News

Dealer Ops•by Staff•October 20, 2022

Lithia Reports Q3 Results

Profit, revenue were up but short of Wall Street forecasts.

Auto Finance•by Staff•October 20, 2022

Q3 Ally Car Loan Applications Down But Value Unchanged

CEO acknowledges that greater market woes may be on the horizon.

Dealer Ops•by Staff•October 20, 2022

BMW Leader Blasts Push to Phase Out Gas Powered Vehicles

BMW Board Chair Olive Zipse says the move will put vehicle ownership out of reach for many people, and could be politically dangerous.

Dealer Ops•by Staff•October 20, 2022

Biden Administration Awards $2.8 Billion for EV Battery Production

The grants will fund projects designed to boost U.S. manufacturing of electric vehicle batteries and domestic mineral production.

Auto Finance•by Staff•October 19, 2022

Dealership Group to Pay $3.3 Million to Settle Junk-Fee, Discrimination Case

FTC accused Passport Automotive Group of deceitful ads, charges, and discriminatory lending.

Dealer Ops•by Staff•October 19, 2022

Stellantis in the Electric Business

Carmaker says it aims to produce own energy for manufacturing, as it debuts EV Jeep Avenger.

Auto Finance•by Staff•October 18, 2022

Black Book: Weekly Market Report

Repossessions are beginning to show up in the market and with fuel prices returning to a level last seen in February of this year, the Car segment valuations are taking the hardest hit.

F&I•by Staff•October 18, 2022

Hyundai, Kia Reveal Bad Q3 News

Korean carmakers say old recalls still affecting profits.

Dealer Ops•by Staff•October 18, 2022

Customer ‘Scorecard’ Designed to Help Dealers

CDK Global offering polls U.S. customers on car availability and more.

Dealer Ops•by Staff•October 17, 2022

Four Dealership Sales Close in Four States

Groups acquire various brands, and one also buys a commercial truck business.

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