Latest Automobile dealing News

Reichenbach wins Republican primary for Leatherman's seat

Jan. 25, 2022 22:12 PM EST

FLORENCE, S.C. (AP) — A political newcomer who owns car dealerships beat a member of the South Carolina House to win the Republican nomination for a state Senate seat left open when Sen. Hugh Leatherman died. Mike Reichenbach received 53% of the vote in Tuesday's primary, while...

Honda exec: High auto prices may drop, but not dramatically

Jan. 13, 2022 09:19 AM EST

DETROIT (AP) — Honda expects its factories to make more vehicles this year despite a computer chip shortage and supply chain troubles. But because it's starting the year with so few vehicles at dealers, the company expects U.S. sales to fall below last year's numbers. The company...

Edmunds: Shopping for a car this year will not be the same

Jan. 12, 2022 06:18 AM EST

2021 was an unusual year for the automotive industry. While customer demand for new cars rebounded from the economic uncertainty of 2020, automakers found themselves unable to meet that demand because of semiconductor chip shortages and supply chain problems. So what should car shoppers expect for...

Edmunds: New cars and missing features, what you can do

Jan. 05, 2022 06:49 AM EST

Most people are aware that automakers have felt the brunt of the worldwide microchip shortage, resulting in understocked dealerships at a time when consumer demand is high. But there’s another less well-known trend that can further complicate the process of buying a new vehicle. In an effort to...

New auto sales up in 2021, but long way before full recovery

Jan. 04, 2022 18:50 PM EST

DETROIT (AP) — U.S. new vehicle sales rebounded slightly last year from 2020′s dismal numbers, but were still about 2 million below the years before the coronavirus pandemic. The reason? Although there are plenty of customers who want to buy new vehicles at hefty prices, there...

$29,000 for an average used car? Would-be buyers are aghast

Jan. 03, 2022 15:33 PM EST

DETROIT (AP) — A couple of months ago, a woman paid a visit to Jeff Schrier's used car lot in Omaha, Nebraska. She was on a tight budget, she said, and was desperate for a vehicle to commute to work. She was shown three cars priced at her limit, roughly $7,500. Schrier said the...

Edmunds: Understanding new car trim levels and options

Dec. 29, 2021 07:21 AM EST

A key part of the car buying process is familiarizing yourself with some of the key terms you’ll encounter on automaker websites or on the dealership lot. You want to ensure that you’re getting the right features in your new vehicle. But if you’re new to buying cars or aren’t familiar with...

West Virginia car dealer files pre-candidacy for governor

Dec. 24, 2021 04:01 AM EST

CHARLESTON, W.Va. (AP) — A West Virginia businessman has filed pre-candidacy paperwork for the governor's race in 2024. The filing this week means Chris Miller, the son of U.S. Rep. Carol Miller, can begin raising funds for the gubernatorial race, The Gazette-Mail reported. ...

Kentucky car dealer convicted in truck warranty fraud scheme

Dec. 09, 2021 18:29 PM EST

CHARLESTON, W.Va. (AP) — A Kentucky used car dealer has been convicted by a federal jury in West Virginia in a truck warranty fraud scheme in which prosecutors said he bilked automaker Toyota Motor Corp. out of more than $4.3 million. James Pinson, 46, of Pritchard, West Virginia,...

Editorial Roundup: Illinois

Nov. 30, 2021 07:12 AM EST

Arlington Heights Daily Herald. November 26, 2021. Editorial: Senate wise to begin looking into management questions at the tollway “What’s going on at the tollway?” seems to be a perennial concern in Illinois politics. Perhaps a Senate hearing...