A New York-based dealer group has filed a $200 million lawsuit against Maserati, claiming that the OEM inflated sales numbers and rewarded dealers who participated in its illegal schemes.
This month, same-store deliveries are up nearly 6 percent while new floor traffic beat out last year’s numbers by 24.7 percent. Based on the data, CNW expects sales to rise at least 8 percent.
Manufacturers offered an average of $4,162 in incentives per vehicle in February, while the average MSRP of vehicles sold this month rose 3.7 percent vs. last year.
December was an ideal month for manufacturers. Transaction price rose to record levels while incentive spending continued to fall, TrueCar reports.
NADA Chairman Bill Underriner warns automakers against intruding into dealers’ businesses with two-tier pricing and mandatory facility upgrades.
Higher transaction prices and lower incentive spending didn’t keep car buyers away from dealer lots, a positive sign for automakers and dealers.
Manufactures increased their incentive spend per vehicle by 3.9 percent in May. The increase comes one month after spending hit its lowest level in almost seven years.
Southeast Toyota Finance announced that U.S. military personnel will receive a $1,000 rebate when they lease or buy any new Scion model or a $500 rebate when they lease or buy any new Toyota.
The average transaction price for light vehicles in March jumped $1,977 from a year ago, while the average incentive was down 1.8 percent.
A study by Buycentives revealed that rebates and incentives continued to play a role in February auto sales.
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