotive data and technology leader with three divisions – Used Vehicle Sales & Service (including CARFAX), Strategy & Product Planning and New Vehicle Sales & Marketing. Evolving dynamics, including growing consumer demand for vehicle information, the rise of electrification and software-defined vehicles, direct-to-customer retail models and the supply chain disruptions related to tariffs are driving an increased need for Mobility's data and decisioning tools. With trusted, market-leading brands such as CARFAX, automotiveMastermind, Polk Automotive Solutions and Market Scan, unique data sets and demonstrated resilience through business cycles, Mobility is well positioned to meet customer demand in the fast-moving environment. A separation will allow Mobility more flexibility to pursue near- and long-term growth opportunities, including in used car offerings and expanding both geographically and into adjacent markets. In fiscal year 2024, the Mobility segment generated $1.6 billion in revenue, a year-over-year increase of approximately 8%. Transaction Benefits and Details Through the transaction, S&P Global and Mobility are each expected to benefit from: The planned separation follows a comprehensive review by the Company's Board of Directors and executive leadership team. The separation is expected to be effected through a spin-off of Mobility that is intended to qualify as a tax-free transaction for U.S. federal tax purposes to S&P Global shareholders. S&P Global expects to complete the separation within 12 to 18 months, subject to the satisfaction of customary legal and regulatory requirements and approvals, including final approval of the Company's Board of Directors and effectiveness of a Form 10 registration statement filed with the U.S. Securities and Exchange Commission. There can be no assurance that any separation transaction will ultimately occur or, if one does occur, of its terms or timing. First Quarter 2025 Results and Conference Call/Webcast Details The Company's senior management will discuss the separation transaction and review its first quarter year 2025 earnings results, which were separately announced today, on a conference call scheduled for today, April 29, at 8:30 a.m. ET. Additional information presented on the conference call, as well as the Company's earnings release and Supplemental slide content, may be found on the Company's Investor Relations Website at The Webcast will be available live and in replay at Advisors Morgan Stanley & Co. LLC, Goldman Sachs & Co. LLC, Citigroup Global Markets Inc. and Evercore Group L.L.C. are serving as financial advisors and Davis Polk & Wardwell LLP and Baker McKenzie LLP are serving as legal advisors to S&P Global. About S&P Global S&P Global (NYSE: SPGI) provides essential intelligence. We enable governments, businesses and individuals with the right data, expertise and connected technology so that they can make decisions with conviction. From helping our customers assess new investments to guiding them through sustainability and energy transition across supply chains, we unlock new opportunities, solve challenges and accelerate progress for the world. We are widely sought after by many of the world's leading organizations to provide credit ratings, benchmarks, analytics and workflow solutions in the global capital, commodity and automotive markets. With every one of our offerings, we help the world's leading organizations plan for tomorrow, today. For more information, visit Forward-Looking Statements This press release contains 'forward-looking statements,' as defined in the Private Securities Litigation Reform Act of 1995. These statements, which express management's current views concerning future events, trends, contingencies or results, appear at various places in this press release and use words like 'anticipate,' 'assume,' 'believe,' 'continue,' 'estimate,' 'expect,' 'forecast,' 'future,' 'intend,' 'plan,' 'potential,' 'predict,' 'project,' 'strategy,' 'target' and similar terms, and future or conditional tense verbs like 'could,' 'may,' 'might,' 'should,' 'will' and 'would.' For example, management may use forward-looking statements when addressing topics such as: the outcome of contingencies; future actions by regulators; changes in the Company's business strategies and methods of generating revenue; the development and performance of the Company's services and products; the expected impact of acquisitions and dispositions; the Company's effective tax rates; the Company's cost structure, dividend policy, cash flows or liquidity; and the anticipated separation of Mobility into a standalone public company. Forward-looking statements are subject to inherent risks and uncertainties. Factors that could cause actual results to differ materially from those expressed or implied in forward-looking statements include, among other things: The factors noted above are not exhaustive. The Company and its subsidiaries operate in a dynamic business environment in which new risks emerge frequently. Accordingly, the Company cautions readers not to place undue reliance on any forward-looking statements, which speak only as of the dates on which they are made. The Company undertakes no obligation to update or revise any forward-looking statement to reflect events or circumstances arising after the date on which it is made, except as required by applicable law. Further information about the Company's businesses, including information about factors that could materially affect its results of operations and financial condition, is contained in the Company's filings with the SEC, including Item 1A, Risk Factors in our most recently filed Annual Report on Form 10-K, as supplemented by Item 1A, Risk Factors, in our most recently filed Quarterly Report on Form 10-Q. Contacts Investor Relations: Mark Grant Senior Vice President, Investor Relations Tel: +1 (347) 640-1521 [email protected] Media: Christina Twomey Chief Communications Officer Tel: +1 (410) 382-3316 [email protected] View original content to download multimedia: SOURCE S&P Global
Yahoo
26-04-2025
- Business
- Yahoo
Hawaiian man scammed out of $275K in wire transfer car deal — how to avoid falling for dealership fraud
Vitalii Stefurac, a South Florida man, is accused of defrauding Alan Sue of nearly $300,000 in a wire fraud crime. Stefurac, who also went by the alias Viktor, was the owner of Dream Auto Collection, a luxury car dealership in Hollywood, Florida, specializing in imported vehicles. I'm 49 years old and have nothing saved for retirement — what should I do? Don't panic. Here are 5 of the easiest ways you can catch up (and fast) Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you don't have to deal with tenants or fix freezers. Here's how Nervous about the stock market in 2025? Find out how you can access this $1B private real estate fund (with as little as $10) In 2023, Sue, 78, ordered a Mercedes-Benz G63 with a rare BRABUS package for $275,000. He wired the money in two installments but never received the luxury vehicle. Records show that the car in question was sold to another buyer. After months of investigation, federal agents arrested Stefurac just before he boarded a flight from Miami to Cuba. His final destination was reportedly Russia, a country he is known to have visited several times. In an interview with WPLG News in Florida last year, Sue described the experience as emotionally and financially draining. 'I thought about killing myself ... I'll say it right out — I was stupid and foolish,' the Hawaiian resident said. 'I think Viktor took my money and went on expensive vacations. 'He went to Nepal and climbed some mountain — sent me a picture,' Sue added. 'I think he went to Europe, too. I think it was all on my money.' Stefurac appeared in federal court in Fort Lauderdale earlier this month. His bond was set at $100,000, although prosecutors argued he posed a flight risk. As for Sue, it remains unclear whether he will be reimbursed for the cost of the car and his legal expenses. Scams like this just don't happen with big-ticket items — they can happen to anyone. Here are some key signs to look out for to protect yourself when you're in the market for a new or used car. Read more: This hedge fund legend warns US stock market will crash a stunning 80% — claims 'Armageddon' is coming. Don't believe him? He earned 4,144% during COVID. Here's 3 ways to protect yourself Licensed car dealers typically do not request wire transfers or large upfront payments. If you're dealing with a private seller, don't give in to pressure — inspect the vehicle thoroughly before handing over any money. Always conduct transactions in person, document everything and don't hesitate to walk away if something feels off. To stay safe, buy only from registered dealers. Always get a CARFAX report yourself, even when buying from a registered dealership. Their reports may be outdated or inaccurate. Before visiting the lot, research fair pricing for the vehicle you're interested in. If you're trading in a car, don't rely solely on the dealer's valuation — check the fair market price yourself and shop around for better deals. When buying from a used lot or private seller, verify the legal ownership of the vehicle. Inspect registration documents and request a vehicle history report. Your local police department can check the vehicle identification number (VIN) to ensure it has not been stolen. VIN inconsistencies between parts may indicate past crashes or swapped components. Always inspect the car in person — don't rely on photos. A trusted mechanic can alert you to potential problems, such as costly repairs, evidence of previous accidents or modifications that might be illegal in your area, such as dark window tint or loud exhaust systems. If a seller resists a pre-purchase inspection, that's a red flag. If you're trading in your car, dealerships may ask for your keys to assess its trade-in value. However, some shady operations use this as a high-pressure tactic — stalling or refusing to return your keys until you agree to buy. Make it clear you're just browsing and keep your key until you're ready to decide. Delaying a trade-in inspection until a second or third visit is acceptable. Remember, you're in control of buying the car. Understanding common sales tactics can help you avoid being manipulated into a bad deal. With the right research and preparation, you can find a trustworthy dealership and a car that meets your needs and budget. Want an extra $1,300,000 when you retire? Dave Ramsey says this 7-step plan 'works every single time' to kill debt, get rich in America — and that 'anyone' can do it Rich, young Americans are ditching the stormy stock market — here are the alternative assets they're banking on instead Here are 5 'must have' items that Americans (almost) always overpay for — and very quickly regret. How many are hurting you? This article provides information only and should not be construed as advice. It is provided without warranty of any kind.
Yahoo
26-04-2025
- Business
- Yahoo
Hawaiian man scammed out of $275K in wire transfer car deal — how to avoid falling for dealership fraud
Vitalii Stefurac, a South Florida man, is accused of defrauding Alan Sue of nearly $300,000 in a wire fraud crime. Stefurac, who also went by the alias Viktor, was the owner of Dream Auto Collection, a luxury car dealership in Hollywood, Florida, specializing in imported vehicles. I'm 49 years old and have nothing saved for retirement — what should I do? Don't panic. Here are 5 of the easiest ways you can catch up (and fast) Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you don't have to deal with tenants or fix freezers. Here's how Nervous about the stock market in 2025? Find out how you can access this $1B private real estate fund (with as little as $10) In 2023, Sue, 78, ordered a Mercedes-Benz G63 with a rare BRABUS package for $275,000. He wired the money in two installments but never received the luxury vehicle. Records show that the car in question was sold to another buyer. After months of investigation, federal agents arrested Stefurac just before he boarded a flight from Miami to Cuba. His final destination was reportedly Russia, a country he is known to have visited several times. In an interview with WPLG News in Florida last year, Sue described the experience as emotionally and financially draining. 'I thought about killing myself ... I'll say it right out — I was stupid and foolish,' the Hawaiian resident said. 'I think Viktor took my money and went on expensive vacations. 'He went to Nepal and climbed some mountain — sent me a picture,' Sue added. 'I think he went to Europe, too. I think it was all on my money.' Stefurac appeared in federal court in Fort Lauderdale earlier this month. His bond was set at $100,000, although prosecutors argued he posed a flight risk. As for Sue, it remains unclear whether he will be reimbursed for the cost of the car and his legal expenses. Scams like this just don't happen with big-ticket items — they can happen to anyone. Here are some key signs to look out for to protect yourself when you're in the market for a new or used car. Read more: This hedge fund legend warns US stock market will crash a stunning 80% — claims 'Armageddon' is coming. Don't believe him? He earned 4,144% during COVID. Here's 3 ways to protect yourself Licensed car dealers typically do not request wire transfers or large upfront payments. If you're dealing with a private seller, don't give in to pressure — inspect the vehicle thoroughly before handing over any money. Always conduct transactions in person, document everything and don't hesitate to walk away if something feels off. To stay safe, buy only from registered dealers. Always get a CARFAX report yourself, even when buying from a registered dealership. Their reports may be outdated or inaccurate. Before visiting the lot, research fair pricing for the vehicle you're interested in. If you're trading in a car, don't rely solely on the dealer's valuation — check the fair market price yourself and shop around for better deals. When buying from a used lot or private seller, verify the legal ownership of the vehicle. Inspect registration documents and request a vehicle history report. Your local police department can check the vehicle identification number (VIN) to ensure it has not been stolen. VIN inconsistencies between parts may indicate past crashes or swapped components. Always inspect the car in person — don't rely on photos. A trusted mechanic can alert you to potential problems, such as costly repairs, evidence of previous accidents or modifications that might be illegal in your area, such as dark window tint or loud exhaust systems. If a seller resists a pre-purchase inspection, that's a red flag. If you're trading in your car, dealerships may ask for your keys to assess its trade-in value. However, some shady operations use this as a high-pressure tactic — stalling or refusing to return your keys until you agree to buy. Make it clear you're just browsing and keep your key until you're ready to decide. Delaying a trade-in inspection until a second or third visit is acceptable. Remember, you're in control of buying the car. Understanding common sales tactics can help you avoid being manipulated into a bad deal. With the right research and preparation, you can find a trustworthy dealership and a car that meets your needs and budget. Want an extra $1,300,000 when you retire? Dave Ramsey says this 7-step plan 'works every single time' to kill debt, get rich in America — and that 'anyone' can do it Rich, young Americans are ditching the stormy stock market — here are the alternative assets they're banking on instead Here are 5 'must have' items that Americans (almost) always overpay for — and very quickly regret. How many are hurting you? This article provides information only and should not be construed as advice. It is provided without warranty of any kind. Sign in to access your portfolio
