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California Store Has New Owner
The longtime dealership in the northern part of the state is known for robust fleet sales and has served the state capital for 115 years.
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AE Magazine
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SEARCHMENUSEARCHThe longtime dealership in the northern part of the state is known for robust fleet sales and has served the state capital for 115 years.
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Porsche SE, Volkswagen’s biggest shareholder, said it plans to scoop up 25 percent, plus one extra share, in carmaker Porsche AG voting stock when VW lists the sports car brand.
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The Stellantis brand announced plans for half of U.S. sales and all European sales to be fully electric vehicles by 2030.
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Gov. Gavin Newsom’s office tells reporters that the state’s power grid is on track to handle the influx of electric vehicles on California roads resulting from a new state ban on the sale of gasoline-powered cars here by 2035.
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The market saw continued declines last week, with the overall rate of depreciation being consistent with what we have experienced over the last five weeks.
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The Motor Industry Vehicle Board in New Hampshire ruled that Subaru of New England “unreasonably withheld consent of sale” of Prime Subaru Manchester to Group 1 Automotive Inc.
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General Motors will offer buyouts to U.S. Buick dealers who do not opt in to the brand’s plans to be all-electric by 2030.
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Ford Motor Co., General Motors, and Rivian recently issued recalls that affect nearly 400,000 U.S. vehicles, reports the NHTSA.
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iSeeCars research finds prices of battery-electric vehicles (BEVs) rose 54.3%, while used internal-combustion-engine (ICE) vehicle prices rose 10.1%.
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Despite negative economic headlines and a volatile stock market, auto retailers continued their expansion through acquisition, with buy/sells increasing 16% YOY, despite spending pullbacks by public retailers, according to the Second Quarter 2022 Blue Sky Report® by Kerrigan Advisors.
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The Estimated Average Weekly Sales Rate dropped to 60% last week.
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