The Presidio Group/NCM Associates year-end report finds F&I income per unit retailed increased slightly in 2024 while gross profit per new vehicle retailed fell by 33% to $2,247. +
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. +
The Conference Board’s U.S. Consumer Confidence Index fell seven points to 98.3 in February, driven by an underwhelming short-term outlook for income, business and employment prospects. +
Citing plateauing sales and the imminent loss of federal tax credits, dealers tell the New York Post that Gov. Kathy Hochul’s goal of a zero-emissions new vehicle market by 2035 is “an unrealistic bust.” +
Former dealer and newly elected U.S. Sen. Bernie Moreno’s Transportation Freedom Act would revise and standardize fuel economy standards and offer tax savings to domestic manufacturers. +
InformedIQ.com’s Jessica Gonzalez says a recent U.S. Treasury report proves artificial intelligence is changing the auto finance industry in several ways, enhancing efficiency as well as risk. +
The 2025 U.S. Electric Vehicle Experience Ownership Study finds battery electric vehicle buyers are increasingly satisfied with their purchases and 94% say they would buy another one. +
Few of the leading economists surveyed by Wolters Kluwer expect the Federal Reserve to announce an interest rate cut at its March meeting as inflation shows few signs of abating in 2025. +
Executives at Lithia Motors and Sonic Automotive tell WardsAuto’s Jim Henry they are not satisfied with the gains in service and parts revenue they and their competitors reported in the fourth quarter. +
NHTSA reports the risk of improperly secured seat belt anchor bolts and retractor bolts has led to a recall of 240,510 2020-’21 Ford Explorers and Lincoln Navigators. +
