U.S. new-vehicle sales reported to Automotive News showed multiple double-digit gains and few losses in March as new tariffs set to go into effect starting April 3 are expected to raise prices. +
The “Big 6” publicly traded U.S. auto dealer groups are growing in size, sales and profitability as they hold onto the top positions in Automotive News’s annual ranking of the Top 150 Dealership Groups. +
Hyundai Motor America has been ordered to pay a multimillion-dollar award to Universal Hyundai of Orlando, Fla., for breaching Universal’s franchise agreement as well as Florida’s Dealer Act. +
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. +
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. +
Five of the Big 6 publicly traded dealer groups are generating at least $2,000 in F&I gross profit per vehicle retailed, according to the latest quarterly report from Automotive News. +
Carvana has acquired Jerry Seiner Chrysler Dodge Jeep Ram of Casa Grande, Ariz., marking the online retailer and dealer disruptor’s first foray into the new vehicle business. +
A memo sent to Nissan dealers and reviewed by Automotive News’s Urvaksh Karkaria suggests the automaker has launched an aggressive new tiered sales bonus program. +
Automotive News reports a group of Florida dealers has formally challenged Scout Motors’ plans to sell EVs directly to consumers, citing state law establishing the EV maker as a “common entity” with Volkswagen. +
Automotive News reports U.S. Hyundai, Kia and Mazda dealers enjoyed double-digit gains in new vehicle sales compared with January 2024 while Ford and Toyota suffered modest losses. +
