In the fourth quarter, Lithia & Driveway’s sales of “value” used vehicles — described by the retailer as having over 80,000 miles on their odometers — grew 24.6% year-over-year and its sales of certified used vehicles “improved,” said the company’s chief operating officer, Adam Chamberlain. But same-store used vehicle sales declined 4.3% in the company’s fourth quarter that ended Dec. 31, compared to the year-ago quarter and declined 4% in the full 2024 year, compared to the full 2023 year. “We have to be ... [Read More]

Element Fleet Management and Blackstone Credit & Insurance announced they have have entered into a strategic funding relationship, in which funds managed by Blackstone through its Infrastructure & Asset-Based Credit group are providing capital involving a portfolio of Canadian fleet ... [Read More]

Dealer Solutions & Design has a new look, a new website — and a new dealership asset management platform. DSD, a provider of fixed operations design, consultations, equipment specs, installation and project management for automotive facilities, said it has completed ... [Read More]

With dealership profitability down over the past two years, EFG Companies wants to give auto dealers a way to boost their personal wealth creation strategies. To that end, the F&I and reinsurance provider has introduced its Wealth Builder Profit Participation ... [Read More]

The No. 1 issue stopping consumers from buying electric vehicles is about charging. And so are the No. 2 and No. 3 reasons. J.D. Power’s February E-Vision Intelligence Report, citing the research firm’s recent U.S. Electric Vehicle Consideration Study, said ... [Read More]