Subaru announced plans to form a new captive finance company that will offer loans, leases and floorplan financing to U.S. and Canadian dealers. The factory will extend partnerships with Chase and Toyota to facilitate the transition. +
Automotive News’s July sales report finds limited inventories have “hamstrung” U.S. Toyota dealers while competitors get a boost from strong hybrid demand. +
The latest quarterly VIN-based inventory report from Lotlinx finds rebounding sales driven by new launches but offset by persistently aged inventory. +
Subaru leads all manufacturers with an 18% year-over-year increase in a report full of double-digit sales gains driven largely by demand for hybrids. +
Sales of new Mazdas and Subarus improved by 35% and 10% year-over-year in May, leading all U.S.-facing factories as fleets helped offset flat retail sales. +
Automotive News reports sales of new Hondas improved on a year-over-year basis in April, offering a bright spot in a report dimmed by growing affordability concerns. +
Factories sharing new vehicle sales reports with the Automotive News Data Center suffered a roughly 5% drop in total volume in the first quarter, driven in large part by a double-digit decline in March. +
MINI leads all mass market brands and Porsche remains the overall leader in dealership service customer satisfaction in JD Power’s latest report, which finds room for improvement in several key metrics. +
Volvo dealers sold 41.7% fewer new units on a year-over-year basis last month, contributing to a nearly 4% overall decline offset by increased sales for Hyundai, Toyota and Honda. +
Winter storms couldn’t stop U.S. Hyundai and Kia dealers from setting new January records in a month marked by appreciable gains driven by premium-division sales. +
