Latest Automobile dealing News

Retail sales climb despite rising prices, supply issues

Oct. 15, 2021 16:04 PM EDT

NEW YORK (AP) — Americans continued to spend at a solid clip in September even while facing sticker shock in grocery aisles, car lots and restaurants as snarled global supply chains slow the flow of goods. Retail sales rose a seasonally adjusted 0.7% in September from...

Former Cabinet secretary defends auto dealerships from Tesla

Oct. 08, 2021 13:47 PM EDT

SANTA FE, N.M. (AP) — A recently retired state Cabinet secretary who oversaw New Mexico's first major foray into electric vehicles for government fleets has gone to work at a lobbying group for automotive dealerships as they safeguard state-authorized control over direct sales of new...

US auto sales slump, stalled by car computer chip shortage

Oct. 01, 2021 18:46 PM EDT

DETROIT (AP) — In a normal month before the pandemic, Con Paulos' Chevy dealership in Jerome, Idaho, sold around 40 new vehicles. In September, it was only six. Now he's got nothing new in stock, and every car, truck or SUV on order has been sold. Last month, what...

4th generation takes over South Carolina car dealership

Sep. 27, 2021 00:05 AM EDT

ORANGEBURG, S.C. (AP) — The Fairey family name and cars are synonymous. Fairey Chevrolet Cadillac had its beginning near the birth of the American automotive industry and now, almost 100 years later, the Orangeburg dealership is embarking on the next step in a historic...

Carmaker Stellantis loses former FCA CEO Manley

Sep. 21, 2021 16:09 PM EDT

MILAN (AP) — PSA Peugeot’s takeover of Fiat Chrysler to form the world’s fourth-largest carmaker has had its first executive casualty, with former Fiat Chrysler CEO Mike Manley stepping down from his role of head of the Americas. Stellantis announced Tuesday that...

Tesla builds 1st store on tribal land, dodges state car laws

Sep. 15, 2021 18:18 PM EDT

NAMBÉ, N.M. (AP) — Carmaker Tesla has opened a store and repair shop on Native American land for the first time, marking a new approach to its yearslong fight to sell cars directly to consumers and cut car dealerships out of the process. The white-walled,...

Massachusetts-based auto chain to be sold to Texas company

Sep. 14, 2021 09:49 AM EDT

BOSTON (AP) — A Texas-based company is buying Massachusetts-based Prime Automotive Group, which has 30 dealerships and three collision centers in the Mid Atlantic and New England. Group 1 Automotive Inc. of Houston entered into an agreement to purchase Prime Automotive...

Liz Weston: How to negotiate your way to a richer life

Sep. 13, 2021 08:19 AM EDT

Negotiating is an important personal finance skill that can help you earn more and pay less. Whether you’re discussing a job offer, dickering at a car dealership or just trying to work out a budget with your significant other, the ability to bargain effectively can have a huge impact. ...

Until 2023? Parts shortage will keep auto prices sky-high

Sep. 05, 2021 09:21 AM EDT

TOLEDO, Ohio (AP) — Back in the spring, a shortage of computer chips that had sent auto prices soaring appeared, finally, to be easing. Some relief for consumers seemed to be in sight. That hope has now dimmed. A surge in COVID-19 cases from the delta variant in several...

GM, Ford halt some production as chip shortage worsens

Sep. 02, 2021 17:54 PM EDT

DETROIT (AP) — The global shortage of computer chips is getting worse, forcing automakers to temporarily close factories including those that build popular pickup trucks. General Motors announced Thursday that it would pause production at eight of its 15 North American...