Category: Global

Sonic Automotive to take Q2 charge, suspends 8 EchoPark used-car stores

Sonic, in a late Thursday news release, did not identify which EchoPark locations it has indefinitely suspended. The retailer said the action will allow it to send additional used vehicles to key markets

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Average used car loans are now much more than the vehicles are worth

Used car prices have been all over the map in recent times, with some used models exceeding their new MSRPs as demand soared and supply dwindled. While that situation appears to have been

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Family-owned Albany car dealership celebrating 80 years in business

In a neighborhood and industry that has seen a lot of change over the years, Quail Auto Sales is still here. The family-owned and operated car dealership and auto shop is celebrating 80

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Lithia Motors acquires Ford car dealership near Atlanta

Lithia Motors Inc. has acquired metro-Atlanta dealership Wade Ford, just a little over a week after adding 14 dealerships in Virginia from Priority Auto Group to its stable and continuing an aggressive acquisition

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Drivers could see used cars worth much less as sky-high prices fade

Drivers who took on auto loans at high interest rates and paid sky-high prices for cars could face some headaches down the road as car values pull back in an economic slowdown. The

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How to save money when shopping for a car – The Washington Post

With high interest rates, limited options, skyrocketing prices and scarce discounts, it’s a tough time to be in the market for a car. But if you want or need one now, there are

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Tallahassee Mercedes-Benz dealership lists most expensive car in market

A new 2022 redesign Mercedes-Benz AMG SL 63 convertible with a price tag of $199,785 at Capital Eurocars Mercedes-Benz is the most expensive vehicle on display in a Tallahassee showroom. Sales Manager Angus Thomas says

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Canada’s Alpha Auto to buy UK dealership Lookers for £465mn

Lookers, one of the last remaining listed car dealership groups in the UK, is to be bought in a £465mn deal after being approached by a private Canadian owner, Alpha Auto. The buyer,

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Wholesale Used-Vehicle Prices Continue to Slide in First Half of June

Wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) decreased 3.2% from May in the first 15 days of June. The midmonth Manheim Used Vehicle Value Index dropped to 217.3, which

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Jardine Matheson’s Investment Arm To Partner With Southeast Asian Car Marketplace Carro – Forbes

Jardine Cycle & Carriage (JC&C), the investment arm of Hong Kong-based conglomerate Jardine Matheson, has teamed up with Singapore’s online automotive marketplace Carro in a deal worth more than $60 million to step

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