Carvana has added Park Cities Chrysler Dodge Jeep Ram to its growing franchised dealership footprint, bringing increased access to trade-in units as well as new risks for investors. +

Cox Automotive analysts say the average price of a pre-owned vehicle purchased from a U.S. dealer ticked down to $25,393 in August as sales improved amid a strong showing for CPO units. +

Americans spent an average of $49,077 to buy a new vehicle in August as KBB analysts report the biggest year-over-year price hike since 2023, driven by new models and strong EV sales. +

U.S. auto dealers remain confident in the market despite slowing profitability and traffic, expressing “cautious optimism” thanks to strong sales and low unemployment. +

Kelley Blue Book analysts say strong, steady incentive spending kept new vehicle prices in check in July, a month in which EV discounts soared to record highs ahead of significant changes to federal policy. +

Strong July sales reports were matched by a third consecutive month of improved credit access, according to Dealertrack’s latest Credit Availability Index, which climbed to 98.1. +

Each of the six manufacturers reporting monthly U.S. sales to the Automotive News Data Center says volumes were up on a year-over-year basis in July, led by a 19.9% increase for Toyota. +

vAuto data shows U.S. sales of pre-owned units were down 1.5% month-over-month in June, led by a double-digit decrease in CPO sales blamed in part on a “seasonal slowdown.” +

Cox Automotive analysts fear manufacturers and retailers are protecting consumers from the rising costs of new cars, creating an unsustainable dynamic as profitability concerns grow. +

Dealertrack’s Credit Availability Index ticked up again in June, reaching 97.3 after rising to 96.5 in May, driven by an approval rate that improved by 70 basis points month-over-month. +