Several Auto Retailers Announce Expansions
Sonic Automotive, Group 1 Automotive, the Lou Fusz Automotive Network, Barnes Crossing Auto Group, and Ed Morse Automotive Group all expanded their businesses recently.
Sonic Automotive, Group 1 Automotive, the Lou Fusz Automotive Network, Barnes Crossing Auto Group, and Ed Morse Automotive Group all expanded their businesses recently.
U.S. auto dealers see market weakness driven by inflation, economic anxiety, and tight inventory.
Porsche SE, Volkswagen’s biggest shareholder, said it plans to scoop up 25 percent, plus one extra share, in carmaker Porsche AG voting stock when VW lists the sports car brand.
The Stellantis brand announced plans for half of U.S. sales and all European sales to be fully electric vehicles by 2030.
Gov. Gavin Newsom’s office tells reporters that the state’s power grid is on track to handle the influx of electric vehicles on California roads resulting from a new state ban on the sale of gasoline-powered cars here by 2035.
The market saw continued declines last week, with the overall rate of depreciation being consistent with what we have experienced over the last five weeks.
The Motor Industry Vehicle Board in New Hampshire ruled that Subaru of New England “unreasonably withheld consent of sale” of Prime Subaru Manchester to Group 1 Automotive Inc.
General Motors will offer buyouts to U.S. Buick dealers who do not opt in to the brand’s plans to be all-electric by 2030.
Financing option makes unexpected repairs more affordable.
With this merger, NCM, the originator of the first automotive 20 Group in 1947, will further expand its footprint of products and services into several non-automotive industries.
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