Lotlinx reports new vehicles in stock at U.S. dealerships carried over at a rate of 51% in May, a 3% increase over the same month a year ago, and days’ supply improved by five days to 64. +
Lotlinx’s Len Short digs beneath the headlines to review a litany of first quarter auto retail and finance reports and distill them into four key points in his latest contribution to DealerELITE. +
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.” +
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. +
DAS Technology’s Tariff Toolkit is a free marketing and communications guide for dealers seeking a competitive advantage as new tariffs on imported vehicles create a sense of confusion and urgency. +
The FTC announced checks totaling more than $934,000 have been sent to 20,361 Vroom customers harmed by violations of rules and regulations intended to protect used car buyers.+
vAuto reports U.S. sales of all pre-owned vehicles increased by 5.6% to 1.57 million units year-over-year, but certified pre-owned sales were down 3.4% compared with February 2024. +
DealNow.com’s Brad Parker says platforms that connect dealers with sellers of privately owned vehicles need built-in identity verification and fraud prevention tools to avoid costly mistakes. +
Germain Toyota’s Wendell Hardy tells WardsAuto’s Alysha Webb the secret to mining the service drive is to “keep it simple” by training, setting attainable goals and making every customer an attractive offer. +
Experian reports the average amount financed in a U.S. new vehicle transaction was $41,572 in the fourth quarter, a 2.6% increase, but with a slightly lower average monthly payment of $600. +
