Hyundai, Kia Must Face Insurer Suits
Companies seek $1 billion-plus over rash of vehicle thefts.

Certain 2011 to 2022 models by the carmakers lack immobilizing technology to prevent theft.
IMAGE: Pexels/Jeffrey Paa Kwesi Opare
A federal judge ruled Hyundai and Kia must face lawsuits by insurers over a nationwide rash of thefts made possible by the lack of antitheft technology in the models.
Hundreds of insurers sued the South Korean carmakers over the thefts, many of which were inspired by social media posts that shared instructions on how to steal certain models. The consolidated claims exceed $1 billion.
Certain 2011 to 2022 models by the carmakers lack immobilizing technology to prevent theft. The carmakers have been offering software updates to add the technology, along with distributing steering wheel locks for consumers, though many of the vehicles still haven’t gotten the updates.
U.S. District Court Judge James Selna in Santa Ana, Calif., rejected the automakers’ arguments that insurers were compensated by customers’ premiums and voluntarily assumed risk and that they didn’t indicate which individual policy holders’ vehicles were stolen, according to news reports. It determined that the vehicles’ lack of antitheft technology made them vulnerable.
LEARN MORE: Hyundai Holds Antitheft Clinics
More Dealer Ops

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 →
Timing the Market Can Hurt Long-Term Program Performance
For dealer-owned reinsurance entities, avoiding volatility entirely can mean falling behind inflation and missing market rebounds that drive long term surplus growth. Missing just a handful of strong market days can materially impact cumulative returns—an important reminder for long horizon trust and investment strategies.
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 →
IA American Appoints Two Execs
Senior vice presidents of the company's agent and dealer channels chosen to support general agents and help auto dealers with sales and performance.
Read More →
Cox Automotive Acquires Inspection Firm
Full ownership of Alliance Inspection Management, or AiM, meant to unlock growth for Manheim inspection capabilities
Read More →
Assurant Expands Partnership With Holman
Extended collaboration delivers training, products and performance development to 30 newly acquired Holman dealerships
Read More →
Franchises, Throughput Down in First Half
A handful of states see franchise growth through June, while EV sales per store boost overall business in U.S.
Read More →