Kelley Blue Book analysts say strong, steady incentive spending kept new vehicle prices in check in July, a month in which EV discounts soared to record highs ahead of significant changes to federal policy. +

Each of the six manufacturers reporting monthly U.S. sales to the Automotive News Data Center says volumes were up on a year-over-year basis in July, led by a 19.9% increase for Toyota. +

Abdel Alnubani announced the launch of DealerLytix, an AI-powered software suite designed to “outsmart the market” to give dealers and acquisition specialists a competitive edge. +

Lotlinx’s latest report finds U.S. dealers sold fewer EVs with more supplies in the second quarter as a market “fueled by affordability” steered price-conscious car buyers into gas and hybrid units. +

AutoCanada announced the sale of 13 of its 17 U.S. franchised dealerships to multiple unnamed purchasers in a series of deals worth more than $60 million. +

Len Short of Lotlinx lists five ways dealers are using predictive modeling, a core aspect of AI, to improve efficiency and make more accurate forecasts and data-driven decisions. +

Cox Automotive analysts fear manufacturers and retailers are protecting consumers from the rising costs of new cars, creating an unsustainable dynamic as profitability concerns grow. +

Lotlinx reports new vehicles in stock at U.S. dealerships carried over at a rate of 51% in May, a 3% increase over the same month a year ago, and days’ supply improved by five days to 64. +

Automotive News reports new vehicle sales improved for Ford, Hyundai and Kia and fell by double digits for Mazda in May, dropping the SAAR below 16 million as factories scaled back incentives. +

Cox Automotive’s Dealer Sentiment Index ticked downward as economic concerns outweighed strong customer traffic and sales, including a 10-point bump in in-person visits to franchised dealerships. +