Category: Global

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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The Intersection 6-18-23 | Automotive News

GM and Toyota flip the script Just when you think you have them all figured out, they find a way to surprise you. Toyota and General Motors, the two top-selling automakers in the

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Car Dealer Websites Are Truly Terrible, New Study Shows How To Fix Them

The internet has transformed the car buying process, but even minor wording choices can cost dealers a sale. According to Shift Digital’s Winning Strategies for Converting Shoppers to Buyers, dealers should list “no

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Tesla and other EV makers get carve-out in Florida auto sales ban

A new Florida law changes how cars can be sold in the Sunshine State, hampering the nation’s largest automakers while boosting electric vehicle makers.  Gov. Ron DeSantis this week approved HB 637, which

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DeSantis signs bill to ban direct-to-consumer car sales

TALLAHASSEE, Fla. — Salesmen at car dealerships across Florida can rejoice in a bill Gov. Ron DeSantis signed into law that bans most direct-to-consumer auto sales. Under the law, it bars automakers from

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Indictment: Kentucky used-car dealer rolled back mileage readings to pump up profits – Lexington Herald Leader

A Kentucky auto dealer rolled back mileage readings on vehicles to overcharge customers, a federal grand jury has charged. The grand jury indicted Randy Huff and a former employee, Donnie Wilson, this week

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Elon Musk's Tesla EVs exempted from Florida ban on direct car sales – Tallahassee Democrat

Show Caption Hide Caption Freebee ride in a Tesla, pilot program for downtown Fort Pierce Take a Tesla ride around downtown Fort Pierce with Freebee Eric Hasert, Wochit If you’re in the market

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DeSantis Bans Direct-to-Consumer Car Sales, Leaves Tesla Exception

Getty Images Florida Gov. Ron DeSantis signed a bill banning direct-to-consumer car sales. But the bill leaves a notable exception for electric car companies like Tesla. DeSantis has a cozy relationship with Tesla

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Carvana stock moves higher as used car prices begin to rise

Shares of Carvana are on the rise as a result of the rising price of used cars. Yahoo Finance Live details how the company has began its recovery from pandemic lows. Video Transcript

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