The Consumer Confidence Index fell 5.4 points in June, led by a plummeting Expectations Index, which remains below the threshold said to “typically signal” an oncoming recession. +

Prices for new Toyotas sold in the U.S. will increase by an average of $270 in July — but not because of the Trump administration’s new 25% tariff on imported vehicles, a spokesperson tells Reuters. +

The Federal Reserve maintained its 4.25% to 4.5% target rate for a fourth consecutive meeting, but the board remains committed to making two quarter-point cuts or one half-point cut by year’s end. +

A memo sent to Mitsubishi dealers and reviewed by Reuters indicates the Tokyo-based factory will raise prices of new units sold in the United States by an average of 2.1% in response to new tariffs. +

Arra Finance has agreed to acquire Crescent Bank’s automotive division, quadrupling origination volume and adding about 180 employees, $1 billion in assets and $815 million in existing auto loans. +

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. +

Dealertrack’s Credit Availability Index maintained a steady upward course in May, improving to 96.7, a modest month-over-month increase and a nearly three-year high. +

The percentage of borrowers more than 60 days past due on their auto loans increased by five basis points year-over-year to 1.38%, according to the latest quarterly report from TransUnion. +

Experian reports the average amount financed for a new vehicle purchase in Q1 was $41,720, with an average monthly payment of $745, up from $40,610 and $737 in the prior-year quarter. +

Protective’s Tim Blochowiak offers a playbook for dealers who want to protect their customers, create a competitive advantage in sales and service, and accelerate their wealth-building programs. +