Tesla CEO Elon Musk says the EV maker will return deposits to “a lot of people” who reserved a Cybertruck as production capacity gives way to the Cybercab. +
A new partnership adds Turn Automotive’s AI-powered appraisal and condition reports to DealNow’s dealer-facing private inventory acquisition platform. +
The latest Presidio-NCM benchmark report finds average F&I income is within $3 of gross profit per new vehicle retailed, which declined for the fifth straight quarter. +
Volkswagen’s signature zero-down lease program is conspicuously absent from the factory’s list of end-of-year promotions available to U.S. dealers. +
eContracting continues to gain in popularity, growing 61% since Q3 2022. But Wolters Kluwer analysts say slower sales forced a setback from the prior quarter. +
Regulators allege General Motors tracked millions of drivers, then sold their behavior and location data to insurers. The factory must now train dealers on consent. +
Lithia Motors has expanded its presence in the Memphis market with the purchase of four dealerships from Tennessee’s largest privately held group. +
In a move likely to draw the ire of President Trump, inflation concerns compelled the Federal Reserve to hold its target rate at 3.75% to 4% following September’s quarter-point hike — and two members voted to raise it again. +
Experts say a near-$4,000 gap between first and last list price proves dealers should treat unsold new vehicles less like products and more like investments. +
Executives say DriveCentric dealers can use Data Axle to refresh outdated and fragmented records and uncover dormant sales and service opportunities. +
