Beaten-down Carvana (CVNA) shares are surging on Friday after the largest online used car retailer in the country said it will report a profit in the second quarter. Carvana reported Q1 an adjusted
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The company attributed the first-quarter sales volume decline to a “strong pace” of inventory reductions from fourth-quarter 2022. It also said it cut its advertising spend by 64 percent year-over-year, which impacted retail
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BERLIN — BMW AG reported a higher earnings margin for its cars segment, with a rise to 12.1 percent in the first quarter from 8.9 percent a year earlier. BMW benefited from continued
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New light-vehicle sales in April were up 2.3 per cent compared with the same period last year, but still below pre-pandemic levels, at an estimated 144,069 units compared with 180,616 in April 2019, according
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Morgan Automotive Group, one of the largest dealership groups in the country, continued its rapid pace of acquisitions with the purchase of four dealerships in Florida in March and April, chairman Larry Morgan
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Photo: Chevrolet I love driving past used car lots. It’s basically a spectator sport for me, which is thrilling and exciting, and full of hope but, also, disappointment. Every now and then, I’ll
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Auto retailers continually make the same errors in deal jackets in part because lenders aren’t giving them specific data on the problems, according to Jessica Gonzalez, director of winning strategies and account management
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The car market is improving but things are still rough for most buyers and of course celebrity “finance experts” are happy to dole out their usual, mostly unhelpful, advice for folks struggling to
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Hyundai and Kia racked up U.S. sales gains for the ninth-straight month in April on higher inventories and incentives, signaling pent-up demand remains healthy even as rising interest rates cool the U.S. economy
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BRIXWORTH, England — Mercedes-Benz has engaged its Formula One team in the engineering process to build vastly more efficient mass-market electric vehicles, slashing development times by a quarter or more as it jump
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