Ford, Tesla Announce Historic Agreement

The top executives from Ford Motor Co. and Tesla announced a historic agreement that will allow Ford customers to use 12,000 Tesla Superchargers across the U.S. and Canada.

Toyota’s Ads Drive Hispanic Loyalty

Toyota isn’t just winning the battle for Hispanic consumers — it’s dominating the nation’s second-largest ethnic group, in a triumph that’s more than 30 years in the making.

New Vehicle Inventories Rise Above 1.9 Million to ‘21 Level

New-vehicle inventories continue climbing, even in the face of the fastest sales pace in more than a year. It’s a further sign that production constraints are easing, according to data by Cox Automotive and the Automotive News Research & Data Center.

Car Dealers Have Almost Normal Inventory Again

As inventory builds, dealers and automakers start to offer discounts to help attract new customers. In March, the sale price of the average new car slipped below sticker price for the first time in almost two years.

Automotive TV Spending Increases 10.5%

Estimated national TV spending by automakers increased 10.5% in March compared to the same period a year ago, up from $195.6 million to $216.1 million, per iSpot.tv.

Dealership Count Up, Throughput Falls in ‘22

The Automotive News annual dealer census finds that the number of U.S. franchised dealerships rose in 2022, after two years of declines, while new-vehicle sales per franchise dropped amid slower sales.