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. +

Five of the Big 6 publicly traded dealer groups are generating at least $2,000 in F&I gross profit per vehicle retailed, according to the latest quarterly report from Automotive News. +

Carvana has acquired Jerry Seiner Chrysler Dodge Jeep Ram of Casa Grande, Ariz., marking the online retailer and dealer disruptor’s first foray into the new vehicle business. +

A memo sent to Nissan dealers and reviewed by Automotive News’s Urvaksh Karkaria suggests the automaker has launched an aggressive new tiered sales bonus program. +

Automotive News reports a group of Florida dealers has formally challenged Scout Motors’ plans to sell EVs directly to consumers, citing state law establishing the EV maker as a “common entity” with Volkswagen. +

Automotive News reports U.S. Hyundai, Kia and Mazda dealers enjoyed double-digit gains in new vehicle sales compared with January 2024 while Ford and Toyota suffered modest losses. +

Discounts of up to $2,630 for a 2024 Cybertruck tell a different tale than that predicted by Tesla executives when the fully electric pickup hit the market. Laurence Iliff offers expert analysis for Automotive News. +

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. +

EVs boosted overall sales for Toyota, Honda, Hyundai and Kia in November, helping push Toyota to a 4.8% year-over-year improvement after consecutive down months. +