(QUEEN CITY NEWS) — Regional used-car dealership U.S. Auto Sales sent a letter to employees last week telling them to clock out, according to Automotive News. The company owns several locations across the
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There is some good news if you’re in the market for a used car. After supply chain issues pushed used car prices up dramatically in 2021 and 2022, the hot market has started
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Penske Automotive Group on Wednesday posted record first-quarter revenue of $7.3 billion, up 5.2 percent from the same period in 2022. Net income for the publicly held company fell 18.9 percent to $299.6
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The International Energy Agency says electric car sales are booming. In a report issued on 26 April, the IEA said global sales are on course to jump 35% this year. However, according to
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The record sales figures, contained within the International Energy Agency’s Global EV Outlook for 2023, continue a trend of sustained growth for the industry. “Electric car sales — including battery electric vehicles (BEVs)
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Published: 4/25/2023 5:00:08 PM Modified: 4/25/2023 4:59:45 PM NORTHAMPTON — After selling off the last of its vehicles, Pleasant Journey Used Cars is ready to turn in the keys on its business. The
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Robert Essel NYCGetty Images Car dealerships collectively ended March with 1.89 million new vehicles in stock, according to Kelly Blue Book, returning nearly to pre-pandemic inventory levels. Kelly Blue Book’s parent company, Cox
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Used car prices are still elevated, but there are signs that the market is finally cooling. CarGurus’ used car price index shows that average used pricing for most brands has fallen over the
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Meta’s Facebook Marketplace is enforcing new restrictions on vehicle listings that appear designed to push car dealers toward paid advertising, and the change is creating an uneven early impact. Some dealers say they
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That’s a 31 percent increase year-over-year, but far less than in Q3 and Q4 2022. Apr 24, 2023 at 3:26pm ET Volkswagen Passenger Cars reports that its global car sales improved during the
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