Executives say increased financing options with familiar partners will help Amazon-partnered Hyundai dealers reach more used car buyers and sell more F&I products. +
Tesla delivered 497,099 units to U.S. buyers and lessees in Q3, setting a single-quarter record as the clock ran out on the $7,500 federal EV tax credit. +
Edmunds’s Q3 auto finance report shows the average down payment for a new vehicle fell to $6,020 while $1,000-plus monthly payments, loan terms and interest rates remain high. +
Carvana has added Park Cities Chrysler Dodge Jeep Ram to its growing franchised dealership footprint, bringing increased access to trade-in units as well as new risks for investors. +
Americans spent an average of $49,077 to buy a new vehicle in August as KBB analysts report the biggest year-over-year price hike since 2023, driven by new models and strong EV sales. +
U.S. auto dealers remain confident in the market despite slowing profitability and traffic, expressing “cautious optimism” thanks to strong sales and low unemployment. +
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. +
The results of Automotive News’s inaugural Auto Industry Confidence Index survey show U.S. franchised dealers were less optimistic about the industry’s prospects in July than they were in June. +
Kelley Blue Book analysts say strong, steady incentive spending kept new vehicle prices in check in July, a month in which EV discounts soared to record highs ahead of significant changes to federal policy. +
Each of the six manufacturers reporting monthly U.S. sales to the Automotive News Data Center says volumes were up on a year-over-year basis in July, led by a 19.9% increase for Toyota. +
