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US auto retailers falling new vehicle margins compress quarterly profits

Several U.S. auto retailers reported dour fourth-quarter profits this week, as price cuts and incentives to lure in buyers in a turbulent economy put a strain on new-vehicle margins. Higher vehicle production, which has eased supply, has also trimmed dealer margins, auto retail chain executives said this week. "Discounts and incentives on new-vehicles continue to rise, and that is putting downward pressure on pricing and profitability for dealers and automakers alike," a Cox Automotive report showed on Tuesday.

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Sonic Automotive: Despite Issues, Shares Still Offer Upside (NYSE:SAH)

Sonic Automotive: Despite Issues, Shares Still Offer Upside (NYSE:SAH)
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State of the Region: Buckle up, 2024 is going to be a ride

Embracing the State of the Union theme, RIoT Executive Director Tom Snyder discussed the economy and jobs, domestic and foreign affairs and North Carolina’s opportunities and threats. This is a transcript of that address.

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Doggett Automotive officially acquires Mike Smith Auto Complex in Beaumont

Doggett Automotive Group is continuing its expansion and growth in East and Southeast Texas, officially acquiring the five dealerships that made up the Mike Smi

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Used auto prices are down 22% from the pandemic peak level (NYSE:KMX)

Used auto prices are down 22% from the pandemic peak level (NYSE:KMX)
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