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U.S. new-car dealerships increase in 2024, while franchises decline

The number of new-car dealerships in the U.S. increased by nearly 1% in 2024, reaching a total of 18,311 as of January 1, according to the 2025 Automotive News Dealer Census. The total number of franchises decreased by 1.3%, bringing the count down to 29,829. Despite the reduction in franchises, the average throughput for the industry rose by 5.8%, reaching 511 vehicles per franchise. This increase was fueled by higher U.S. sales of light vehicles, which totaled 15.35 million, up from 14.9 million in 2023. Domestic automakers, including Ford, General Motors, and Stellantis, continued consolidating their networks, shedding stores while...

Tesla’s stock continues to dip sparking investor concerns

Tesla has lost almost all of its post-election gains as shares decline for the seventh consecutive week, marking the longest downturn in its 15-year...

Ford expands auto technician scholarships with $4M investment amid shortage

Ford Philanthropy and Ford Dealers have announced a $4 million investment in their automotive technician scholarship program, aiming to address the growing national shortage...

Toyota extends production halt following fatal supplier incident

Toyota has temporarily suspended production at multiple facilities following a fatal explosion at a key supplier’s plant in Aichi Prefecture, Japan. The March 6...
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