Vehicles are sitting on dealership lots an average of 70 days as of April 13, according to J.D. Power, while incentives per vehicle have hit a record $3,499 as of April 16, reports CNBC. Sha... Read more
Publicly-listed AutoNation Inc. saw first quarter Earnings Per Share rise eight percent compared to the same quarter in 2016 on net income of $98 million, helped by strong used car sales as... Read more
True Car and Galves Market Data are piloting a used car valuation tool that allows consumers to receive a trade-in offer from a participating dealership that is based on the Galves Market Da... Read more
Zhejiang Geely Holding Group, owner of Lynk & Co, decided that due to its unconventional distribution model a 2019 date is more likely. See the full story here at The Truth About Cars. S... Read more
Update: Lynk & CO has said that it will have a dealership network, but that the cars will initially be sold on line. It will eventually establish a network of company-owned dealerships.... Read more
By Alysha Webb, Editor and Publisher The Federal Reserve last December increased its target interest rate by 25 basis points. In March, it once again boosted the rate by 25 bps. Money is a b... Read more
I am in Shanghai to attend press days at Auto China, and last night I attended a press event for a new brand that Chinese automaker Geely recently launched. Like many new entrants into the a... Read more
Bob and Lew Lorenzoni, owners of Stateline Chevrolet, have purchased nearby Lindwall Motors. As competitors, they had a good relationship and when the time came for Ed Lindwall to sell his d... Read more
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