The latest Presidio Group/NCM Associates report finds the average U.S. franchised dealer enjoyed a 27.1% year-over-year increase in net pretax profit in the second quarter. +
U.S. and Chinese officials announced a 90-day pause on steep tariffs imposed upon each other’s exports, including vehicles and parts, in a sudden de-escalation that could lead to a long-term agreement. +
President Donald Trump has signed an executive order offering some tariff relief for automakers, preserving a 25% levy on imported vehicles but offering offsets for the cost of imported parts. +
President Donald Trump has spared vehicle manufacturers and some auto part suppliers from sweeping new “reciprocal” tariffs announced today. Both remain subject to 25% tariffs announced in March. +
Executives at Lithia Motors and Sonic Automotive tell WardsAuto’s Jim Henry they are not satisfied with the gains in service and parts revenue they and their competitors reported in the fourth quarter. +
The proliferation of EVs, with their higher average repair costs and susceptibility to weather, appears to be contributing to growing parts and service revenue. +
