CarGurus’ Lawsuit Shows Why Dealers Need to Separate Price From Value
CarGurus says it’s already moved. Starting July 14, listings without disclosed dealer fees lost their deal ratings and dropped in search results, and by July 29, more than 90% of subscribing dealers’ used inventory included fees.
Dave Cantin Group Names Former Asbury Automotive Executive Sid Barron Senior Vice President of Strategic Initiatives
Industry veteran and former Hank Aaron business partner brings 40 years of industry experience in manufacturer relations, dealer group corporate development, dealership ownership and operations
Carvana Extends Its Youth Soccer Sponsorship With a $200,000 Scholarship Fund
Carvana signed a multi-year extension of its sponsorship with Rush Soccer, described as the world’s largest youth soccer club, according to Auto Remarketing.
Subaru Unveils Its First In-House EV Prototype as It Steps Out of Toyota’s Shadow
On Oct. 18, Subaru showed reporters its first independently developed EV prototype at its test course north of Tokyo, according to Automotive News. Engineers developed the technology in roughly half the usual time. Some of it could reach the market around 2029.
Ford Just Passed Toyota in Certified Pre-Owned Sales. Now It Wants the Full-Year Crown.
Ford’s Blue Advantage program was the No. 1 certified pre-owned brand in the third quarter, ahead of Toyota, after sales jumped 44%, according to Ford’s quarterly sales release. Now Ford has set a goal of taking the full-year title in 2027.
🚗 New York City Sues CarGurus Over How It Displays Dealer Prices
🚙 The push for honest pricing has reached the listing sites. New York City’s Department of Consumer and Worker Protection has filed a lawsuit against CarGurus, alleging its deal ratings and AI chatbot presented misleading prices that hid dealer fees, according to Automotive News.
How Tesla’s Flying Roadster Won Over Our Resident Skeptic
A car drove up a wall, flipped through the air, and convinced our most doubtful teammate that Tesla’s long-delayed Roadster is worth a dealer’s attention.
Car Shoppers Compare Prices, but They Buy Payments
Most shoppers start by comparing prices, but they decide based on whether the monthly payment fits. With the average new-vehicle price above $50,000, according to Kelley Blue Book, and the average payment at a record $787, according to Edmunds, that payment is getting harder to hit.
TrueCar’s CEO Predicts the End of Different Prices for Identical New Cars
The biggest fear for dealers, Painter says, is being reverse-auctioned at scale by a computer, sparking a race to the bottom. That’s why he believes AI tools need to be built in a way that helps protect a dealer’s front-end and back-end gross.
🚙 Analysts say Penske’s move looks like a unique case rather than the start of a trend among public dealer groups. Without quarterly earnings pressure, the company can make longer-term decisions, and Stephens analyst Jeff Lick has noted it could simplify an eventual leadership transition. Roger Penske is 89.
