Lotlinx’s Q4 Quarterly Vincensus Report finds sales of hybrid vehicles increased by 23% between the third and fourth quarter of 2024, accounting for 22% of all U.S. new vehicle sales. +
Herb Chambers has sold his network of Massachusetts and Rhode Island dealerships and collision centers to Asbury Automotive Group in a blockbuster, $1.34 billion deal that puts Asbury in the New England market for the first time. +
Cox Automotive announced U.S. franchised and independent dealers sold 1.4 million used vehicles in January, an 8% year-over-year improvement, as days’ supply ticked down to start the month. +
A Protective Asset Protection survey found that 57% of U.S. dealers said at least half their customers bought F&I products online last year and 60% believe offering those products online improved sales. +
Reynolds and Reynolds reports sales retention ticked up to nearly 44% in 2024 despite the fact that 24 of 38 brands saw a decrease in repeat buyers, including one that finished in the single digits. +
The South Carolina Consumer Freedom Act has stalled following a subcommittee hearing, a setback for Scout Motors’ campaign to sell directly to consumers in the state where its EVs will be built. +
Honda and Nissan announced they will not merge, ending a proposed deal that would have created the world’s No. 3 carmaker and helped the companies compete against emerging Chinese rivals. +
SubPrime’s Nick Zulovich reports on the latest developments as federal regulators that govern auto retail and finance are reshaped and reformed under a second Trump administration. +
NADA analysts say U.S. dealers were on track to sell 15.6 million new units in 2025 at the end of January, a fifth straight year-over-year increase but a minor letdown following a strong December. +
The State reports that, barring the passage of a proposed bill, residents of the state where Scout Motors EVs are built will have to travel to Tennessee, Kentucky, Virginia or Florida to buy one. +
