Waning dealership profitability could have a cooling effect on a dealer M&A market that was red-hot in 2024. Alysha Webb talks with experts and offers her latest forecast for Auto Remarketing. +
Edmunds’s latest auto finance report finds average monthly payments passed the $750 mark in the fourth quarter, corresponding with an average amount financed in excess of $42,000. +
Chase Auto has named 25-year industry veteran Leslie Wims-Morris as CEO, replacing Peter Muriungi, who will take on the same role at Chase Connected Commerce. +
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. +
Tesla sold 1.79 million EVs worldwide in 2024, down 1.1% from the prior year despite a fourth-quarter push that included offers of 0% financing and free charging. +
Honda, Nissan and Mitsubishi have entered discussions that could lead to a three-way merger that would form the world’s third-largest automaker. A new U.S. president could complicate the deal. +
The Commerce Department reports the U.S. real gross domestic product increased 3.1% year-over-year in the third quarter, with retail trade serving as the lead contributor in 39 states. +
NHTSA reports 20,484 Ford Escape and Lincoln Corsair hybrid SUVs may be at risk of a short circuit that could cause battery failure, sudden loss of drive power and increased fire risk. +
