Kelley Blue Book reports trucks and SUVs are largely to blame for April’s average new-vehicle transaction price of $49,461, a 1.8% year-over-year increase. +
Vehicle history reports for pre-owned vehicles that were sold and solely serviced by the same dealership will now carry a “Carfax Homegrown” badge. +
Reuters reports U.S. sales of new hybrid vehicles have increased along with fuel prices since the start of the U.S.- and Israel-led war with Iran in late February. +
TransUnion’s latest report finds the superprime and subprime credit tiers are growing, thinning the “middle” tiers while pressure rises for nonprime borrowers. +
Automotive News reports sales of new Hondas improved on a year-over-year basis in April, offering a bright spot in a report dimmed by growing affordability concerns. +
Lotlinx’s Q1 2026 Vincensus Report finds new vehicle sales are down and inventories are up — along with prices, which climbed by 2% year-over-year and 3% from the prior quarter. +
The Federal Reserve board of governors voted 8-4 in favor of holding its target lending rate at 3.5% to 3.75%, where it has stood since December, in what was likely its last meeting led by chairman Jerome Powell. +
Multiple sources report Carvana has acquired Avon Lake (Ohio) Chrysler Dodge Jeep Ram from Elliot Schor and Scott Zuckerman, who owned the suburban Cleveland dealership for less than a year. +
Cox Automotive and Moody’s Analytics report higher incomes, steady interest rates and increased incentives offset a near-$50,000 average transaction price in March. +
Optimism is down and pessimism is up among U.S. franchised dealers — as well as manufacturers and suppliers — in Automotive News’s latest quarterly Auto Industry Confidence Index. +
