U.S. auto dealers remain confident in the market despite slowing profitability and traffic, expressing “cautious optimism” thanks to strong sales and low unemployment. +
Hyundai and Genesis dealers set new one-month records in August, a month that saw double-digit year-over-year gains for some factories and single-digit losses for others. +
The owner of New York’s Bul Auto Sales and Jacksonville’s Karma franchise has been arrested in Florida, where he faces charges of fraud and dealing in stolen property. +
Impel and RockED have launched the Automotive AI Certification Program and the Advanced Automotive AI Certification Program for dealership workers and managers. +
Drivesona founder Colin Carrasquillo is offering U.S. auto dealers an opportunity to join the car shopper-facing platform on a three-month trial basis. +
Experian’s Q2 auto finance report shows stability in loan amounts, monthly payments and delinquencies, belying a fight for auto finance market share that banks are now winning. +
J.D. Power’s latest Tech Experience Index Study finds smart ignition, climate control and driver preferences were among the favorite — and most reliable — features listed by surveyed new vehicle buyers. +
Automotive News’s latest quarterly report shows Sonic Automotive leading the “Big 6” publicly traded dealership groups with an average of $2,718 in F&I gross profit per vehicle. +
Urban Science’s mid-year dealership and franchise count finds Texas leading a small group of states adding rooftops in a largely flat market marked by lower per-store sales. +
The California New Car Dealers Association is suing to prevent further collections of deposits for the upcoming Afeela 1 EV, which the factory plans to sell directly to consumers. +
