The latest quarterly report from Edmunds finds car buyers set new records for $1,000-plus monthly payments, 84-month terms and average amount financed, all on smaller down payments. +
A GMC Sierra owner claims the recall affecting nearly 600,000 Chevrolet, GMC and Cadillac trucks and SUVs will not resolve an issue that could cause sudden loss of propulsion. +
The Presidio Group’s latest survey names Toyota the most desirable franchise and finds U.S. dealers remain upbeat about profitability and values despite growing concerns over tariffs. +
Asbury Automotive has sold its Larry H. Miller Ford, Chevrolet and CJDR stores in Provo, Utah, to Salt Lake Valley Auto Group, adding to its divestiture of the group it acquired in 2021. +
Cox Automotive reports the number of dealers offering a fully online transaction has doubled in the past two years, resulting in a more efficient process increasingly driven by AI-powered tools. +
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. +
A headline-making executive order creates an opportunity to reinforce the dealership’s commitment to fair and equal treatment. Attorney and Mosaic Compliance Services CEO Jim Ganther has a three-part plan.
The Consumer Confidence Index fell 5.4 points in June, led by a plummeting Expectations Index, which remains below the threshold said to “typically signal” an oncoming recession. +
A lawsuit that may qualify as a class action has been leveled by one customer of Branhaven CJDR of Branford, Conn., who claims security failures led to the theft of his personal data. +
Ford is working with dealers to contact the owners of 2,345 pickups that should not be driven until an inspector or technician can check their brake pedal assemblies for missing springs. +
