vAuto data shows U.S. sales of pre-owned units were down 1.5% month-over-month in June, led by a double-digit decrease in CPO sales blamed in part on a “seasonal slowdown.” +
Cox Automotive analysts fear manufacturers and retailers are protecting consumers from the rising costs of new cars, creating an unsustainable dynamic as profitability concerns grow. +
Fullpath reports the majority of car buyers and lessees are comfortable with AI and a partial or fully online transaction, raising expectations for a seamless dealership experience. +
Amid shifting supply-side dynamics, the Manheim Used Vehicle Value Index increased by 6.3% year-over-year and 1.6% month-over-month in June. +
U.S. sales of new light duty vehicles slowed “considerably” in June after several months in which Americans rushed to lock in pre-tariff prices, according to the latest reports from Automotive News. +
The Presidio Group’s latest survey names Toyota the most desirable franchise and finds U.S. dealers remain upbeat about profitability and values despite growing concerns over tariffs. +
Cox Automotive reports the number of dealers offering a fully online transaction has doubled in the past two years, resulting in a more efficient process increasingly driven by AI-powered tools. +
Lexus and Nissan models lead J.D. Power’s latest Initial Quality Study as buyers of all brands express growing frustration with touchscreen-powered infotainment systems. +
Commercial vehicle buyers are becoming increasingly comfortable with the ChatGPT-style interfaces integrated into fleet management software, creating a new opportunity for forward-thinking dealers. +
VinFast has awarded its first California franchise to Sunroad Automotive Group, which plans to kick off operations at VinFast San Diego this month. +
