Spectrum Automotive Holdings has successfully petitioned the National Days Archive to establish a National Automotive Industry Day, to be celebrated every Oct. 1. +
The nation’s No. 1 auto retailer has acquired Fletcher Jones Automotive’s Chicago Audi and Mercedes-Benz stores, shrinking the upmarket group’s footprint to 13 West Coast stores. +
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. +
Gov. Gavin Newsom is expected to sign the California Combating Auto Retail Scams Act, which was modeled in part after an FTC initiative that stalled in a federal appeals court in January. +
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. +
Ken Ganley Automotive has acquired Lexus of Cleveland and Lexus of Akron-Canton from Ascent Automotive, adding its first Lexus franchises within miles of its Northeast Ohio headquarters. +
Valerie Drewlow, the former office manager at Greeley (Colo.) Nissan and Greeley Volkswagen, was arrested and faces charges of stealing $182,815 from the dealerships. +
Protective Asset Protection has launched an AI-fueled expansion to its Protective Training Institute, including the integration of Anomaly Labs’ AutoTrainer coaching and roleplaying tool. +
A new Carleton survey of 2,000 U.S. lending, bank, auto finance and fintech professionals finds the majority experience loan payment discrepancies on a weekly or monthly basis. +
Hyundai and Genesis dealers set new one-month records in August, a month that saw double-digit year-over-year gains for some factories and single-digit losses for others. +
