CLEVELAND, Ohio — Eleven men are charged with racketeering after prosecutors say they broke into dozens of dealerships and stole 86 cars worth more than $5 million. The group ripped off 26 businesses
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With spring car-buying season in full swing, those looking for a deal in the used-car market are not likely going to find one. According to a new report, “Used Market Enters Uncharted Territory
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Tesla CEO Elon Musk announced Tuesday night the company will begin advertising its products for the first time. “So I guess I should say advertising is awesome, and everyone should do it,” Musk
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Two all-electric cars remain at the top of the best-selling list. May 17, 2023 at 8:54am ET New vehicle sales in California increased slightly during the first quarter of 2023, reaching roughly 450,000
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When wholesale used-vehicle prices fell during the second half of 2022, many dealers chose to hold off on stocking inventory because they didn’t want to risk it declining on their books, said Chris Frey,
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More than a year after splashing out $104 million to purchase Penfold Motor Group, car retailer Peter Warren Automotive Holdings (ASX: PWR) has announced it is continuing its consolidation strategy with the acquisition
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It seems like every year the sleaziness of car dealerships gets taken to a whole new level. Take the report from the Miami Herald of a dealership employee who made nearly $200,000 from
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EMMAUS, Pa. – A new report from the Associated Press says millions of Americans want to buy a new car but can’t afford it. As a result, the average age of a vehicle
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Tesla Inc. contributed almost one-quarter of Shanghai’s total automotive production value last year, local media reported, in a sign of how quickly the electric car maker has ramped up output in China. The
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Executives from Stellantis and Ford last week said they would be more disciplined on pricing as the year continues. “For North America, I think [it’s] very important that we maintain our price positions,”
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