Sheriff’s detectives donned polo shirts borrowed from Linus Cadillac Buick GMC to catch a man accused of fraud for attempting to acquire a $75,000 SUV with a stolen ID. +
Sonic Automotive has become the nation’s largest-volume Jaguar Land Rover retailer with the acquisition of four California dealerships from US Auto Trust. +
U.S. sales of new light duty vehicles slowed “considerably” in June after several months in which Americans rushed to lock in pre-tariff prices, according to the latest reports from Automotive News. +
Asbury Automotive has sold its Larry H. Miller Ford, Chevrolet and CJDR stores in Provo, Utah, to Salt Lake Valley Auto Group, adding to its divestiture of the group it acquired in 2021. +
Cox Automotive reports the number of dealers offering a fully online transaction has doubled in the past two years, resulting in a more efficient process increasingly driven by AI-powered tools. +
A lawsuit that may qualify as a class action has been leveled by one customer of Branhaven CJDR of Branford, Conn., who claims security failures led to the theft of his personal data. +
The Federal Reserve maintained its 4.25% to 4.5% target rate for a fourth consecutive meeting, but the board remains committed to making two quarter-point cuts or one half-point cut by year’s end. +
A memo sent to Mitsubishi dealers and reviewed by Reuters indicates the Tokyo-based factory will raise prices of new units sold in the United States by an average of 2.1% in response to new tariffs. +
Automotive News reports automakers eager to adopt a direct sales model in European markets have abandoned those plans as obstacles — including dealer opposition — have proven insurmountable. +
Arra Finance has agreed to acquire Crescent Bank’s automotive division, quadrupling origination volume and adding about 180 employees, $1 billion in assets and $815 million in existing auto loans. +
