Auto Retail News

NXP Semiconductors new wireless battery management system (BMS) solution with Ultra-Wideband (UWB) capabilities helps solve complex manufacturing processes The product is projected to accelerate the adoption of electric vehicles NXP Semiconductors N.

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 $

Pre-pandemic, the profitability of used car sales was declining. But as we all witnessed, the supply and demand challenges in the marketplace during COVID flipped the script. Due to the semiconductor chip shortage and subsequent low stock of new car

In today’s challenging automotive market, dealerships are facing mounting pressure to secure quality inventory. Traditional methods like trade-ins and auctions, once the backbone of inventory acquisition, are proving less effective in a fast-evolvi

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

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 an

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

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 fee

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 Connectiv