2021 was the best year ever for the BMW Group in terms of electric vehicle sales as the German conglomerate delivered 103,855 cars without combustion engines. The performance was particularly impressive when you factor in the supply bottlenecks and the COVID-19 pandemic still impacting some parts of the world. For […]
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DETROIT – Amid an ongoing chip shortage, Ford is reportedly planning to ship and sell vehicles without certain non-critical chips as the automaker deals with a pile of unfinished vehicles. Automotive News reports that Ford told dealerships on Saturday that they plan to sell vehicles without chips for some non-safety features, […]
A car leased three years ago is worth way more now at the end of its lease than was predicted. The humble Volkswagen Tiguan leads the list with a 61.3% increase. But the Camaro is worth $12,346 more in cash. Yes, these are weird times we’re living in. You can’t […]
Prime Automotive Group is looking to sell its 31 dealerships, including the seven it owns in Maine, trade publication Automotive News is reporting. The Massachusetts-based company has been swirling in controversy for years, capped in February when the head of its parent firm, GPB Capital Holdings, was arrested and charged […]
DETROIT (AP) — Rick Hendrick erased any doubt that marketing in motorsports is still effective when his automotive sales group bought the sponsorship rights through 2023 for NASCAR title contender Kyle Larson. © Provided by The Canadian Press With few companies willing to back Larson upon his return from a […]
General Motors and Honda have tightened the screw on lease returns to ensure their franchised dealers have an adequate supply of used cars to sell in a period marked by shortages and skyrocketing prices. Both firms made it significantly more difficult for someone leasing a car to return it to […]
Photo: AP (AP) Hyundai sales are good in the U.S., Porsche is going to issue a recall for Taycan, and Volvo. All that and more in The Morning Shift for July 1, 2021. 1st Gear: New Car Inventory Is Very Bad Sales in June are expected to be good and […]
– May 26, 2021 As inventory levels fall 33% for new and 28% for used cars, local dealers are paying consumers more for their used trade-in vehicles.1 CHICAGO, May 26, 2021 — Car shoppers are ready to take advantage of Memorial Day weekend deals — if they can find them, […]
By Weston Blasi The average cost of a used car or truck has surpassed $20,000, a 10% increase over the past 12 months The used car market is booming. The average cost of a used car or truck has surpassed $20,000 (link), a 10% increase over the past 12 months. […]
The used car market is booming. The average cost of a used car or truck has surpassed $20,000, a 10% increase over the past 12 months. The surge may not be slowing down anytime soon due to low supply and high demand issues in the automobile industry. Cox Automotive, which […]