Fed holds rates steady as auto financing improves for top-tier buyers
The Federal Reserve voted to hold its benchmark interest rate steady for the fifth time this year, keeping it in the range of 4.25% to 4.50%, despite growing political pressure...
TSLA382.7007.7%
GM82.7300.48%
F12.170-0.08%
RIVN13.960-0.37%
CYD29.8200.75%
HMC32.7000.22%
TM185.300-0.7%
CVNA63.7300.53%
PAG196.160-1.89%
LAD290.2401.37%
AN157.3800.31%
GPI232.010-4.6%
ABG167.600-1.36%
SAH60.560-0.95%
TSLA382.7007.7%
GM82.7300.48%
F12.170-0.08%
RIVN13.960-0.37%
CYD29.8200.75%
HMC32.7000.22%
TM185.300-0.7%
CVNA63.7300.53%
PAG196.160-1.89%
LAD290.2401.37%
AN157.3800.31%
GPI232.010-4.6%
ABG167.600-1.36%
SAH60.560-0.95%
TSLA382.7007.7%
GM82.7300.48%
F12.170-0.08%
RIVN13.960-0.37%
CYD29.8200.75%
HMC32.7000.22%
TM185.300-0.7%
CVNA63.7300.53%
PAG196.160-1.89%
LAD290.2401.37%
AN157.3800.31%
GPI232.010-4.6%
ABG167.600-1.36%
SAH60.560-0.95%
dealership news
Mercedes-Benz to halt U.S. EQ delivery, slash pricing amid weak demand
On Wednesday, Mercedes-Benz reported it will pause U.S. deliveries of its EQ electric vehicle lineup and reduce prices on several EQ models due to slowing demand and excess inventory at...
Fullerton Auto Group sells NJ Operations to Performance Auto Group
Fullerton Auto Group in Somerville, NJ, sold its multi-franchise operation to Performance Auto Group. Haig Partners served as the exclusive sell-side advisor.
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Chesrown Automotive enters Sidney, OH market with Germain Dealership acquisition
Chesrown Automotive, led by the Gill family, acquired three Germain Motor Company dealerships and rebranded them in early June.
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Graff Family of Dealerships acquires final five Bosak stores in Indiana
Bosak Auto Group, a third-generation dealer in northwest Indiana, exited the auto retail business after selling nine stores. Graff Family of Dealerships acquired five rooftops, while Victory Automotive Group acquired...
Toyota posts record first-half 2025 sales as hybrid demand offsets tariff impact
Toyota Motor Corp. reported record global sales for the first half of 2025, driven by robust demand for hybrid vehicles in core markets like the U.S., Japan, and China. The...
Luxury automakers face $889M hit from U.S. tariffs
Luxury automakers Porsche, Mercedes-Benz Group, and Aston Martin are collectively absorbing an $889 million financial blow as a direct result of U.S. tariffs under President Donald Trump’s trade policies. In...
U.S. buy-sell market remains strong as dealers adapt to economic headwinds – Ryan Kerrigan | Kerrigan Advisors
Despite market uncertainty, rising tariffs, and wavering EV demand, the retail automotive buy-sell market remains resilient in 2025. On today's episode of CBT Now, Ryan Kerrigan, Managing Director at Kerrigan...
Dave Anderson warns leaders to ‘stop making success about you’
In the latest episode of Lessons in Leadership, leadership expert and author Dave Anderson targets what he calls the fourth major temptation of successful organizations: the tendency for leaders to...
Asbury Q2 net income surges 444% as dealership sales and service profits grow
Asbury Automotive Group reported a dramatic rebound in second-quarter net income, rising 444% to $152.8 million compared to the same period last year, when the company faced an 86% drop...
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