February 18, 2025
News
Lexus Tops Dependability Study
Staff Writer
February 18, 2025
Vehicle problems after three years of ownership have reached the highest level since 2009, according to the J.D. Power 2025 U.S. Vehicle Dependability Study (VDS). Compared with 2024 results, the…
Group 1 Automotive Rings ‘The Closing Bell’
Staff Writer
February 18, 2025
The New York Stock Exchange welcomed Group 1 Automotive to the podium. To honor the occasion, Daryl Kenningham, president & chief executive officer, joined by Tara Dziedzic, NYSE Head of…
Pickup Truck Market Set to Grow
Staff Writer
February 18, 2025
The U.S. pickup truck market is set to grow by $51.6 billion from 2025 to 2029. However, the growth momentum will progressing at a CAGR (compound annual growth rate) of…
Hertz Completes 30,000 EV Fleet Reduction
Staff Writer
February 18, 2025
Hertz Global Holdings reported Q4 revenue of $2.0 billion and a GAAP net loss of $479 million, or $1.56 loss per diluted share. The FY 2024 included revenue of $9.0…
Penske ‘Pleased’ With Q4 Results
Staff Writer
February 18, 2025
Penske Automotive Group announced fourth quarter and 12-month 2024 results. For the fourth quarter, net income attributable to common stockholders was $236.4 million compared to $190.7 million in the prior…
Bank Names Specialty Finance President
Staff Writer
February 17, 2025
First Business Bank added Niamh Kristufek to its parent company, First Business Financial Services, as president of specialty finance. With extensive financial services experience, Kristufek provides strategic guidance and expertise…
PPI Increases in January
Staff Writer
February 17, 2025
The Producer Price Index for final demand increased 0.4% in January, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. Final demand prices rose 0.5% in December 2024 and…
Repair Firm Offers Diagnostic Tool to Dealers
Staff Writer
February 17, 2025
Repair On-Demand announced a new milestone on Feb. 13: the company is now selling its BlueDriver MAX diagnostic tool directly to automotive dealerships. This direct-to-dealer sales model, combined with the…
Lithia Reports Huge Q4 Revenue
Staff Writer
February 17, 2025
Lithia & Driveway reported the highest fourth quarter revenue in company history and the first profitable year for Financing Operations, which includes Driveway Finance Corporation. Fourth quarter 2024 revenue increased…
