News - Auto News

NADA Data shows dealer profits eroding

New-vehicle dealerships sold about the same number of new vehicles through June this year as they did a year earlier, but dealers are making less money on them, an NADA midyear report says.

Chief Economist Szakaly will leave NADA for health system

Steven Szakaly, chief economist for the National Automobile Dealers Association, is leaving the group early next month to run data analytics and consumer insights for a major health system.

Toyota dominates CR reliability survey again; lots of shifts seen among other brands

For the fifth year in a row, Toyota and Lexus rank as the top two brands for reliability based on a survey of Consumer Reports subscribers. The rankings of the remaining 25 brands reflect a game of musical chairs, however.

Google parent company leads $1 billion investment in Lyft

Google parent company Alphabet's investment arm, CapitalG, led a $1 billion investment in Lyft that values the ride-sharing startup at $11 billion, the ride-sharing startup said.

GM to settle state ignition-switch litigation claims for $120 million

General Motors agreed to pay $120 million to resolve claims from 49 U.S. states and the District of Columbia over faulty ignition switches, state attorneys general said.