Car prices soared after the coronavirus lockdowns, and two years into the United States’ worst inflationary episode since the 1980s, the industry demonstrates that getting back to normal will be a long and
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“What’s causing that is that so many people have gotten sticker shock” at the interest rates available, Eleazer said. Customers aren’t aware of the rise in interest rates that has taken place since
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The enthusiasm about dealership ownership from Vijayan’s executive team today stands in contrast to the mixed reactions the Tekion CEO got when he first floated the idea back in late 2019. Investing money
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TOKYO — The rebranded Tokyo auto show wants to become the “Davos of Mobility.” Imagine a who’s who meetup of business leaders from the traditional automotive industry and whiz kids from innovative startups
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In a Columbia parking lot on Wednesday afternoon, there was a reminder of Christmas. It wasn’t leftover decorations or early preparations for a summer “Christmas in July” sale. It was the temporary tag
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Umansky Automotive in April sold five stores in Charlottesville, Va., to Flow Automotive Cos. Umansky Automotive also has stores in California, Mississippi and Wisconsin. Asbury CEO David Hult, in a statement, said the
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With spring car-buying season in full swing, those looking for a deal in the used-car market are not likely going to find one. According to a new report, “Used Market Enters Uncharted Territory
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Dealers were responsible for nearly one third of the total BEV sales in Q1 2023. May 17, 2023 at 4:13pm ET The latest report about car sales in California brought up very interesting
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Tesla CEO Elon Musk announced Tuesday night the company will begin advertising its products for the first time. “So I guess I should say advertising is awesome, and everyone should do it,” Musk
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When wholesale used-vehicle prices fell during the second half of 2022, many dealers chose to hold off on stocking inventory because they didn’t want to risk it declining on their books, said Chris Frey,
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