Per-vehicle F&I profit down for 4 publics
Average F&I profit per vehicle retailed in Q1 rose slightly at AutoNation and Sonic, while other publics saw a decline......»»
Ford Pro CEO Ted Cannis to retire
Cannis has the commercial vehicle unit Ford created in 2021 on pace for $70 billion in revenue this year. Ford Blue CEO Andrew Frick will take over on an interim basis......»»
Human drivers keep rear-ending Waymos
We took a close look at the 23 most serious Waymo crashes. Enlarge / A Waymo vehicle in San Francisco. (credit: Photo by JasonDoiy via Getty Images) On a Friday evening last November, police chased a silver sedan across.....»»
Editorial: Affordability crisis shrank the market and could do long-term damage
Frustrated consumers unable to purchase a new vehicle may force open the door to the U.S. market to China if automakers can't satiate entry-level demand......»»
VW recalls nearly 100,000 ID4s over faulty door handles
Insufficient water protection in the 2021-24 Volkswagen ID4 handles could cause the door to fly open while the vehicle is moving because of circuit board malfunctions......»»
Magna CEO says North American contract assembly plant unlikely amid heightened uncertainty
Magna is pumping the brakes on a potential North American vehicle assembly plant as the supplier signals a more cautious approach to its contract manufacturing business......»»
Top 5 stories of the week: Jeep gets new North America boss; August U.S. vehicle sales
A quick look at the top automotive stories of the week as determined by reader interest......»»
Toyota and Lexus offer SiriusXM 3-year payment option
Consumers, weary with subscription fatigue, can access streamlined vehicle audio services with one upfront fee......»»
U.S. new-vehicle market ‘stuck" as buyers wait for relief, sellers try to hang on to profits
The August selling rate was just 15.1 million, disappointing given the addition of the holiday weekend and a sign that cash-strapped consumers are waiting to make big purchases in uncertain times......»»
Top 5 stories of the week: Jeep gets new North America boss; August vehicle sales strong
A quick look at the top automotive stories of the week as determined by reader interest......»»
Daily 5 report for Sept. 5: Ford joins the hybrid-powered gain in August U.S. sales
Major gain in hybrid vehicle deliveries led Ford's 13% rise in August U.S. sales......»»
Minitruck, van import enthusiasts wary of potential restrictions in certain states
Kei vehicle owners voiced support for the tiny trucks and vans at the Massachusetts Department of Transportation's board of directors meeting in July......»»
Insurance companies sue Honda, N.Y. dealership to recoup payout from Pilot fire
Three insurance companies are suing American Honda Motor and a New York dealership to recoup more than $1 million they paid for damages caused when a service customer's parked vehicle caught fire......»»
Volvo lowers 2026 profit margin target
Volvo, like other automakers, is seeing slowing demand for EVs due in part to high sticker prices and is also bracing for the effects of extra EU tariffs on EVs made in China......»»
7 Reasons You Should Consider an Extended Warranty for Your Car
Purchasing a car is a significant investment, and as with any major purchase, you want to ensure that it stays in good condition for as long as possible. One way to protect your vehicle is by purchasing an extended warranty. This type of warranty off.....»»
VW warns of plant closures, job cuts in Germany to reduce spending
VW considers one large vehicle plant and one component factory in Germany to be obsolete, according to the automaker's works council......»»
VW warns of plant closures, forced lay offs in Germany in cost-cutting drive
VW considers one large vehicle plant and one component factory in Germany to be obsolete, according to the automaker's works council......»»
Carvana developing ADESA Kansas City into joint vehicle auction and inspection ‘megasite"
ADESA Kansas City, in Belton, Mo., is the third ADESA auto auction at which Carvana is adding its own inspection and reconditioning processes......»»
F&I revenue still possible as leasing returns
As leasing grows across the country, car dealership finance managers might have a harder time hitting the kind of F&I gross profit per vehicle seen during the inventory shortage. But there's still an opportunity for the finance and insurance office,.....»»
Samsung and Qualcomm Want to Go All-in on In-Vehicle Infotainment Tech
Samsung also announced that it is working on its next-generation automotive LPDDR5. The post Samsung and Qualcomm Want to Go All-in on In-Vehicle Infotainment Tech appeared first on Phandroid. Samsung recently announced that it will be tea.....»»
Public dealerships" F&I gross profits fall in Q2 but most above $2,000 a vehicle
AutoNation, Lithia, Group 1, Sonic and Asbury all had same-store finance and insurance gross profit per vehicle above $2,000 in the second quarter......»»