IHS: EV Sales, Loyalty Reach Record Highs
U.S. sales of all-electric vehicles more than doubled in 2018, a year in which EV buyer and lessee loyalty increased to 55%.
U.S. sales of all-electric vehicles more than doubled in 2018, a year in which EV buyer and lessee loyalty increased to 55%.
Lamborghini has launched a new certified pre-owned program in the U.S. and other markets, promising carefully maintained and thoroughly inspected and road-tested units to discerning used-car buyers.
Dent Wizard has introduced Evolution, a rebranded F&I division dedicated to continued innovation in vehicle protection products and a high standard for customer service.
Bernie Moreno has sold all but two of his auto dealerships to Canada’s Rafih group in an effort to devote himself more fully to his blockchain technology firm and its recently unveiled CHAMPtitles solution.
Black Book and Fitch Ratings’ annual used-vehicle depreciation and auto ABS report predicts a 15% depreciation rate for U.S.-registered vehicles, up from 12.4% in 2018.
Autotrader has released a list of 12 2019-MY vehicles that offer the latest in design, technology, and features and are available to U.S. buyers for $75,000 or less.
Approval rates on Swapalease’s online marketplace were up 4.8% in March, registering a 70.7% approval rate, the highest since October.
Manheim executives cut the ribbon on a new, $4.8 million reconditioning center at the company’s second largest wholesale auction location.
National Automotive Experts and NWAN announced the launch of Extreme Powersports, a new service contract program for motorcycles, scooters, ATVs, personal watercraft, and more.
Black Book’s Used Vehicle Retention Index slipped again in March but showed a 1.7% year-over-year gain heading into April, when analysts expect the spring selling season to begin in earnest.
Edmunds says the average APR for a U.S. new-vehicle loan was 6.36% in March, putting dealers and consumers on the cusp of a ‘dramatic shift’ toward the used-car market.
U.S. franchised auto dealers paid over $66 billion to more than 1 million workers in 2018, a 1.9% year-over-year increase that pushed the average employee’s pay to $1,134 per week.
Fiat Chrysler has settled a lawsuit brought by seven dealers who leveled charges of antitrust violations and breach of contract in federal court, claiming the factory and competing dealerships conspired to falsify new-vehicle sales reports.
The IRS’s new withholding guidelines have reduced the average American’s federal tax refund to $3,140. What kind of used car can your next customer buy with that money? Autotrader’s Chris O’Neill found 20.
Shares of Tesla Inc. fell by 9% following an underwhelming first-quarter sales report, but executives say they have the demand and capital they need to meet their 2019 production goals.
Kelley Blue Book editors rank and comment on the 10 Best Back-to-School Cars for 2019, all starting at around $20,000 or less and still available on new-car lots.
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