A new report from Experian found electric vehicles (EVs) have gained more traction from consumers in the market for a new vehicle due to more options being available. Experian’s State of the Automotive Finance Market Report: Q4 2023 noted EVs compr

New-vehicle sales in the U.S. picked up in February, with sales up nearly 10% from a year ago. Total new-vehicle sales in February are now estimated at 1.25 million, above our forecast of 1.22 million units and up 9.6% year over year, according to of

Infiniti came out on top in a recent survey of responsiveness to customer internet leads coming though dealership websites. The survey— 2024 Pied Piper PSI® Internet Lead Effectiveness® (ILE) Study—measured responsiveness to customer internet l

The Biden Administration is taking the first steps that could lead to the banning of connected cars from China. The U.S. announced on Feb. 29 that it is opening an investigation into whether Chinese vehicle imports pose national security risks and co

New-vehicle sales are projected to be better than expected for February. Cox Automotive is projecting when numbers are announced next week it will show gains over last year and improvement from January, which came in slower than expected. Sales volum

Two of the leading auto dealerships made significant dealership acquisitions this week. Group 1 Automotive, Inc. on Feb. 26 announced the acquisition of Newport Lexus and Tustin Lexus, two high performing Lexus dealerships in Orange County, CA. Th

With the Federal Trade Commission’s (FTC) Combating Auto Retail Scams (CARS) Rule slated to go into effect this year, a recent poll showed over a third of Americans have experienced the practice the law is looking to combat. KPA, a leading provide

U.S. dealership numbers rose in 2023, according to a recent report from Urban Science. Urban’s Automotive Franchise Activity Report (FAR) found at the end of last year there were 90 more dealerships in the U.S. compared to year-end 2022—18,347 in

Carvana posted its first-ever annual profit on Feb. 22 in the aftermath of a deal with bondholders last year to cut its outstanding debt by $1 billion. The company forecast an adjusted core profit for the first quarter “significantly above” $100