WardsAuto Daily Edition
WardsAuto Daily

JUNE 25, 2021

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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.

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Autoline Daily: Top Industry News for June 25

Panasonic Pockets Billions on Tesla Share Sale; Ferrari’s New PHEV; Next-Gen XC90 Coming Standard w/ AV Tech

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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.

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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.

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Ferrari’s First V6 Placed in Hybrid Hypercar

From TU Automotive
Ferrari has unveiled its first V6 powered road-going sportscar in the shape of the plug-in hybrid 296 GTB.

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