Audi and Costco Auto Program bring back new-vehicle incentives
Audi and Costco Auto Program brings back new-vehicle incentives with three incentives available: $1,000, $1,500 or $3,000....
Sonic Automotive Q2 net income jumps despite CDK outage
Sonic Automotive's net income nearly doubled in the second quarter despite an outage related to the CDK cyberattacks....
Pricing, interest rates temper sales rebound
Overall growth is expected to slow in the second half after sales rose 2.2 percent in the first six months of 2024. Analysts say high interest rates and borrowing costs as well as elevated prices are preventing more robust demand....
It’s Audi’s Turn to Say Gas Cars Could Stick Around
The original plan was to go fully electric by 2033 but Audi is now "flexible."...
1 Thing We’re Talking About: The importance of annual lift inspections
Neglecting to inspect service department lifts every year can endanger technicians and other staff, says lift inspector Ed Gibbons....
Overheard: Where the rubber hits the road
Service departments need to sell tires to keep customers coming back, Eddie Campbell, fixed operations director at Forest Lane Chrysler-Dodge-Jeep-Ram, said on the ‘Retention Roadmap' podcast....
Chrysler Nearly Built Its Own Viper. Here’s Why It Never Happened
The Firepower would have been Chrysler’s answer to the Corvette. But the idea died before becoming a reality....
Toyota sales decelerate in first half
Deliveries of Toyota and Lexus cars in China fell 13 percent from a year earlier to 152,052 in June, with year-to-date volume slipping 10 percent to 784,621, Toyota Motor Co. said this week. ...
Auto suppliers continue to face worker shortage and high costs
The Federal Reserve indicated labor supply and demand are in sync in the U.S. economy for the first time in years. But suppliers are still lagging behind....
Lithia net income down 28% in Q2 despite record revenue of $9.2B
Lithia Motors Inc. Q2 2024 earnings: Net income fell 28 percent during the second quarter despite the car dealership group generating record revenue for that earnings period....