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Consumers seeking lower prices on dealership lots must wait until 2023, reported auto-industry leaders at the New York International Auto Show.
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Industry leaders dispel the notion that dealers do not support EV sales.
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Stellantis has suspended production at its Russian plant, which employs 2,700 people, over logistical difficulties and sanctions imposed on Moscow.
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DriveBid, with Black Book data, helps dealers find, bid and buy vehicles direct from consumers.
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Experts suggest automakers focus their attention on the user experience and greater collaboration as they content with limited semiconductor chip supplies.
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Hyundai Motor Corp. will build an assembly plant in the U.S. for electric vehicles and batteries, COO Jose Muñoz announced.
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GM reported it had agreed to a multiyear deal for cobalt from Glencore’s Murrin Murrin mine in Australia.
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With low inventory and high demand, incentives dropped to a record low in March, averaging only 3.2% of the average transaction price.
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The Estimated Average Weekly Sales Rate decreased a little last week to 67%, with sellers holding firm to floor pricing.
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The luxury automaker credits strong factory-dealer communications as the reason dealers could sell into the pipeline.
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