Used-vehicle demand contracts
The China Automobile Dealers Association blamed the first decline in used vehicle sales since March on stagnate economic growth....
VW Group’s China sales slip 19% in Q2
Volkswagen Group’s China sales fell 19 percent year on year to 651,500 in the second quarter, with year-to-date volume dropping 7.4 percent to below 1.35 million. ...
Mercedes sales rebound in Q2
Mercedes-Benz saw its China deliveries gain 2 percent year on year to 172,600 in the second quarter after sliding 12 percent to 168,900 in the first quarter. ...
Ineos debuts bespoke editions and weighs V-8 power for Grenadier, Quartermaster
Ineos is debuting bespoke editions and weighing V-8 power. The upgrades to Grenadier SUV and Quartermaster range come after Ineos decided to delay the smaller Fusilier SUV, which would have full-electric and range-extender hybrid powertrains....
Toyota’s All-New Gas Engine Sounds Sporty
Listen to the new four-cylinder engine while it powers a stripped-out Lexus IS....
Detroit 3 fall behind international automakers in U.S. vehicle production
International automakers produced more light vehicles in the U.S. than the Detroit 3 for the first time in 2023, according to a report from Autos Drive America and the American International Automobile Dealers Association released July 9....
F&I tip: Don’t forget interest when refunding a customer if mistake made during CDK outage
If a dealership inadvertently overcharged a customer during the CDK outage, 'it needs to be promptly refunded to the consumer,' says Hudson Cook law firm partner Jean Noonan....
Wholesale vehicle shipments turn south in June
Wholesale vehicle deliveries dipped 2.7 percent to 2.56 million in June, marking the first drop in monthly shipments since March, with weaker domestic demand offsetting higher exports....
F&I data: Credit unions edge out captives for Gen Z auto loans
Captive finance lenders were the most popular source of car loans for most generations — but not Generation Z, which was slightly more likely to borrow from a credit union during the first third of the year, according to Equifax data....
Hyundai pushed fake EV sales reporting scheme, Napleton lawsuit claims
Hyundai said it does not 'condone any intentional falsification of sales reporting data and [has] launched an immediate investigation.'...