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There has been a reduction in the number of loans given out by financial institutions to individuals who purchase automobiles and have the highest risk profile. This trend suggests that financial institutions are preparing for an economic downturn that may enable individuals to meet their financial commitments. As a resultRead More →

A SHOCKED mum has claimed her daughter’s Ford Fiesta was used for a 22 mile ‘school run’ while being serviced at their car dealership. Beverley McClarnan has slammed the Motorpoint dealer in Llansamlet – claiming the car has been driven 22 miles around Swansea. 5 Beverley McClarnan slammed the carRead More →

Criminals pretending to be legitimate used car dealerships continue to defraud customers – two months after the scam was first revealed. Although the police, the website hosting company and Facebook have all been informed, the criminals continue to actively defraud used car buyers with their money. Advertisements for suspiciously low-pricedRead More →

The chairman of Norwich’s Scranton Chevrolet recently paid $486,000 for a 162-acre property in Andover as a private woodland recreation area. Matchacam Ally LLC paid $486,000 for the residential property at 0 Shoddy Mill Road, buying it from the Laudano family in a deal registered on October 31. Matchacam Ally’sRead More →

Castleford-based Peugeot dealership Peter Ambrose (Castleford) Limited has become an employee-owned business. It changed hands after founder and co-shareholder Peter Ambrose sold the business to the new company Peter Ambrose (Castleford) Trustee Limited – an employee shareholding trust. (EOT) Ambrose started the company in 1999 and it has grown significantlyRead More →

A Castleford Peugeot dealership has become employee owned after its founder agreed to a sale. Peter Ambrose (Castleford) Ltd was created in the name of its founders in 1999 following a management buyout of the French brand. Now one of the region’s most respected dealers, the business changed hands forRead More →

Other significant deals of the year include Wally Darwish’s April purchase of 10 Fuccillo Automotive Group franchise dealerships and Jeff Wyler Automotive Family’s February purchase of seven Superior Automotive Group new-vehicle stores. James Mitchell and Erin Rice of Dealership Capital Services, part of commercial real estate services firm Cushman &Read More →

Shares of upstart used-vehicle chain Carvana fell another 16% on Monday, undermined by the company’s struggles with falling prices and weaker demand for its products. The latest downturn comes after shares fell nearly 40% on Friday following Morgan Stanley analyst Adam Jonas’ decision to suspend his rating and price targetRead More →

A fire that broke out Friday night at a North Augusta car dealership caused $500,000 in damage and injured a firefighter. Just before 6:30 p.m. Friday, a fire broke out at J&H Auto Sales on the 700 block of East Martintown Road. The North Augusta Department of Public Safety respondedRead More →

Mark LaNeve, president of Franchise Equity Partners, agrees, saying that as business normalizes, more sellers will enter the market. Earnings in 2021 and 2022 gave dealers pause, LaNeve said. “You make five or six times what you made two years ago, this year alone, why would you want to sell?”Read More →

Sales of hydrogen fuel cell cars, a zero-emissions alternative to battery-electric cars, remain weak with little chance of significant growth. According to California Fuel Cell PartnershipAccording to data from , during the third quarter of 2022, only 153 hydrogen fuel cell cars (aka FCV or FCEV) were sold in theRead More →

Rishi Sunak must provide a “clear and compelling” growth strategy, according to an automotive trade body. The SMMT welcomed Sunak’s appointment as the new prime minister and congratulated him on his appointment. But the auto trade body joined other business leaders in calling for an end to recent “political andRead More →

An example of a fake website reflecting an Iowa dealership. The Consumer Protection Division of the Iowa Attorney General’s Office reports an increase in complaints about bogus car dealerships appearing online. Ashley Kieler, a spokeswoman for the AG office, says scammers create sophisticated websites that mirror legitimate dealerships and lureRead More →

The auto industry is kind of a weird place. Due to supply chain issues, getting your new vehicle can sometimes take months. On the plus side, for dealers, vehicles often don’t stay in the lot for long. It’s kind of like how the housing market was until a few monthsRead More →

As the December 2022 deadline approaches for implementing the latest safeguard rule changes, 2Secure Corp is introducing a comprehensive FTC compliance service for New Jersey auto dealerships. Ocean Township, New Jersey–(Newsfile Corp. – Oct. 23, 2022) – Following May 2022 Safeguard Rule guidance issued by the Federal Trade Commission (FTC),Read More →

A used car dealership whose boss was convicted of fraud earlier this year has been ‘devastated’ by a fire. Five fire crews from Wiltshire and Gloucestershire tackled the blaze at Hyams Autos in Malmesbury early yesterday and an investigation into the cause is continuing. Dorset & Wiltshire Fire and RescueRead More →

(MENAFN-Panama Newsroom) Sales of new cars will exceed 5,000 units in October, boosted by sales during the “October Motor Fest” organized by the Automobile Dealers Association of Panama (Adap). Bogdan Batinovich, president of the automobile union, indicated that generally, the shows organized by Adap have an impact of moreRead More →

This article comes to us courtesy of EVANNEX, which manufactures and sells aftermarket Tesla accessories. The opinions expressed therein are not necessarily ours at InsideEVs, nor have we been paid by EVANNEX to publish these articles. We find the company’s perspective as an aftermarket supplier of Tesla accessories interesting andRead More →

New Delhi: Rebounding from two years of the pandemic, car dealers are expecting a bumper sale of two- and four-wheelers during the auspicious Dhanteras this year. Dealers are expecting a rush of autos in all categories. Federation of Automobile Dealers Associations (FADA) Chairman Manish Raj Singhania said dealers are sittingRead More →

HONG KONG, Oct 20 (Reuters Breakingviews) – Automakers are reaching China’s growth limit. The industry achieved four consecutive months of double-digit growth in September, when shipments reached 2.3 million, up 33% from a year earlier, according to the China Association of Automobile Manufacturers. But temporary government incentives have greased sales,Read More →