Audi and Costco Auto Program bring back new-vehicle incentives

Audi and Costco Auto Program bring back new-vehicle incentives https://ift.tt/7QVNMG1

Audi and Costco Auto Program brings back new-vehicle incentives with three incentives available: $1,000, $1,500 or $3,000.

Sonic Automotive Q2 net income jumps despite CDK outage

Sonic Automotive Q2 net income jumps despite CDK outage https://ift.tt/xvOJmiM

Sonic Automotive's net income nearly doubled in the second quarter despite an outage related to the CDK cyberattacks.

Pricing, interest rates temper sales rebound

Pricing, interest rates temper sales rebound https://ift.tt/dRiC3fA

Overall growth is expected to slow in the second half after sales rose 2.2 percent in the first six months of 2024. Analysts say high interest rates and borrowing costs as well as elevated prices are preventing more robust demand.

Overheard: Where the rubber hits the road

Overheard: Where the rubber hits the road https://ift.tt/Ecidt5U

Service departments need to sell tires to keep customers coming back, Eddie Campbell, fixed operations director at Forest Lane Chrysler-Dodge-Jeep-Ram, said on the ‘Retention Roadmap' podcast.

Lithia net income down 28% in Q2 despite record revenue of $9.2B

Lithia net income down 28% in Q2 despite record revenue of $9.2B https://ift.tt/Zql3VuT

Lithia Motors Inc. Q2 2024 earnings: Net income fell 28 percent during the second quarter despite the car dealership group generating record revenue for that earnings period.

Hyundai gains 4%, Kia slips 10% in July; overall market expected to rise

Hyundai gains 4%, Kia slips 10% in July; overall market expected to rise https://ift.tt/y5lGDkg

The U.S. light-vehicle market rose 1 to 3 percent in July, analysts said, as many dealers recovered from the CDK cyberattacks that knocked new-car sales offline in late June.