The 25-basis point rate hike by the Federal Reserve will put pressure on vehicle affordability, Cox Automotive economists say in a press release. Share this articleLinkedinFacebookTwitter Read more

Luxury electric vehicle maker Karma, headquartered in Southern California, has signed three new dealership partners, in Westlake Village, CA; Seattle, and Chicago, reports the Los Angeles Da... Read more

Publicly-listed Group 1 Automotive Inc. has partnered with Audi in a vehicle subscription service which it launched today at two dealerships in the Dallas-Ft. Worth area, Group 1 said in a p... Read more

Ford Motor Co’s luxury brand Lincoln has seen little consumer interest in a subscription plan that allows drivers to change models every few months and enter and exit the agreement on... Read more

Leo Griggs will convert an existing Alfa Romeo-Fiat facility in Waco, TX into a Volkswagen dealership after being awarded the open point when Hewlett Volkswagen relinquished it, reports the... Read more

Online used car retailer Carvana, which sells cars through giant vending machines and also offers home or office delivery, launched its services in New York City by holding a parade includin... Read more