Automotive News reports U.S. new vehicle sales improved for the second straight month, building on momentum gained in September and fueled by hybrids and EVs. +
Lithia Motors has expanded its presence in the Memphis market with the purchase of four dealerships from Tennessee’s largest privately held group. +
Experts say a near-$4,000 gap between first and last list price proves dealers should treat unsold new vehicles less like products and more like investments. +
The DCWP says CarGurus has deceived consumers by hiding hundreds or thousands of dollars in mandatory fees, down payments and trade-in requirements. +
Penske Automotive Group has entered into a definitive merger agreement to be taken private by its two largest shareholders, Penske Corp. and Mitsui & Co., which will own 64% and 36% of the company, respectively. +
Tim Michael and his family-owned group plan to carry forward Larry Cloninger’s "Just Better" mantra as the new owners of his Ford, Honda and Toyota dealerships. +
Toyota is among the stars of JD Power’s latest brand loyalty study, which gives four out of the five highest-ranking marques a retention rate in the 60% range. +
Wholesale values fell sharply in the third quarter, forcing Cox Automotive to dramatically revise its year-end forecast from a 2% gain to just 0.2%. +
Joining the Mopar Service Gateway adds vehicle data, service appointments and diagnostic information to myKaarma dealership workflows. +
Mazda, Honda and Subaru lead the pack as a strong September helps dealers avoid a weak third quarter for new car and light truck sales. +
