New York’s Mangino family announced the sale of their Albany-area Chevrolet and Buick GMC stores to Georgica Auto Holdings after nearly 50 years in business. +
Alliance for Automotive Innovation officials are urging Congress to permanently ban Chinese vehicles and components before the legislative session ends. +
The end of the Tesla Cybertruck follows a trend toward low sales and multibillion-dollar write-downs for an ill-fated category. Business Insider’s Ben Shimkus reports. +
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. +
Automotive News reports U.S. new vehicle sales improved for the second straight month, building on momentum gained in September and fueled by hybrids and EVs. +
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. +
Ignited Services has partnered with FlexPath DXP to create a new tool that sends car shoppers to personalized, affordability-focused landing pages. +
