For the fourth consecutive month, new-vehicle prices climbed higher in December 2024, just falling short of all-time high mark in December 2022. Kelley Blue Book reported on Jan. 15 that the average transaction prices (ATPs) for new-vehicles were $49,740, an increase of 1.3 percent year over year and higher by 1.5 percent compared to November 2024.  Analysts noted […]

Cox Automotive analysts are optimistic about the U.S. auto market as 2025 as retail sales were particularly strong at year-end. Kelley Blue Book reported new-vehicle sales in 2024 finished near 16.0 million, an increase of just over two percent from 2023 and the best year for volume since the pandemic as nearly every automaker posted […]

As we reflect on the 2024 automotive landscape, it’s clear that dealerships faced a year of significant challenges and transformations, particularly in finance and insurance (F&I). The persistent affordability issue dominated discussions and forced dealers to adapt their approaches to meet evolving consumer needs in an increasingly complex market. Affordability Defined 2024 The affordability issue […]

While most dealers believe franchise values will either increase or remain the same over the next 12 months, the newly released 2024 Kerrigan Dealer Survey found certain franchises saw a sharp decline in valuation expectations due to an oversupply of new vehicle inventory and a significant decline in franchise profitability. Dealers expect Lexus, Toyota, Honda, […]

The Federal Trade Commission and the office of the Maryland Attorney General filed charges against a Maryland based auto group with systematically deceiving and overcharging car-buying consumers for years, costing them millions of dollars in junk fees and unwanted add-on products. The complaint against the Lindsay Automotive Group alleges it advertised prices it refused to honor […]

The organization enters 2025 with significant momentum after surpassing 300 members this year Other accomplishments include strengthening the CCC Digital KeyCertification Program, expanded industry footprint and event participation The Car Connectivity Consortium (CCC) officials promoted their significant growth in 2024 for the cross-industry organization dedicated to advancing vehicle-to-device connectivity solutions, CCC’s notable strides over the last year […]

The transportation industry is evolving that is a technologically and innovation driven. Among the most interesting trends we are witnessing is the emergence of Software-Defined Vehicles (SDVs) alongside with cities’ competence growth and change. It opens up the new areas for both businesses and consumers as a new system of thinking about transport and mobility […]

New light-vehicle sales finished 2024 strong, leading to a full-year sales total of 15.85 million units—an increase of 2.2 percent compared to 2023, according to the National Automobile Dealers Association (NADA). And industry experts expect continued growth in 2025. The December 2024 seasonally adjusted annual rate (SAAR) reached 16.8 million units, the highest monthly SAAR […]

In the competitive landscape of the auto industry, digital tools like Google Business Profile (GBP) are fundamental for streamlining customer communication, enhancing online presence, and boosting sales performance. According to the latest statistics, 95 percent of vehicle buyers use digital sources for information, with 60 percent contacting dealerships after a search. Furthermore, businesses with complete […]