Minorities in auto retail make $200K, show career similarities to nonminority whites
The car dealership industry paid members of minority groups more than $200,000 in 2023, within $10,000 of what nonminority industry professionals at car dealers earned, and far more than the average American, according to the Automotive News Dealership Salary Survey....
Toyota Claims Its New Combustion Engines Are a Game-Changer
The Chief Technology Officer argues the new engines are completely different than current ICEs....
F&I data: Average new-vehicle lease payments fall in first quarter
Experian data shows a decrease in lease payments, while average new-vehicle loan payments rose slightly over Q1 2023....
F&I tip: Meet the customer early in the transaction
Finance and insurance managers should meet car shoppers "before the consumer becomes a customer" who has officially agreed to a vehicle transaction at the auto dealership, Ascent Dealer Services CEO Adam Marburger said during the 2024 NADA Show....
Volkswagen Might Make an Even Hotter Golf R Clubsport
It would have more power, less weight, and a tweaked suspension if approved for production....
Honda Sold Some NSXs in Japan with Improper Certification
There were issues with another mid-engine model, the S660 kei car....
VC investment is sparking again for retail tech, F&I and more
Stella Automotive AI, Botdoc, AutoComplete, Detect Auto and QoreAI are among the companies seeking or winning new funding....
Chase exec for captive finance companies expects subvention to grow
Leslie Morris said some automakers were considering alternatives to incentive spending during inventory shortage, but sweeteners on cars are now back to 'very, very significant levels.'...
Guest commentary: Five action items to hasten Safeguards Rule compliance
The FTC has amended the Safeguards Rule to better protect people across the country from breaches and cyberattacks that lead to identity theft and financial loss. It's crucial that all businesses become compliant....
Toyota, Hyundai, Kia post robust U.S. sales gains in May as EVs gain momentum
Toyota, Hyundai and Kia reported strong sales gains in May, bolstered by hybrids and electric vehicles. Toyota Motor North America saw its sales climb 16 percent in May to 216,611, powered by a 15 percent boost in Toyota brand sales, while Lexus brand sales rose 17 percent. Among the automaker's top-selling models, sales of the Toyota RAV4 rose 27 percent, Camry sales were down 7.7 percent, Corolla up 23 percent and Tacoma down 17 percent. Interestingly, the Toyota brand's gain came despite a mid-April recall and resulting international stop-sale on the Prius because of faulty rear-door latches. The Japanese automaker also said that a record 39 percent of...