The California New Car Dealers Association has officially demanded that Honda and its Sony Honda Mobility division stop collecting deposits for the Afeela 1 EV from California residents. +

The Cox Automotive/Moody’s Analytics Vehicle Affordability Index decreased by 1.6% in April after hitting a 45-month high in March. Analysts blame tariffs for rising prices and payments despite strong economic indicators. +

The Dealertrack Credit Availability Index fell from 96.3 in March to 95.7 in April, an 0.7% decrease driven by fewer loans extended to subprime buyers. +

Kelley Blue Book reports U.S. average transaction prices increased by 2.5% for new vehicles between March and April while Carfax finds used units enjoyed an unusually large “spring bounce.” +

U.S. and Chinese officials announced a 90-day pause on steep tariffs imposed upon each other’s exports, including vehicles and parts, in a sudden de-escalation that could lead to a long-term agreement. +

Carvana increased sales by 46% year-over-year in the first quarter, moving 133,898 units and generating $4.2 billion in revenue, both all-time quarterly records, following a similarly positive Q4 report. +

The United States and the United Kingdom have agreed to a new trade deal that will lower U.S. import taxes on up to 100,000 U.K.-built vehicles per year from 25% to 10%. +

More than 1,700 New Yorkers who bought out leases arranged at eight Nissan dealerships will get a share of a $3.2 million settlement the dealers reached with Attorney General Letitia James. +

Citing import tariffs, Ford has informed its U.S. dealers that MSRPs will increase by up to $2,000 per vehicle, effective May 2. The first affected units are expected to be delivered in June. +

A consumer has filed a lawsuit claiming General Motors was aware of a propulsion issue years before a recent recall of hundreds of thousands of vehicles equipped with the L87 V8 engine. +