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....
Hyundai gains 4%, Kia slips 10% in July; overall market expected to rise
The U.S. light-vehicle market rose 1 to 3 percent in July, analysts said, as many dealers recovered from the CDK cyberattacks that knocked new-car sales offline in late June....
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. ...