Automotive News reports a group of Florida dealers has formally challenged Scout Motors’ plans to sell EVs directly to consumers, citing state law establishing the EV maker as a “common entity” with Volkswagen. +
Automotive News reports U.S. Hyundai, Kia and Mazda dealers enjoyed double-digit gains in new vehicle sales compared with January 2024 while Ford and Toyota suffered modest losses. +
Edmunds editors put 50,000 miles on more than 300 U.S.-sold vehicles to determine which cars, trucks and SUVs they would tell their friends and family members to buy. +
In a survey of 3,900 U.S. franchised dealers, Presidio Group analysts found gross profit per vehicle fell in 2024 while new vehicle sales, F&I income and total revenue improved. +
Cox Automotive’s latest Car Buyer Journey Study finds 75% of all new vehicle buyers and 82% of new EV buyers were “highly satisfied” in 2024. Analysts largely attribute the record highs to new technology. +
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. +
U.S. new light-duty vehicle sales rose to 15.7 million in 2024, a 2.5% year-over-year increase driven by big gains among certain brands, marques and types and capped by a 4.1 million-unit fourth quarter. +
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. +
The Nissan Titan, Ford Edge and Chevrolet Camaro are among the highest-profile and longest-serving models that have ceased production or won’t last past the 2025 model year. +
The latest new-vehicle sales and finance reports from Cox Automotive show strong sales and credit availability as incentives offset higher prices to sustain affordability. +
