The U.S. new light-vehicle market saw a 12% gain in October, fueled by strong retail growth that helped offset a weaker commercial sales market. +
Dealers tell Automotive News they face new challenges as floorplan loan approvals decline under stricter lending conditions. +
AutoNation divested eight dealerships as part of a broader portfolio strategy shortly after a third quarter that the nation’s No. 1 auto retailer said led to a 24% drop in net income. +
Hybrid cars are currently the king of the lot in terms of holding their value, with used EVs coming in last behind gasoline-powered vehicles. +
A federal judge refused to dismiss a lawsuit alleging a Chicago dealership wrongly claimed bonus payments after misreporting sales to known resellers. +
A New York City Hyundai dealership accused a former employee of fraud and breach of fiduciary duty for allegedly accepting kickbacks from a product provider. +
Ineos Automotive grew its U.S. presence with four new partnerships with large, privately owned dealership groups. +
After experiencing record highs for more than two years, a cooling market will likely accelerate consolidation, according to a special Automotive News report. +
Asbury Automotive outlined internal processes as part of a formal denial of wrongdoing following accusations from the Federal Trade Commission of systematic payment packing. +
