Cars a ‘need’ not a ‘want’ for 79% of independent buyers, study finds
On the Dash:
79% of independent dealership buyers say they need a vehicle, not want one
Only 21% of buyers would return to the same dealership for their next purchase
...
TSLA354.720-7.72%
GM83.9600.3%
F12.4300.12%
RIVN12.420-0.6%
CYD26.020-0.33%
HMC34.2800.22%
TM194.6102.67%
CVNA58.830-1.7899%
PAG212.4200.42%
LAD295.140-0.17%
AN161.7301.93%
GPI242.2202.42%
ABG170.0500.18%
SAH63.6100.1%
TSLA354.720-7.72%
GM83.9600.3%
F12.4300.12%
RIVN12.420-0.6%
CYD26.020-0.33%
HMC34.2800.22%
TM194.6102.67%
CVNA58.830-1.7899%
PAG212.4200.42%
LAD295.140-0.17%
AN161.7301.93%
GPI242.2202.42%
ABG170.0500.18%
SAH63.6100.1%
TSLA354.720-7.72%
GM83.9600.3%
F12.4300.12%
RIVN12.420-0.6%
CYD26.020-0.33%
HMC34.2800.22%
TM194.6102.67%
CVNA58.830-1.7899%
PAG212.4200.42%
LAD295.140-0.17%
AN161.7301.93%
GPI242.2202.42%
ABG170.0500.18%
SAH63.6100.1%
automotive industry
June sales rise 3.6%, JD Power forecasts 16.5 million SAAR
On the Dash:
June new-vehicle sales projected to rise 3.6% to 1,363,800 units, JD Power said
SAAR expected to reach 16.5 million, up 0.8 million year over year
Negative equity...
Ryan LaFontaine on family, beating cancer, and building Michigan’s largest dealer group
Ryan LaFontaine has called Highland, Michigan, home for nearly his entire life. At just six months old, his family put down roots there and has spent decades building one of...
Stellantis, Nissan in talks to buy assets of former parts supplier
On the Dash:
Stellantis and Nissan are in talks to buy assets from bankrupt supplier Marelli, Bloomberg reports.
Stellantis wants Marelli's suspension business; Nissan eyes cockpit assets in Japan.
Marelli...
Dealers face affordability squeeze as entry-level vehicles disappear, report finds
On the Dash: Dealers face affordability crunch as entry-level vehicles disappear
Affordability concerns rise as new-vehicle prices have increased by more than $11,000 since 2019.
Budget cars are nearly gone,...
U.S. bans Polestar from selling new vehicles starting with MY2027
On the Dash:
The Commerce Department denied Polestar authorization under the Connected Vehicle Rule, blocking new U.S. sales from the 2027 model year forward.
Polestar will sell off its remaining...
Trump asks Congress for $1 billion to restore Delphi pensions
On the Dash:
The White House asked Congress for $1 billion to restore pensions cut from former Delphi workers in 2009.
The fix rides on a defense bill amendment and...
National Association of Minority Automobile Dealers Announces 46th Annual Conference in Miami
MIAMI, FL – National Association of Minority Automobile Dealers (NAMAD) will host its 46th Annual Conference at the iconic Fontainebleau Miami Beach happening from August 11-14, 2026 under the theme:...
Hertz lowers Q2 guidance amid struggling used-car market
On the Dash:
Hertz expects Q2 adjusted corporate EBITDA of $50 million to $80 million, near the low end of guidance.
Used-car softness flipped April vehicle-sale gains into May losses,...
As Nissan Versa inventory dries up, so does the sub-$20,000 new car
On the Dash:
Fewer than 700 Nissan Versas remain on dealer lots, making them nearly impossible to find.
Once the last Versas sell, no new car in the U.S. will...
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