Used car seller Carvana ventures into new territory with the firm buying its first dealership as the company attempts to enter the new car sales market with the purchase of Stellantis franchised dealership.
Dealers and Service
GM, Tesla Top Buyer Loyalty Charts as More Shoppers Buy What They Know
More new vehicle buyers remained loyal to their previous purchases in 2024 than the year prior, and General Motors and Tesla top the charts when it comes to owner retention efforts. That said, owner loyalty numbers are still below pre-pandemic levels. Find out more at Headlight.News.
Falling Incentives, Tougher Loan Conditions Make It Tougher to Buy a New Car
While new vehicle sales were up on a year-over-year basis in January, it wasn’t because automakers or lenders made it easier on buyers, according to new data released this week. The average transaction price rose 1.3% compared to last January. Get details at Headlight.News.
Consumers See Lower Prices as Automakers Enjoy Strong January Sales
Despite the winter storms and bitter cold that’s enveloped much of the U.S for a chunk of January, consumers appear to be finding time to go to auto dealers and buy new vehicles. They’re being rewarded with lower average transaction prices in the process. Get details at Headlight.News.
EV Growth Predicted to Continue in 2025 While Korean Makers Expand Gains in U.S.
In the time after U.S. voters chose a new president last November, what will happen to the U.S. auto industry has been the subject of conjecture with some going on instinct and others, like the Dave Cantin Group and Kaiser Associates, taking a more data-oriented approach. EVs grow, Korean makers gain, truck sales flatten are just some of what they suggest will happen this year. Get details at Headlight.News.
Back to Basics at a Very Downsized Detroit Auto Show
Once one of the most important auto shows in North America, if not the world, the annual Motor City event returned to its original January schedule after a brief summer run. But what has been renamed the Detroit Auto Show is a mere fraction of the size of what it was during its glory days. Headlight.News looks at what has happened — and why.
VW’s Cupra Brand Comes a Step Closer to Entering the U.S. Market
Months after Volkswagen revealed interest in bringing its sporty Cupra brand to the U.S. market it has taken a critical step closer to making that happen before the end of the decade. It’s begun talks with the Penske Automotive Group which could partner on the launch.
Ford Facing Two New Investigations into Handling of Recalls
Less than a week after federal safety regulators hit Ford with one of the largest fines in automotive history, the National Highway Traffic Safety Administration has launched two new investigations into the way the automaker has handled some recent recalls.
Car Buyers At Risk as Trump Prepares to Roll Back Consumer Protection Rules
Bait-and-switch, hidden fees and other dealer scams could proliferate under the incoming administration of Donald Trump, experts warn, as the president-elect signals plans to eliminate or scale back various consumer protection rules.
Jeep Slashes Prices on Wagoneer, Grand Wagoneer to Counter Weak Demand
Been eyeing one of the Jeep Wagoneer or Grand Wagoneer models but turned off by the high price tag? Then you’ll likely appreciate the automaker’s decision to slash prices by as much as $7,000 on new 2025 models – though you also can expect retailers to start offering good deals on leftover 2025 SUVs.
October Auto Sales Rebound – Driven by Surging Korean Brands
U.S. auto sales rebounded from a September lull. Though, with an uncertain election looming over the country, automakers posted relatively modest gains in October, largely driven by surging South Korean automakers.
Scout’s Direct-to-Buyer Sales Plan Sets Off Dealer Backlash
Auto dealers are ready to go to war with Scout Motors over the new brand’s plan to sell directly to customers without using franchised retailers. Scout is also planning to build separate service centers, which are emerging a key part of the EV landscape.