Reynolds and Reynolds reports sales retention ticked up to nearly 44% in 2024 despite the fact that 24 of 38 brands saw a decrease in repeat buyers, including one that finished in the single digits. +
Lexus and Buick lead all brands in J.D. Power’s latest 3-year dependability study, which finds U.S. car buyers are more frequently encountering issues relating to software and connectivity. +
Volvo moved 50,820 new units worldwide in January, a 5% year-over-year decline offset by a 17% improvement in sales of EVs and plug-in hybrids. +
Automotive News reports U.S. Hyundai, Kia and Mazda dealers enjoyed double-digit gains in new vehicle sales compared with January 2024 while Ford and Toyota suffered modest losses. +
President Donald Trump levied new tariffs of 25% on goods imported from Canada and Mexico and 10% on imports from China with no exemptions for vehicles or auto parts. +
U.S. new light-duty vehicle sales rose to 15.7 million in 2024, a 2.5% year-over-year increase driven by big gains among certain brands, marques and types and capped by a 4.1 million-unit fourth quarter. +
The Nissan Titan, Ford Edge and Chevrolet Camaro are among the highest-profile and longest-serving models that have ceased production or won’t last past the 2025 model year. +
The latest new-vehicle sales and finance reports from Cox Automotive show strong sales and credit availability as incentives offset higher prices to sustain affordability. +
EVs boosted overall sales for Toyota, Honda, Hyundai and Kia in November, helping push Toyota to a 4.8% year-over-year improvement after consecutive down months. +
Kerrigan Advisors facilitated the sale of the family-owned Cowboy Toyota to the family-owned CAR Group. +
