Volvo Car Financial Services now offers auto, home and personal insurance coverage through Volvo Car Insurance Services, a new, independent insurance agency. +
The latest benchmark report from StoneEagleDATA finds U.S. dealers enjoyed a 10% increase in F&I income in July as deal count volume rebounded from a relatively slow 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. +
Mark Janbakhsh faces a maximum sentence of 30 years in federal prison after being convicted in a bank fraud conspiracy involving his brother, inflated inventory and unearned lines of credit. +
Presidio Group analysts say U.S. dealership buy-sell activity was roughly on par with last year for the first two quarters of 2025, but blockbuster deals could portend a busier second half. +
Kelley Blue Book analysts say strong, steady incentive spending kept new vehicle prices in check in July, a month in which EV discounts soared to record highs ahead of significant changes to federal policy. +
Group 1 Automotive has acquired a Mercedes-Benz dealership located in an uptown Atlanta neighborhood known for its high-rise office and condo towers and wealthy residents. +
Tesla is allowed to sell its EVs directly to consumers in Ohio, but its competitor, Rivian, is not. The latter is suing to end the state's ban on DTC sales and its rival’s carveout. +
Tesla CEO Elon Musk’s role in the 2024 election and second Trump administration coincides with a brand loyalty rate that plummeted from 73% to 49.9% in less than a year. +
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. +
