Automotive News reports Hyundai, Kia, Subaru and Mazda notched year-over-year U.S. new vehicle sales gains in February, including a fifth straight record month for Hyundai and Kia, led by the Genesis marque. +
The Presidio Group/NCM Associates year-end report finds F&I income per unit retailed increased slightly in 2024 while gross profit per new vehicle retailed fell by 33% to $2,247. +
The Conference Board’s U.S. Consumer Confidence Index fell seven points to 98.3 in February, driven by an underwhelming short-term outlook for income, business and employment prospects. +
Subaru, GM and Tesla top S&P Global Mobility’s latest Automotive Loyalty Awards rankings for dealer, manufacturer and make, respectively, as overall brand loyalty improves to 51.6%. +
DealNow’s Brad Parker urges DealerELITE readers frustrated by EV pricing and selection in the auction lanes to leverage emerging technology designed to connect dealers with private sellers. +
Citing plateauing sales and the imminent loss of federal tax credits, dealers tell the New York Post that Gov. Kathy Hochul’s goal of a zero-emissions new vehicle market by 2035 is “an unrealistic bust.” +
Former dealer and newly elected U.S. Sen. Bernie Moreno’s Transportation Freedom Act would revise and standardize fuel economy standards and offer tax savings to domestic manufacturers. +
The 2025 U.S. Electric Vehicle Experience Ownership Study finds battery electric vehicle buyers are increasingly satisfied with their purchases and 94% say they would buy another one. +
Carvana’s stock fell by double digits on consecutive days following glowingly positive Q4 reports. Investor’s Business Daily’s Aparna Narayanan explains how a corresponding call for funding spooked the market. +
Lotlinx’s Q4 Quarterly Vincensus Report finds sales of hybrid vehicles increased by 23% between the third and fourth quarter of 2024, accounting for 22% of all U.S. new vehicle sales. +
