NADA Is Renting Out an Entire Universal Theme Park for Its Orlando Welcome Reception
The NADA Show is heading back to Orlando for the first time in 13 years, and the exhibit floor already sold out with a waiting list before registration even fully opened. The welcome reception detail is the one worth sitting with: attendees get the run of Universal's brand-new Epic Universe.
Dealers Did 96% of New-Car Sales Last Year. NADA Wants 100%.
NADA President Mike Stanton joined the show to lay out the association's priorities heading into the back half of the year, and nearly every one of them traces back to a single number: dealers accounted for 96% of new-car sales last year, and NADA's goal is to close that last gap entirely.
Teenagers Are Already Smarter Than ChatGPT's Guardrails
OpenAI rolled out ChatGPT for Teens this week, built to help students learn without simply doing the work for them. It took one reporter three messages to get it to write a full essay anyway.
Tesla is reportedly preparing to put its purpose-built Cybercab into public service in Austin as soon as this month. The steering-wheel-free robotaxi is central to Elon Musk's autonomous future. Whether the technology underneath it is ready for that role is still very much an open question.
Carvana Priced Itself Above the Market. Buyers Showed Up Anyway.
Carvana's new-car stores are routinely pricing vehicles above nearby franchised competitors, and customers are buying them faster anyway. That's not a pricing story. That's a value story.
🚗 Group 1 Is Betting on One Name. Does Anyone Know What It Stands For?
🚙 Group 1 Automotive is consolidating dozens of legacy dealership names under one brand, with more than 60 stores already rebranded, representing over half its annual U.S. sales volume. The company plans to acquire 10 Hennessy dealerships in metro Atlanta, growing its footprint there from 3 stores to 15.
An 87-Year-Old Just Paid $40 Million for a $640,000 Car. The Real Trick Is the Math.
Ferrari's first production-spec Luce arrived at Monterey Car Week with an estimated auction value around $1.1 million. It sold for $40 million instead.
Group 1 Is Betting on One Name. The Real Test Is Whether Anyone Knows What It Stands For.
Group 1 Automotive is leaning harder into a "cluster strategy," building dense dealership footprints in key metros while consolidating dozens of legacy dealership names under one brand.
🚗 What Does an Automaker Do When the Government Shows It the Door?
🚙 If your franchise brand has foreign ownership ties under any regulatory scrutiny, this case is worth watching. It's the first real test of whether "the government made us do it" holds up as a clean exit.
A Dealer Is Testing What an Automaker Owes You When the Government Shows It the Door
A New Jersey dealer group is suing Polestar for $25 million, arguing the EV maker is using a federal sales ban as an escape hatch from its franchise obligations, and setting up a much bigger fight with its U.S. retailers in the process.
