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Industry•by Staff•November 11, 2022

Big Dealership Buy Is Biggest So Far This Year

Safford acquires 16 stores in Maryland, Virginia.

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Industry•by Staff•November 11, 2022

Rivian’s Q3 Misses Forecasts

Widens year-over-year net loss to $1.72 billion.

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Industry•by Staff•November 10, 2022

BEV Surge Could Benefit Overall Vehicle Sales

Expert says a move away from ICE models could lift BEV and ICE markets for a time.

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Industry•by Staff•November 10, 2022

Mazda Warns of Leaner Times as It Reports Strong Q2

Expects weakened U.S. market in the spring.

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Industry•by Staff•November 10, 2022

Buyers Pay More for New Vehicles in October

Figures based on latest Kelley Blue Book average transaction price data.

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Industry•by Staff•November 9, 2022

VW Flex Payment Program in 2nd Year With Sunbit

Since early 2021, over 17,000 VW customers have paid for repairs over time with Sunbit technology.

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Industry•by Staff•November 9, 2022

Analysts Bullish About Porsche AG After IPO

Goldman Sachs, JPMorgan, Chase & Co., Citigroup and Deutsche Bank analysts rated the luxury automaker as a buy or equivalent this week.

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Sales•by Staff•November 9, 2022

Nissan Raises Profit Outlook

The Japanese automaker forecasts operating profit for the fiscal year will hit 360 billion yen ($2.5 billion), up 100 billion yen from its July forecast.

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Sales•by Staff•November 9, 2022

Mitsubishi Corp. Predicts Record Net Profit

Mitsubishi Corp. has raised its full-year net profit forecast by 21% to a record 1.03 trillion yen ($7 billion).

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Industry•by Staff•November 9, 2022

Used Wholesale Car Prices Continue Fall

October reflects multimonth decline.

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