New-vehicle leasing has dropped by more than 36 percent during the pandemic, for a variety of reasons. But it's in the vested interests of the whole industry to restore leasing to its previous levels when production and inventory stabilize.
Tesla continues to prove that EVs can sell themselves without subsidies, writes an Automotive News reader in a letter to the editor.
The inventory level in the U.S. showed only a slight improvement last month, landing at 1.11 million, according to Cox Automotive and the Automotive News Research & Data Center.
A former Stellantis dealer in California is facing federal charges of defrauding investors out of nearly $8 million that he spent on himself.
Subaru's Legacy midsize sedan gets some major upgrades in 2023, including the latest version of the brand's driver-assist technology and an electric brake booster, which will both be standard.