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Newsby StaffApril 11, 2019

Autotrader Names Best New Cars for 2019

Autotrader has released a list of 12 2019-MY vehicles that offer the latest in design, technology, and features and are available to U.S. buyers for $75,000 or less.

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Newsby StaffApril 10, 2019

Manheim Orlando Gets $4.8M Recon Center

Manheim executives cut the ribbon on a new, $4.8 million reconditioning center at the company’s second largest wholesale auction location.

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Newsby StaffApril 8, 2019

NADA: Employment, Payroll Up for New-Car Dealers

U.S. franchised auto dealers paid over $66 billion to more than 1 million workers in 2018, a 1.9% year-over-year increase that pushed the average employee’s pay to $1,134 per week.

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Newsby Tariq KamalApril 8, 2019

FCA Settles Dealer Antitrust Suit

Fiat Chrysler has settled a lawsuit brought by seven dealers who leveled charges of antitrust violations and breach of contract in federal court, claiming the factory and competing dealerships conspired to falsify new-vehicle sales reports.

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Newsby StaffApril 4, 2019

Autotrader Lists Top 20 Tax Refund Cars

The IRS’s new withholding guidelines have reduced the average American’s federal tax refund to $3,140. What kind of used car can your next customer buy with that money? Autotrader’s Chris O’Neill found 20.

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Newsby Tariq KamalApril 4, 2019

Tesla Sales Fall 31% in Q1, Stock Follows

Shares of Tesla Inc. fell by 9% following an underwhelming first-quarter sales report, but executives say they have the demand and capital they need to meet their 2019 production goals.

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Newsby Tariq KamalApril 3, 2019

NHTSA Formalizes Hyundai, Kia Fire Investigations

The National Highway Traffic Safety administration announced it will open twin probes into thousands of complaints of noncrash fires in Hyundai and Kia vehicles sold in the U.S.

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Newsby Tariq KamalApril 3, 2019

March Sales Down 3.1% as SAAR Soars

The U.S. new-vehicle sales forecast improved to 17.42 million units in March, but sales fell 3.1% year-over-year against slowing demand fueled by higher interest rates, prices, and payments and reduced incentive spending.

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Newsby StaffApril 2, 2019

Moeglin Joins LSI as National Accounts Director

Dealer lighting provider LSI Industries has hired business development expert and startup veteran Steven Moeglin to lead its commercial sales team.

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Newsby StaffApril 2, 2019

vAuto Enhances Dealer Trade Functionality

An ‘insights-driven’ upgrade to vAuto’s Conquest platform was designed to drive new efficiencies in the dealer-to-dealer new-unit trading process.

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