vAuto reports U.S. sales of all pre-owned vehicles increased by 5.6% to 1.57 million units year-over-year, but certified pre-owned sales were down 3.4% compared with February 2024. +
Registrations of new Teslas fell 11% year-over-year in January and lost 12 percentage points in U.S. market share. But the EV maker's stock value improved by 7.6%, partially offsetting a steep decline. +
President Donald Trump plans to purchase a Tesla in support of Elon Musk, the EV maker’s CEO and a senior White House advisor, in the face of protests, incidents of vandalism and a declining stock value. +
Automotive News’s annual dealer census finds U.S. retailers added 171 dealerships in 2024 but lost franchises as domestic manufacturers lost scores of stores while their import rivals gained ground. +
President Donald Trump has granted a one-month exemption to steep new tariffs on goods imported from Canada and Mexico for U.S. automakers, demanding a shift toward U.S. production in return. +
Automotive News reports Hyundai, Kia, Subaru and Mazda notched year-over-year U.S. new vehicle sales gains in February, including a fifth straight record month for Hyundai and Kia, led by the Genesis marque. +
The Presidio Group/NCM Associates year-end report finds F&I income per unit retailed increased slightly in 2024 while gross profit per new vehicle retailed fell by 33% to $2,247. +
The Conference Board’s U.S. Consumer Confidence Index fell seven points to 98.3 in February, driven by an underwhelming short-term outlook for income, business and employment prospects. +
Subaru, GM and Tesla top S&P Global Mobility’s latest Automotive Loyalty Awards rankings for dealer, manufacturer and make, respectively, as overall brand loyalty improves to 51.6%. +
DealNow’s Brad Parker urges DealerELITE readers frustrated by EV pricing and selection in the auction lanes to leverage emerging technology designed to connect dealers with private sellers. +
