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News
New, used demand ticks up as buyers chase affordable inventory
3+ day, 21+ hour ago (534+ words) Used vehicle demand remains elevated, with growing demand for the youngest and oldest models, while new vehicle demand ticked up slightly but remains off 2025’s pace, according to CarGurus’ August Intelligence Report. Driving the news: Though cooling from a three-year…...
2026 models total 85% of new-vehicle inventory through end of August
4+ day, 21+ hour ago (392+ words) Through the end of August, model-year 2026 vehicles are still filling dealers’ lots, with CarGurus noting that 85% of new inventory is from this year. Driving the news: The analysis of inventory through the end of August showed that the current-year mix…...
TrueCar CEO talks strategy behind native smartphone app: 'I believe that search is dead"
5+ day, 21+ hour ago (1111+ words) TrueCar recorded another profitable quarter since going private in January, added two more credit union partners, and is preparing to shift how it reaches customers. Driving the news: The financial news, continued business drive, and a stated commitment to full…...
Majority of U.S. car buyers open to Chinese vehicles as affordability pressures mount
1+ week, 6+ day ago (565+ words) U.S. consumers are increasingly open to Chinese vehicles as affordability weighs more heavily on car-purchasing decisions—and as dealers grapple with other shifting market dynamics, according to a Dave Cantin Group report. The details: More than half of potential car buyers…...
Why Honda could be the most undervalued franchise in America right now
2+ week, 21+ hour ago (988+ words) Got an idea? Heard a thing? Send tips and emails to [email protected]. A recent report highlighting a franchise on the rise caught our attention. It showed that Honda's low cost and high value makes it, as we say in…...
Lexus and Toyota of Montgomery stores set service records for five straight months
2+ week, 6+ day ago (536+ words) Bobby Perkins started at Lexus of Montgomery and Toyota of Montgomery eight months ago and immediately saw the stores set records in the service department for the past five months in a row. The fixed operations director, with more than…...
'25 Toyota RAV4, ‘23 Tesla Model 3 lead fast movers on used market
3+ week, 1+ day ago (424+ words) Among vehicles under 3 years old on the used market, the 2025 Toyota RAV4 was the fastest-moving in July and August, taking just 33.59 days to sell, according to analysis compiled by AutoVision. Driving the news: Used vehicle sales remain strong, topping 1.44 million in…...
August sales expected to finish around 1.3M
3+ week, 1+ day ago (460+ words) Without the pull-ahead of the expiring EV credits from last summer, overall new vehicle sales are expected to be down almost 5% year-over-year for August. The joint forecast from JD Power and GlobalData expects sales to finish around 1.3 million, showing strong…...
TrueCar CEO: Vehicle demand holds as buyers shift to used cars, hybrids amid trade uncertainty
3+ week, 3+ day ago (413+ words) TrueCar searches for hybrids have increased to nearly three times their normal level TrueCar CEO Scott Painter said mounting affordability pressures and trade uncertainty are changing how consumers shop for vehicles, with manufacturer incentives creating a major opportunity for dealers…...
Detroit automakers warn USMCA changes could add billions in costs as trade talks intensify
3+ week, 6+ day ago (400+ words) Auto tariffs remain a major sticking point in North American trade talks, with U.S. automakers warning that changes to the United States-Mexico-Canada Agreement (USMCA) could cost them billions. First things first: Canadian and U.S. negotiators spent much of the weekend trying to…...