Used Car News

07/04/2025

UCN's managing editor Jeffery Bellant caught up with CDK Global's Dave Thomas, director of content marketing and industry analyst, and Dan Doolin, product marketing lead for CDK’s inventory suite @ National Independent Automobile Dealers Association - NIADA 2025 in Vegas. Read their auto industry insights in UCN's latest Spotlight Story below.

LAS VEGAS – One year after CDK Global suffered a crippling cyberattack on its software used by 15,000 dealerships in the U.S. and Canada, its reps were back here exhibiting at the 2025 NIADA Convention & Expo. While CDK is known for its work with franchise dealers, it regularly exhibits its p

07/04/2025

Happy 4th of July from UCN!

07/03/2025

Sales of Toyota EVs for the month of June totaled 90,426 up 6.7% on a volume basis and up 15.5% on a DSR basis representing 46.8% of total sales volume.

Toyota Motor North America reported June 2025 U.S. sales of 193,248 vehicles, up 0.1% on a volume basis and up 8.4% on a daily selling rate (DSR) basis versus June 2024. Sales of electrified vehicles for the month totaled 90,426 up 6.7% on a volume basis and up 15.5% on a DSR basis representing 46.8

07/03/2025

All nine Car segments reported a decrease in values last week.

The market continues searching for a new “normal,” with Truck and SUV depreciation holding steady in the week ending June 28, compared to the previous week, according to Black Book. In contrast, Car depreciation has accelerated beyond typical seasonal patterns. Additionally, Tesla depreciation r

07/02/2025

The Salt Lake Valley Auto Group bought Larry H. Miller Ford, plus the Chevrolet and CDJR dealerships in Provo, Utah.

Kerrigan Advisors, a sell-side advisor to auto dealers nationwide, represented Atlanta-based Asbury Automotive in the sale of its Larry H. Miller Ford, Chevrolet and CDJR dealerships in Provo, Utah to Salt Lake Valley Auto Group. Asbury Automotive Group is divesting these stores, originally acquir

07/02/2025

The potential number of units affected is 62,468.

General Motors (GM) is recalling certain 2019-2024 Chevrolet Silverado Medium Duty 4500HD, 5500HD, and 6500HD vehicles. The brake pressure sensor assembly may leak brake fluid into the brake pressure switch and cause a short circuit. The NHTSA campaign number is 25V390000. The potential number of

07/01/2025

Consumer sentiment rose 16% from May in its first increase in six months.

Consumer sentiment rose 16% from May in its first increase in six months—confirming the mid-month reading. “The improvement was broad-based across numerous facets of the economy, with expectations for personal finances and business conditions climbing about 20% or more,” Surveys of Consumers

07/01/2025

The 2015 BMW 335i X Drive with 68,500 miles was donated by Manheim and the auction proceeds will go to the NIADA Foundation.

LAS VEGAS – Independent dealer Rick Wagner of Texas Carco in Livingston, Texas, made the final $25,500 bid to top all challengers in the lively charity auction at the 2025 NIADA Convention & Expo here June 25. The 2015 BMW 335i X Drive with 68,500 miles was donated by Manheim and the auction

07/01/2025

Lars Stenqvist will be succeeded by Jens Holtinger who has had a number of leadership roles during his more than 25 years in the Volvo Group.

Lars Stenqvist, member of the Volvo Group Executive Board and Group chief technology officer has decided to step down from his current role after nine years of service and continue in the group as a senior leader. He will be replaced by Jens Holtinger, currently member of the executive board and ex

06/30/2025

Among mass market brands, Nissan ranks highest with a score of 169 PP100. Hyundai (173 PP100) ranks second and Chevrolet (178 PP100) ranks third.

Despite the growing complexity of today’s new vehicles, the number of problems cited by owners in the first 90 days of ownership has improved slightly, according to the J.D. Power 2025 U.S. Initial Quality Study (IQS), released June 26. Overall, problems per 100 vehicles (PP100) have improved to

06/30/2025

With stronger-than-expected sales in the early part of Q2 now in the books, Cox Automotive is increasing its baseline forecast to 15.7 million.

Cox Automotive is forecasting Q2 2025 new-vehicle sales to climb year over year by 1.7%, as a result of a strong market in April and the first part of May. With sales volume forecast at 4.18 million, Q2 sales will also finish higher than Q1, when 3.92 million units were sold. However, with more sell

06/29/2025

Purchasing plans for cars are at the highest level since December 2024.

The Conference Board Consumer Confidence Index deteriorated by 5.4 points in June, falling to 93.0 (1985=100) from 98.4 in May. The Present Situation Index – based on consumers’ assessment of current business and labor market conditions – fell 6.4 points to 129.1. The Expectations Index