The latest reports from S&P Global Mobility and Automotive News show registrations of new fully electric vehicles fell 4.4% in April, snapping a 14-month streak of year-over-year gains. +
Lithia Motors has acquired Mercedes-Benz of Jackson (Miss.) and Mercedes-Benz of Collier (Tenn.) from the Higginbotham family in a deal brokered by the Presidio Group. +
Lotlinx reports new vehicles in stock at U.S. dealerships carried over at a rate of 51% in May, a 3% increase over the same month a year ago, and days’ supply improved by five days to 64. +
Descartes Datamyne reports the number of vehicles shipped to the United States by sea fell by 9% in May compared with the same month a year ago as new tariffs take effect. +
Gas/electric hybrids accounted for 12.4% of U.S. new light-vehicle sales in the first quarter while market share remained essentially flat for battery electric vehicles and plug-in hybrids. +
Infiniti of Englewood attorneys say an out-of-trust lawsuit filed by Nissan against the dealership is “an attempt to strong-arm” ownership as it negotiates a floorplan financing agreement. +
EVAI founder Ian Gardner says dealers must arm their sales teams with a broader and deeper understanding of the factors that drive EV purchases, including TCO and charging infrastructure. +
Automotive News reports new vehicle sales improved for Ford, Hyundai and Kia and fell by double digits for Mazda in May, dropping the SAAR below 16 million as factories scaled back incentives. +
Less than a week after more than 1 million Ford and Lincoln vehicles were recalled due to the risk of malfunctioning rearview camera displays, Nissan and Stellantis separately reported similar issues. +
Florida’s Atlantic Coast Automotive Group has acquired all three of Lithia Motors’ West Virginia stores, entering a sixth state in a move described as a “key strategic divestiture” by the broker. +
