Credit unions are a car lending force
However, Jack Schmidt, principal of Jack Schmidt and Associates, a dealership financial consulting firm, said Adventure Subaru in Painesville, Ohio, had been able to manage the competition from credit unions...
Mini store in Scotland takes on ‘stern’ BMW over use of name
A used Mini store in Scotland is battling BMW with emojis and a sense of humor.The fight began after Bridgend Motor Group opened Mini World, a showroom specializing in the...
Wholesale used-vehicle prices up again in March
Wholesale used-vehicle prices rose again in March, according to two major indicators. One of those, the Manheim Used Vehicle Value Index, recorded a fourth-straight month of increases because of continued...
Q1 auto sales rise 8.5%, countering recession fears
Pricing continues to be a headwind despite the strong quarterly figures. The industry average in March reached a record $45,818, up 3.5 percent from a year earlier, according to J.D....
L.A.’s Felix Chevy among 4 car dealerships sold in 4 states
Auto retail investment company Open Road Capital and Rinaldi Halim on Dec. 19 bought an iconic Chevrolet dealership in California — known for its sign featuring Felix the Cat.Open Road...
Toyota targets 1.5 million EV sales by 2025, with 10 new models
Sato has said his EV overhaul will lead off with Lexus, which already has said it plans to go fully electric worldwide by 2035 and sell 1 million EVs globally...
Tesla cuts prices again as EV incentive halved for base Model 3
Tesla Inc. cut prices across its U.S. lineup late Thursday after reporting first-quarter sales that were sharply higher but failed to meet CEO Elon Musk's internal goal of 50 percent...
Treasury EV tax credit guidelines: What’s clarified, what’s missing
Even so, how Treasury decides to define and enforce the law's foreign entity of concern provision "will make or break the national security benefits," said Robbie Diamond, CEO of SAFE,...
Tesla co-founder, former tech chief Straubel returns to board
That sole shareholder resolution comes from Karen Róbertsdóttir, an investor in Reykjavik, Iceland, who wants Tesla’s board of directors to prepare and publicly disclose a report on Tesla’s key-person risk....
Forbes ranks Elon Musk, BMW heirs among richest auto billionaires
The list includes six U.S. billionaires involved in auto retailing, along with four dealers in Asia and one in Switzerland. Gulf States Toyota owner Dan Friedkin tied with Enzo Ferrari's...