Volvo dealers sold 41.7% fewer new units on a year-over-year basis last month, contributing to a nearly 4% overall decline offset by increased sales for Hyundai, Toyota and Honda. +
Ohio’s Midwestern Auto Group and its 14 mostly premium and luxury franchises have been acquired by the Jeff Wyler Automotive Family in a “historic” deal brokered by Dave Cantin Group. +
Automotive News’s latest U.S. new-vehicle sales report shows slowing EV sales in the wake of an expired federal tax credit, offset by steady demand for trucks and hybrids. +
Hudson Automotive Group has acquired all 15 Baton Rouge, La.-area All Star Automotive dealerships, which collectively account for 17% of the market’s new vehicle sales. +
Volvo Car Financial Services now offers auto, home and personal insurance coverage through Volvo Car Insurance Services, a new, independent insurance agency. +
Lexus and Nissan models lead J.D. Power’s latest Initial Quality Study as buyers of all brands express growing frustration with touchscreen-powered infotainment systems. +
Automotive News reports automakers eager to adopt a direct sales model in European markets have abandoned those plans as obstacles — including dealer opposition — have proven insurmountable. +
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. +
All seven manufacturers and 11 brands reporting new vehicle sales to Automotive News enjoyed year-over-year increases as Americans took advantage of incentives and rushed to beat expected price hikes. +
Kelley Blue Book reports U.S. sales of new EVs increased by 10% in the first quarter, led in part by 30,000 units moved by General Motors dealers, while sales of market leader Tesla slipped. +
