VicOne’s latest annual report finds cyberattacks cost the global automotive industry $22.5 billion last year — including $20 billion in data leakage — up from about $1 billion in 2022. +
President Donald Trump announced increased tariffs on new vehicles and some parts imported for sale into the United States, effective April 3, a move experts say will raise prices and reduce sales and production. +
Autotrader editors say they were “pleasantly surprised” to add Volkswagen’s fully electric ID. Buzz minivan to their Best New Cars of 2025 list, which highlights 10 models available for less than $110,000. +
Interactive EQ’s new, AI-powered Auto IEQ talent assessment platform was designed to help recruiters, HR teams and hiring managers measure “soft skills” and evaluate personnel. +
A Foureyes analysis of more than 1 billion visits to more than 22,500 dealership websites found 43.2% of all sales leads were mishandled in 2024, including nearly 48% of all website-originated calls.+
Auto Dealership Partners has won an $18 million judgment against Ford Motor Co. after accusing the factory of engaging in “deceit and fraud” by blocking the purchase of a Benton, Ark., franchise. +
Edmunds analysts tell Reuters that Tesla vehicles accounted for 1.4% of all vehicles traded in at U.S. dealerships from Jan. 1 to March 15, up a full percentage point from March of 2024, as the EV maker faces declining sales and stock values. +
Shortly following a multimillion-dollar penalty leveled by the FTC, AutoCanada Inc. is actively seeking a buyer for its 10 Illinois dealerships and hopes to close the deal by the end of 2025. +
CDK has launched a new solution designed to offer dealers operating one or two rooftops a scalable sales and fixed ops software suite that leverages the CDK Dealership Xperience platform. +
Citing low unemployment and “solid” market conditions, the Federal Reserve Board held firm to its 4.25% to 4.5% target lending rate, extending a pause that began in January following a series of quarter-point cuts. +
