Coughlin Automotive has acquired Bob Chapman Ford of Marysville, Ohio, from fourth-generation owner Joe Chapman, adding the state’s first Ford dealership to its growing network. +
Wolters Kluwer’s Digital Transformation Index shows econtracting adoption increased by just over 7% from the prior quarter and is up by more than 116% over the past four years. +
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. +
Alliance for Automotive Innovation’s John Bozzella says the One Big Beautiful Bill Act’s unexpectedly rapid phaseout of the federal EV tax credit will slow adoption and hurt consumers. +
Dealertrack’s Credit Availability Index ticked up again in June, reaching 97.3 after rising to 96.5 in May, driven by an approval rate that improved by 70 basis points month-over-month. +