Federal Reserve leaves interest rates unchanged again
The Federal Reserve opted against changing its benchmark rate during its July meeting, attempting to restrict future inflation for consumers but leaving them receiving higher interest rates than they might like on financed purchases like vehicles....
F&I data: Used-vehicle payments down while interest rate inches up
The average monthly payment for a used vehicle was slightly less in the second quarter of 2024 than a year ago, according to Edmunds....
F&I tip: Know your software programs inside and out
In the wake of the recent CDK Global outage, finance and insurance managers should make sure they know the ins and outs of their software, said Teasha McMillion, an independent dealership consultant....
How Nissan is trying to reclaim its marketing edge
Nissan marketing and sales VP Vinay Shahani on making the car the star of advertising, while regaining some of the brand’s irreverence....
Honda Canada dealers lawyer up, prep for class action suit over margin cuts
Honda dealers in Canada have retained legal counsel and are preparing for a possible class-action lawsuit against the automaker’s Canadian unit, as the company enacts a plan that will significantly reduce dealer profit margin on vehicle sales, according to multiple dealers. ...
Someone Deepfaked Ferrari CEO’s Voice and Tried to Scam the Company
You can’t even trust phone calls now....
Honda-Nissan-Mitsubishi Alliance Reportedly Planned
Honda and Nissan are already working together and it looks as though Mitsubishi is about to join them....
Stellantis Hints at Selling Maserati
The Italian brand is in big trouble after sales in H1 2024 dropped by over 50 percent....
How one car dealership group tackles health care insurance costs
A Carter Myers self-insured plan allows it to manage costs and potentially give leftover money back to help employees cover premiums....
Threat of slimmer used-car profits, supply allows for little slack in 2024, dealers say
Franchised dealership and auto retail group leaders spoke with Automotive News in June and July about used-car market certainties and uncertainties in 2024....