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Lithia Motors (LAD) recently revealed a record-breaking revenue of over $31 billion for the year, with $7.7 billion achieved in Q4.

Lithia Motors drives towards $50 billion revenue goal, achieves record-breaking Q4

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Lithia Motors (LAD) recently revealed a record-breaking revenue of over $31 billion for the year, with $7.7 billion achieved in the fourth quarter alone,...
According to an analysis by Kelley Blue Book, the ATP for new vehicles in the United States decreased by 2.6% in January 2024.

New vehicle transaction prices drop, luxury brands offer significant discounts

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According to an analysis by Kelley Blue Book, a subsidiary of Cox Automotive, the average transaction price (ATP) for new vehicles in the United...
As new vehicle affordability increased again in August income and vehicle market fundamentals continued to benefit customers.

New vehicle affordability continues to rise in August

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As new vehicle affordability increased again in August, extending the monthly trend of moderate improvement throughout the year, income and vehicle market fundamentals continued...
premium

31% of new vehicles were sold above MSRP last month

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According to a recent study, the average price of a new car in February was $45,296 as opposed to the average manufacturer's suggested retail...
new vehicle inventory, New vehicle affordability

New vehicle affordability improves for the first time in 6 months...

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In January, the Cox Automotive/Moody's Car Affordability Index showed an improvement for the first time in six months in new vehicle affordability. Auto loan...
auto

Automotive industry trends and headlines from the past year

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We thought 2021 would slow down, but the more things changed, the more they stayed the same in the auto industry. And there were...
car buying experience

The 7 most effective words to use when closing a deal

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On the latest episode of Straight Talk, host David Lewis, President of David Lewis & Associates, talks about the seven most effective words, when closing...
New-Vehicle Sales

Cox Automotive Reports an Increase In New-Vehicle Sales

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With June just about done, many are releasing their mid-year reports, giving a sort of “State of the Union” for automotive sales. Earlier this...