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Repelled by high car prices, Americans are holding on to their vehicles longer than ever By TOM KRISHER May 15, 2023, sourced via the AP

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 […]

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Dealerships with strong used focus land on top – from Automotive News April 24, 2023

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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