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Dealership Profits Decline
While new and used retail sales stagnated, dealerships have been particularly supported by fixed operations and finance-and-insurance profits, according to a new report.
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SEARCHMENUSEARCHWhile new and used retail sales stagnated, dealerships have been particularly supported by fixed operations and finance-and-insurance profits, according to a new report.
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Kerrigan Advisors’ Erin Kerrigan sees a positive, record-breaking buy/sell market for 2022 and maybe into 2023.
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The automaker will stick to its plan to list its Porsche sports-car maker later this year as to finance its pivot toward electric vehicles (EVs).
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NHTSA has announced occupant protection safety standards for vehicles with automated driving systems, covering everything from seatbelt reminders to advanced airbags.
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Wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) were essentially unchanged from May after the first 15 days of June.
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West Herr Automotive Group purchased a Mazda dealership this month while Gee Automotive Cos. purchased another Subaru dealership
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AvtoVAZ has started building vehicles without airbags, antilock brakes and other safety features because international sanctions have blocked imports of needed parts.
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LMP Automotive Holdings Inc. sues dealership owners in New York and Texas for a combined $3 million in deposits it made to acquire their stores.
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GM and Ford top execs say U.S. consumer demand for cars and trucks remains strong, despite soaring interest rates and gas prices.
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Honda Motor Co. and Sony Corp. have entered agreement to set up a “high-value-added” electric vehicle venture under the name Sony Honda Mobility Inc.
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General Motors and Ford Motor Co. CEOs say they are watching for signs of a U.S. recession, despite demand for autos being strong.
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