Discounts of up to $2,630 for a 2024 Cybertruck tell a different tale than that predicted by Tesla executives when the fully electric pickup hit the market. Laurence Iliff offers expert analysis for Automotive News. +
Kelley Blue Book analysts say Americans spent an average of $49,740 on their new vehicle purchases in December, threatening a record set during peak pandemic-era inventory shortages. +
Conecta founder Andrés Huertas believes listening to dealers can help auto finance sources reduce their second-biggest business expense. Auto Fin Journal has the exclusive. +
Westlake Financial announced the launch of a new program that will allow some car buyers seeking financing to make their down payment using Bitcoin and avoid taxes incurred from its sale. +
The Tesla Model 3 moved up in iSeeCars’ annual rankings of the nation’s best selling used vehicles, but pickups and SUVs continued to lead the market in 2024. +
Polly will unveil Professional Insurance Platform, the latest iteration of its dealership customer-facing auto insurance solution, at 2025 NADA Show. +
Edmunds’s latest auto finance report finds average monthly payments passed the $750 mark in the fourth quarter, corresponding with an average amount financed in excess of $42,000. +
Chase Auto has named 25-year industry veteran Leslie Wims-Morris as CEO, replacing Peter Muriungi, who will take on the same role at Chase Connected Commerce. +
U.S. new light-duty vehicle sales rose to 15.7 million in 2024, a 2.5% year-over-year increase driven by big gains among certain brands, marques and types and capped by a 4.1 million-unit fourth quarter. +
In a new lawsuit, the FTC and the attorney general of Maryland say the three-store Lindsay Automotive Group made millions by systematically overcharging customers. Executives denied the charges. +
