StoneEagleDATA reports U.S. dealers made an average of $242,283 in total F&I income in the first quarter, an all-time record exceeding the post-COVID boom of 2021, despite generating fewer deals per rooftop. +
Plug’s new Trade Desk app was designed to help dealers accurately and efficiently determine the trade-in value of EVs produced by other manufacturers and generate market-rate wholesale offers. +
Jerry Seiner Auto Group has acquired Ocean Honda of San Juan Capistrano from Victory Automotive Group. The renamed Jerry Seiner Honda is the Utah group’s first California store. +
Cox Automotive and Kelley Blue Book report March was a good month for new vehicle affordability as sales surged, income growth improved and transaction prices and payments declined. +
Volkswagen will not raise U.S. new vehicle prices through at least the end of May, joining a group of manufacturers who have announced discounts and freezes as tariffs on imported vehicles take effect. +
Lotlinx’s latest VIN-based Quarterly Vincensus Report finds that, despite a March sales surge for new and used vehicles, aging inventory undermined profitability over the course of the first quarter. +
Director Fan Jin told attendees of this week’s J.D. Power Forum that U.S. car shoppers can now lease new Hyundais from Amazon Autos, which is stocked with inventory from dealer lots. +
A Gallup poll finds 51% of Americans own or are open to owning an EV, unchanged from a year ago and down from 59% in 2023. Only 11% say they already own one or are “seriously considering” it. +
The Cybertruck Long Range is a single-motor, rear-wheel drive version of the fully electric pickup that offers a bump in range and a long list of deleted features, starting at $71,985 with destination. +
Dealertrack (div. Cox Automotive)’s All-Loan Index improved to 96.4% in March, a 3.1% year-over-year gain and the highest level of auto loan access since December 2022. +
