WardsAuto Megadealer 100: Revenues Down, Profits Up in 2020

Click to download 2021 ranking
Total revenues were about $59 million for the average U.S. dealership in 2020, down 4.2% vs. 2019, according to the National Automobile Dealers Assn. But total expenses declined 5.6% on average to $6.6 million. As a result, pretax net profit per dealership increased 48% for the year, to $2.1 million, NADA says.

Full article

Lucid Unveils BEV in New York Amid Dealer Resistance

The New York State Automobile Dealers Assn. opposes allowing start-up EV OEMs to conduct direct-to-consumer sales, as Lucid Motors hopes to do.

Full article

Acura TLX Type S Sport Sedan Arriving at Dealerships

The Type S is powered by a turbocharged 3.0L DOHC V-6 generating 355 hp and 354 lb.-ft. (480 Nm) of torque. The upcoming ’22 Acura MDX Type S also will use the new engine, which is a candidate for Wards 10 Best Engines & Propulsion Systems honors.

Full article

Lexus Again Leads Most-Seen Auto Ads Ranking

In the top ad for the week of June 14, Lexus encourages car buyers to strive for more – aided by the brand’s RX midsize luxury CUV in the pursuit of that goal.

Full article

Creature Comforts Abound in All-New ’22 Infiniti QX60

“We’ve enriched the all-new 2022 Infiniti QX60 in ways that our owners asked for,” says Eric Rigaux, Infiniti global head of product strategy. Arriving in North America late this year, the ’22 QX60 features V-6 power and a crafted interior.

Full article