Kristen Lanzavecchia, director of industry solutions at JD Power, said the company’s EV residual value projections are “significantly higher,” with prices in the mid-50% range for internal-combustion engines. said to…
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Used-car values expected to hold despite price drops
Lanzavecchia said used-car prices have fallen partly because they have “reached a peak” where prices could rise. Some used cars have sold for over 100% of her on the sticker,…
Top 50 car dealers in Europe keep getting bigger
Large dealer groups have grown by acquiring smaller rivals to help them navigate looming challenges, such as the move by automakers to turn dealers into distributors in exchange for a…
Tesla expands lineup with delivery of heavy-duty truck
Major fleet operators such as PepsiCo, Walmart, Meijer and JB Hunt Transport Services were among the companies that placed non-binding reservations for cicadas five years ago. The first shipment will…
GM, Nissan dealerships sell in Q3, Q4 deals
On October 31, dealer owners Jose Casares and Lee Schreiber acquired Reichert Chevrolet Buick of Woodstock, Illinois from John Reichhardt in their first joint venture. Reichert plans to retire, Casares…
VW will join Tesla and BMW in selling China-built EVs in Europe
Volkswagen will follow Tesla, BMW and other automakers in exporting electric vehicles from China to Europe, citing limited production capacity in its home market. Volkswagen’s sporty Spanish brand Cupra will…
Dealers in 3 states fight Ford EV certification
ford motor companyThe company is facing legal challenges to its electric vehicle dealer authorization program from retailers in three states who allege the plans violate franchise laws. A group of…
Stellantis offers guidance for dealer EV upgrades
“One of the most important parts of this is that the power company you’re using must have the right amount of power. You need to hook up the right transformer,”…
McLaren sells historic cars to fund Artura upgrades
McLaren recently sold part of its prized heritage car collection to Bahrain’s Sovereign Wealth Fund, Mumtarakat Holding, to raise funds to upgrade its Altura supercar. McLaren was forced to seek…
SiriusXM hack unlocks, starts cars
Curry, who works at Yuga Labs, a blockchain-based software development company based in New York, is known in the cybersecurity world for his interest in automotive telematics. How, in September…