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Newsby StaffFebruary 11, 2022

Lithia Motors Reports 55% Increase in Q4 Net Income

The auto retailer reports sales jumped 34% in the fourth quarter and soared 51% for the year.   

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Newsby StaffFebruary 11, 2022

Toyota and Honda Stay Positive on Profits

Tight supply and lower production helps the companies sell vehicles with fewer financial incentives than they traditionally offer.

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Newsby StaffFebruary 10, 2022

NextGear Capital Partners with Manheim to Enhance Its Flex Pricing Program

First of several benefits planned in 2022 to further independent dealer goals, needs.

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Newsby StaffFebruary 10, 2022

Tekion Announces First F&I Partnership with Assurant to Improve Digital Experience in Automotive Retail

Partnership will speed up the F&I process, increasing efficiencies for retailers and streamlining digital and in-store experiences for consumers.

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Newsby StaffFebruary 9, 2022

Autotrader Names Best New Cars for 2022

Choices abound as more electric vehicles, brand-new nameplate make debut on best new cars list.

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Newsby StaffFebruary 9, 2022

GM Keeps Plants Going Amid Chip Shortage

GM entered a deal with semiconductor chip manufacturers to keep its North American assembly lines in production.

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Newsby StaffFebruary 9, 2022

Nikkei: Nissan to Halt Most Development of New Gasoline Engines  

Nissan Motor Co. Ltd. plans to stop developing new internal combustion engines except in the U.S.

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Newsby StaffFebruary 8, 2022

Black Book: Weekly Market Insights

The Mid-Size Car segment had the largest decline last week, at -0.76%, compared with the prior week’s decline of -0.64%, marking the third consecutive week the segment has reported the largest segment decline.

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Newsby StaffFebruary 7, 2022

New Financing Technology Boosts Deliveries for Dealers

In 2021, the company installed a limited distribution of financing kiosks in dealer showrooms, giving customers the ability to apply for a recreational loan in under five minutes and without ever leaving the dealer’s lot. 

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Newsby StaffFebruary 3, 2022

CDK Global Introduces CDK CarSource Wholesale Marketplace

Digital platform integration with CDK Drive saves dealers time and money with automated used vehicle listings and low transaction fees.

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