Lithia has expanded is footprint in the Southeast with a series of dealership purchases over the past several weeks, adding a total of four franchised stores in Florida and Georgia. +
Kelley Blue Book reports the average transaction price for a U.S.-sold new vehicle exceeded $50,000 for the first time in September despite increased incentive spending. +
FullThrottle Technologies announced the launch of The Automotive DSP, a new, AI-powered platform designed to allow dealers to create and execute tierless marketing campaigns. +
In a post-tax credit world, CarEdge’s Justin Fischer believes the same EVs that sold themselves through government incentives are being sold just as effectively by family, friends and coworkers. +
TrueCar co-founder Scott Painter will return to the CEO position he left in 2015 after leading an effort to acquire the company in a $227 million deal with Fair Holdings Inc. +
Edmunds reports the average amount owed on upside-down car loans reached a new record of $6,905 in the third quarter as more new car buyers traded in vehicles burdened by negative equity. +
Despite tightening among captive finance companies, the Credit Availability Index was essentially flat on a month-to-month basis in September, ticking back up to July’s 98.1 mark after falling by 0.2% in August. +
Martin D’Amato has been sentenced to seven years in state prison for stealing $1.3 million from the New Jersey dealership where he served as internet director. +
Commercial vehicle dealers tell Equipment Finance News’s Quinn Donoghue that AI is moving the needle at their stores by helping their sales teams work smarter and faster. +
Ford has followed General Motors by unwinding a program intended to claim expiring $7,500 federal EV tax credits for future customers under pressure from U.S. Sen. Bernie Moreno. +
