News watchers who have seen continuous coverage of government-imposed tariffs didn’t get much of a break during Sonic Automotive’s first quarter 2025 earnings call last week. Sonic’s chairman and CEO David Smith said in his opening comments of the earnings call that the company is still dealing with the “uncertainty” of the tariff situation. Tariffs, along with the strong performance of Sonic’s used-vehicle business, EchoPark, received a great deal of discussion time during the earnings call, and the topics of tariffs and EchoPark ... [Read More]

Lithia and Driveway’s used-car segment had a strong first quarter highlighted by robust sales in what the auto retailer characterizes as “value” units. “Used autos are foundational to our model and we expect to see ongoing positive trends in the quarters ahead,” said Bryan DeBoer, Lithia’s president and CEO, during the earnings call. Used-vehicle sales in the first quarter ... [Read More]

Black Book has added three new sales leaders to its team. Rick Evans has joined the vehicle data and analytics provider as director of captive and lender licensing, and Andrew Ferrara and Brent Fosnaught have come on board as directors ... [Read More]

World champion auto auctioneer Michael Adcock has joined the ranks of Warren Young Fellows. Adcock was presented the honor by the National Auto Auction Association last week during the 2025 World Automobile Auctioneers Championship’s dinner and draw event at Manheim ... [Read More]

On Monday, the Standards for Technology in Automotive Retail (STAR) announced the election of its 2025 board of directors and officers. The automotive IT standards organization said the board consists of three representatives elected from its member organizations of technology ... [Read More]

With experts at places like J.D. Power acknowledging that the impacts from tariffs on the car business are “extremely fluid,” DAS Technology offered some help on Thursday to help dealerships navigate these murky waters. DAS Technology launched what it called ... [Read More]

Do electric vehicles really offer a lower cost of ownership than gas-powered vehicles? According to a new study by Vincentric, that’s true for less than half of EVs. The automotive data firm’s 2025 Electric Vehicle Cost of Ownership Analysis found ... [Read More]

Last week, J.D. Power completed its newest analysis of the recently imposed tariffs on imported vehicles and auto parts, which experts said are expected to significantly affect both consumers and the automotive industry in the United States. But J.D. Power ... [Read More]