Category: Global

Florida Doubles Down on Anti-Competitive Car Dealership Law

This week, Florida Gov. Ron DeSantis signed H.B. 637 into law. The bill, which goes into effect July 1, bans most vehicle manufacturers from selling their products directly to consumers. Instead, automakers must

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Men tricked used car buyers by altering odometers for years in Kentucky, feds say – Lexington Herald Leader

Two men have been indicted in federal court after authorities said they fraudulently altered odometers on used vehicles for sale in Kentucky. Alex Ramon via Unsplash Mechanics manually changed the odometers on used

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Used-Car Prices May Cool Off in Months Ahead, According to Industry Indicators (Bloomberg)

The article below is sourced from Bloomberg Wire Service. The views and opinions expressed in this story are those of the Bloomberg Wire Service and do not necessarily reflect the official policy or

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Peach Cars, a Kenyan used-car marketplace, raises $5M in seed investment

Image Credits: Peach Cars Kenyan automotive marketplace Peach Cars is announcing its $5 million seed round led by Japan-based The University of Tokyo Edge Capital Partners (UTEC) and other angel investors, including Shintaro

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Acura ZDX gets Google Built In

American Honda Motor Co.’s future evolution is not only electric, it’s digital. As the introduction of the automaker’s first new-era electric crossovers draws near with the Honda Prologue and the Acura ZDX, the

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Used-Car Prices Suggest Core Inflation Downdraft Is Imminent

The jump in used-car costs that propped up US inflation last month is widely expected to swing into reverse in June, finally delivering a slowdown in one of the most-watched price gauges.  Core

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Northeast Mississippi car dealership has major impact on the economy

Barnes Crossing Hyundai has top to bottom remodel of its showroom, service department and offices TUPELO, Miss. (WCBI) – While some car dealerships nationwide are reporting a decline in sales, a Northeast Mississippi

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Gov. DeSantis signs car dealership protection bill banning most direct-to-consumer auto sales

It’s a good day for auto dealers in the Sunshine State, and not so great for motorists who’d prefer a more direct route for buying a new coupe, sedan or SUV. Gov. Ron

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Used-Car Retail Prices Rise, and Carvana Stock Surges.

Used-car pricing is rising. That’s bad for car shoppers. But aren’t car prices dropping? It depends on where investors look. Either way, investors are feeling better about auto-dealer stocks. May consumer-price data arrived

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AutoNation buys 5 car dealerships in California

Baker said he bought out his father, the late Bob Baker, over 10 years, aside from a few stores his father had sold separately. Bob Baker, who died in 2021 just shy of

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