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Retailing older cars with confidence in today’s market is a matter of establishing and following a clear process that can turn greater profit for auto dealers in a market hungry for used units.
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The agency sent warning letters to dozens of auto groups about what it described as illegal practices and urged them to ensure their pricing policies enable transparency with consumers.
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New-vehicle sales fell year-over-year for the fifth month in a row in February, making retail deliveries the slowest they’ve been since 2023, according to a CarGurus report.
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The automaker says its California skunk works is already finding efficiencies to lighten traditionally heavy electric vehicles for lower cost, plus extended range.
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Both vehicle values and conversion rates sped up last week as two segments outperformed in the pre-spring burst of buying.
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GM says it sells the cheapest electric vehicle in the U.S. market. It explains how it made improvements to the entry-level EV while keeping its price down.
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A Tennessee-based automotive group with deep industry history picked up the well-established Honda store, rebranding it.
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GM says more than 750 dealers across the U.S. are enrolled in CarBravo and that in January CarBravo dealers sold over two times the certified volume of Chevrolet, Buick and GMC dealers using traditional CPO.
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A flat national rate despite inflation and other financial challenges shows industry loyalty stability, annual Reynolds and Reynolds research finds.
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More Americans are open to made-in-China than one might think, especially the youngest, though general awareness here of its growing brands is limited.
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The overall cars segment was about flat last week, similar to the rest of the wholesale market.
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