AutoNation Inc.’s fourth-quarter web earnings a lot more than doubled as used-car revenue soared 55 percent to effectively cushion the auto retail giant’s ongoing struggles with low new-car or truck inventories. The firm mentioned web revenue soared 156 per cent to $387.1 million. Profits rose 14 {a78e43caf781a4748142ac77894e52b42fd2247cba0219deedaee5032d61bfc9} to $6.58 billion […]

DETROIT — Normal Motors this spring will launch CarBravo, a shopping system intended to raise used-motor vehicle revenue via GM dealerships, the automaker claimed Tuesday. “CarBravo will give prospects much more alternative and entry to shop noticeably expanded inventories of equally the supplier and a countrywide central inventory of GM […]

Wholesale used-vehicle prices set new records once again in November as consumer demand remained high amid continued inventory shortages. Cox Automotive’s Manheim Used Vehicle Value Index, which tracks vehicles sold at Manheim’s U.S. auctions, rose 44 percent in November compared with the same month in 2020. The November index increased […]