U.S. new light-duty vehicle sales rose to 15.7 million in 2024, a 2.5% year-over-year increase driven by big gains among certain brands, marques and types and capped by a 4.1 million-unit fourth quarter. +
In a new lawsuit, the FTC and the attorney general of Maryland say the three-store Lindsay Automotive Group made millions by systematically overcharging customers. Executives denied the charges. +
Tesla sold 1.79 million EVs worldwide in 2024, down 1.1% from the prior year despite a fourth-quarter push that included offers of 0% financing and free charging. +
S&P Global forecasts a 41% year-over-year decline in leased vehicle returns in the first half of 2025. Experts say the low inventories and incentives of 36 months ago will likely affect supplies for at least a year. +
The Federal Trade Commission announced a recordbreaking settlement with AutoCanada over a slew of fraud charges the agency leveled against the dealer group’s 10 U.S. rooftops. +
The latest new-vehicle sales and finance reports from Cox Automotive show strong sales and credit availability as incentives offset higher prices to sustain affordability. +
Chairman Jerome Powell said interest rate reductions would slow next year while announcing an expected quarter-point cut to end 2024 with a target range of 4.25% to 4.5%. +
Decisive election results and falling interest rates pushed Cox Automotive’s Dealer Sentiment Index into positive territory as a tumultuous 2024 draws to a close. +
PCMI announced the addition of loyalty program management capabilities to its Policy Claim and Reporting Solutions platform to help dealers drive fixed ops revenue and retention. +
Ford Motor Co.’s U.S. dealers sold 166,373 new Fords and Lincolns in November, a 14.3% increase from the same month a year ago, the factory reported. +
