From the June 5, 2023 edition of Automotive News Penske to replace Indy 500 fan’s smashed car A fan whose car was smashed by a tire that went flying during the Indianapolis 500 is getting a new ride, courtesy of the track owner who happens to be one of the country’s biggest auto dealers. Penske […]
Wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) decreased 2.7% from March in the first 15 days of April, according to the midmonth Manheim Used Vehicle Value Index released April 18, which dropped to 231.7 and was down 4% from April 2022. The seasonal adjustment contributed to the decline. The non-adjusted price […]
ANN ARBOR, Mich. (AP) — With new and used cars still painfully expensive, Ryan Holdsworth says he plans to keep his 9-year-old Chevy Cruze for at least four more years. Limiting his car payments and his overall debt is a bigger priority for him than having a new vehicle. A 35-year-old grocery store worker from […]
Dealership groups on Automotive News’ annual ranking focused strongly on used-vehicle operations in 2022, seeking trade-ins and buying directly from consumers to pad used inventories and sustain sales. Honing their used-vehicle operations proved critical again last year for franchised dealership groups contending with slightly improved but not fully recovered new-vehicle production. Cavender Auto Family, of […]
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For many of us in the Midwest, Summer is a welcomed time to get outside to enjoy the beautiful weather. For those who are in the car biz and Rental Car Biz it’s a busy time. Taking advantage of the summer season can make or break your year. Inventory becomes a little scarce around this […]