Category: Global

Peach Cars, a Kenyan used-car marketplace, raises $5M in seed investment

Image Credits: Peach Cars Kenyan automotive marketplace Peach Cars is announcing its $5 million seed round led by Japan-based The University of Tokyo Edge Capital Partners (UTEC) and other angel investors, including Shintaro

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Used-Car Prices Suggest Core Inflation Downdraft Is Imminent

The jump in used-car costs that propped up US inflation last month is widely expected to swing into reverse in June, finally delivering a slowdown in one of the most-watched price gauges.  Core

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Gov. DeSantis signs car dealership protection bill banning most direct-to-consumer auto sales

It’s a good day for auto dealers in the Sunshine State, and not so great for motorists who’d prefer a more direct route for buying a new coupe, sedan or SUV. Gov. Ron

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AutoNation buys 5 car dealerships in California

Baker said he bought out his father, the late Bob Baker, over 10 years, aside from a few stores his father had sold separately. Bob Baker, who died in 2021 just shy of

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Toyota future EV plans include batteries with 900-mile range

As it prepares for its new products, factory engineers will also introduce a slew of manufacturing techniques for the 2026 EVs. Their goal is to halve the number of production processes, halve the

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Used car prices dropping but buying still isn’t easy

CHARLOTTE, N.C. — If you’re in the market for a used car, we have great news. Prices are falling, but that doesn’t mean buying one will be easy.  Prices are going down because

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Tri-Cities used car dealer building new showroom in Kennewick

Building supplies and heavy equipment are staged in a field for… Continue reading this news update.

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What do car dealers have to be worried about? Plenty, survey says.

Car dealers in the U.S. are still worried about the future. They’re no longer concerned about a lack of cars to sell. But high interest rates and economic uncertainty have them worried would-be

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The Intersection 6-11-23 | Automotive News

The EV battery’s circle of life EV batteries. You have to build them, charge them, recycle them — and make sure there’s enough of them. This week’s Automotive News covers a variety of

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Cars stolen from Centerville dealership for 2nd time in 2 weeks – WHIO TV 7 and WHIO Radio

CENTERVILLE — Police are investigating after multiple cars were taken from a Centerville dealership for two weeks in a row. On the morning of Saturday, June 3, Centerville officers were called to Performance

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