By Matt McFarland, CNN Business Retail sales of new cars are expected to fall 20.9% this month from the same period last year, amid vehicle shortages and sky-high prices, according to automotive research firms JD Power and LMC Automotive. The forecast is partly due to continued supply chain disruption andRead More →
DENVER – Getting a new car these days takes a lot of patience. “Things haven’t really improved, and we see that the chip issue is still a problem for all manufacturers,” said Kevin Shaughnessy, vice president of operations and partner at Phil Long Dealerships. Supply and labor constraints continue toRead More →
FN Media Group Presents Microsmallcap.com Market Commentary NEW YORK, April 25, 2022 /PRNewswire/ — UK Car Sales jumped 28% in January 2022, the strongest rebound in seven months thanks to growing demand for battery-powered vehicles. According to the Society of Motor Manufacturers and Traders, one in five buyers opted forRead More →
Colorado car buyers continued their steady push for all-electric vehicles and plug-in hybrids in the first quarter of 2022, although overall sales were down due to lack of supply and soaring interest rates, according to an analysis of car dealerships. Tesla sales were up 38% from the first quarter ofRead More →
Zeigler Auto Group of Kalamazoo, Mich., significantly improved its 2021 used-to-new ratio from the 1-to-1 ratio it posted for 2020, company president Aaron Zeigler said. Automotive News. Zeigler moved up nine places to 23rd, selling 29,604 used vehicles last year compared to 20,920 in 2020, an increase of 42%. TheRead More →