Tesla delivered 497,099 units to U.S. buyers and lessees in Q3, setting a single-quarter record as the clock ran out on the $7,500 federal EV tax credit. +
Toyota, Hyundai and Ford lead in year-over-year gains in Automotive News’s Q3 and September sales reports, which show a boom for electrified units and welcome news for Stellantis dealers. +
Automotive News reports Ford and General Motors have been working with dealers to secure an unknown number of $7,500 federal tax credits for EV shoppers before they expire. +
Representatives of major trade associations tell Automotive News a study that found evidence of discriminatory auto lending practices relies on flawed methodology and incomplete data. +
Hyundai and Genesis dealers set new one-month records in August, a month that saw double-digit year-over-year gains for some factories and single-digit losses for others. +
Automotive News’s latest quarterly report shows Sonic Automotive leading the “Big 6” publicly traded dealership groups with an average of $2,718 in F&I gross profit per vehicle. +
The results of Automotive News’s inaugural Auto Industry Confidence Index survey show U.S. franchised dealers were less optimistic about the industry’s prospects in July than they were in June. +
A unanimous state supreme court decision finds NJ CAR lacks standing to sue Ford Motor Co. for alleged violations of New Jersey franchise laws relating to the Lincoln Commitment program. +
Automotive News has released its latest annual list of the U.S. auto groups producing the most F&I revenue per vehicle and by rooftop, including the biggest risers and fallers from 2024. +
Each of the six manufacturers reporting monthly U.S. sales to the Automotive News Data Center says volumes were up on a year-over-year basis in July, led by a 19.9% increase for Toyota. +
