Automakers are investing billions in batteries for EVs

Timothy

[ad_1] Stellantis, the business in charge of US auto brands Jeep, Chrysler, Dodge, Ram, Fiat, and Alfa Romeo, announced on May possibly 24 that it would be partnering with Samsung to develop a new $2.5 billion electric vehicle battery manufacturing facility in Kokomo, Indiana. Stellantis has its sights established on […]

Asbury back in the market to buy car dealerships

Timothy

The timing of the Larry H. Miller acquisition and the company’s subsequent debt shedding labored out effectively for Asbury. Hult explained Asbury did not see several businesses up for sale all through the very first 50 % of the calendar year that tempted executives to depart from its designs for […]

EFG: Car dealers should thrive in remainder of 2022

Timothy

Dealerships are poised to have a strong second 50 percent of 2022, EFG Cos. predicted in a midyear examination. “Submit-COVID powerful client money positions, favorable credit history terms and pent-up need all spell income opportunities for vendor principals in the 2nd fifty percent of 2022,” the finance-and-insurance policies product business […]

LAS VEGAS 2022 TOP 10: Highest-Selling Automobilia

Timothy

[ad_1] LOT #8299 – 1954 MOBIL OIL PORCELAIN SIGN WITH NEON – $34,500.00 It’s fitting that in a city known for neon lights, the Top 10 best-selling automobilia items at the 2022 Las Vegas Auction included neon. Along with the dazzling neon signs, coin-operated kiddie rides and vintage gas pumps […]

6 Mistakes People Make After a Car Accident

Timothy

[ad_1] Getting into an even modest auto incident can be devastating. People are inclined to be baffled and stressed following the incident. You may possibly lose observe of time and space, and some of us will even stress. Nevertheless, as tough as it could possibly be, it is quite important […]

The Average Used Car Price Is Now $33,000

Timothy

Regular rates for made use of automobiles are way up, with the normal markup growing previously mentioned $10,000—and nevertheless increasing. Age and body design and style are the most significant aspects in marketplaces, with late design units and luxury coupes offering irrespective of selling price gouging of 45-57%. Electrical motor […]

A perfect storm for Canadian car dealerships

Timothy

COVID and the provide chain crisis are not the only risks dealerships encounter. This has prolonged been a demanding course of business for insurers to underwrite profitably, in accordance to John Hawkrigg, chairman – Toronto, Gallagher Canada. “A great deal of the difficulties revolve all over weather and severe weather […]

Mini reveals all-electric Aceman concept

Timothy

[ad_1] Most of us will know instantly if the Mini Idea Aceman is a little something we are intrigued in. For the avoidance of any question, on the other hand, Mini’s very first number of sentences neatly sum up what we have in this article. ‘An all-electrical drive, the Charismatic […]