Detroit

Used cars for sale at Lee Auto Mall on Wednesday, August 16, 2023. (Staff photo by Brianna Soukup/Portland Press Herald via Getty Images)Brianna Soukup | Portland Press Herald | Getty ImagesDETROIT – Used vehicle prices are expected to stabilize this year, after buyers of pre-owned cars and trucks got more relief in 2023 following a stretch of record prices.Automotive data firm Cox Automotive expects wholesale prices on its Manheim Used Vehicle Value Index, which tracks prices of used vehicles sold at its U.S. wholesale…

2023 Ford Super Duty F-350 LimitedFordDETROIT – America maintained its love affair with pickup trucks in 2023 — but a top-selling vehicle from Toyota Motor nearly ruined their tailgate party.Sales of the Toyota RAV4 compact crossover came within 10,000 units of Stellantis' Ram pickup truck last year, a near-No. 3 ranking that would have marked the first time since 2014 that a non-pickup claimed one of the top three U.S. sales podium positions.The RAV4 has rapidly closed the gap: In 2020, the vehicle undersold the Ram…

2024 Ford F-150 PowerBoost Platinum hybridFordDETROIT – Ford Motor's U.S. sales increased about 7% last year, marking the automaker's best sales since 2020 but coming in lower than the overall industry's growth.Ford on Thursday reported sales of nearly 2 million vehicles in 2023, a 7.1% increase from the previous year. The company finished third in overall U.S. sales, trailing Toyota Motor and General Motors."In a year of challenges, from a labor strike to supply issues, our amazing lineup of gas, electric and hybrid…

The Ford F-150 Lightning Electric Truck.John Tlumacki | Boston Globe | Getty ImagesDETROIT – Ford Motor is increasing the price of some 2024 F-150 Lightning models, while lowering the costs of its most expensive models.The Detroit automaker confirmed Wednesday that new starting prices for the pickup will range from $54,995 for an entry-level Pro model to $92,995 for a Platinum Black trim. The models previously started at between $49,995 and $97,995 for the 2023 model-year.The prices of the Platinum and Platinum Black…

DETROIT – General Motors' U.S. vehicle sales increased 14.1% last year to represent the automaker's best year since 2019, prior to the impacts of the coronavirus pandemic and yearslong supply chain problems.The Detroit automaker on Wednesday reported sales of roughly 2.6 million vehicles in 2023, including 625,176 cars and trucks sold during the fourth quarter, roughly flat compared to a year earlier.The automaker sold about 2.3 million vehicles in 2022 and 2.9 million units in 2019.GM's sales are in line with…

Home Alone is essentially a pop culture staple, as many continue to enjoy the 1990 film even today, especially around the holidays. One of the best Christmas movies of all time, it exudes warmth, humor and the yuletide spirit, which is why it’s still so popular. However, what very few people would probably associate with the timeless classic (and the franchise as a whole) is sports. Nevertheless, a fan called out Macaulay Culkin’s Kevin McCallister – a Chicago native – for having a poster of NBA legend Isiah Thomas in…

Pedestrians carrying Nike and Allbirds shopping bags in the SoHo neighborhood of New York on Oct. 24, 2021.Nina Westervelt | Bloomberg | Getty ImagesAfter years of unbridled consumer spending on everything from home improvement to dream vacations, some companies are now finding the limits of their pricing power.Shipping giant FedEx last week said customers have shied away from speedier, pricier shipping options. Airlines including Southwest discounted off-peak fares in the fall. The likes of Target and Cheerios maker…

During his attempt to overturn the 2020 election, Donald Trump pressured two Republican members of the Wayne County Board of Canvassers to not certify the election’s results, according to phone recordings obtained by The Detroit News. “We’ve got to fight for our country,” Trump told the canvassers on a Nov. 17, 2020 call that also included Republican National Committee Chairwoman Ronna McDaniel, according to the report. “We can’t let these people take our country away from us.”  The two canvassers, William…

New Kia cars are displayed on the sales lot at San Leandro Kia on May 30, 2023 in San Leandro, California.Justin Sullivan | Getty ImagesDETROIT – Sales of new vehicles in the U.S. are expected to increase slightly next year, as the automotive industry continues to normalize from the coronavirus pandemic and other supply chain problems since 2020.Forecasts from leading automotive data firms are calling for a year-over-year increase of between 1% and 4% to roughly 15.6 million to 16.1 million vehicles sold. Such sales would…

DETROIT – General Motors has cut the size of its Buick dealership network roughly in half in the U.S. through an ongoing voluntary buyout program, an executive told CNBC.The 1,000-store reduction aims to increase the amount of sales per location, or throughput, and profits at the remaining dealers, according to Duncan Aldred, global head of GM's Buick and GMC brands. The buyouts also allow dealers who don't want to invest in electric vehicles to get out of the business."What this is enabling us to do that is triple the…