Motor Vehicle Dealing

The electric-vehicle startup Fisker is abandoning a direct-to-consumer sales model in the U.S. in favor of using traditional dealerships, after it found the approach too expensive and struggled in 2023 to get its cars to buyers quickly.The company is in talks with U.S. dealers and hopes to sign up at least 50 this year, said Chief Executive Officer Henrik Fisker. Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 The electric-vehicle startup Fiskeris abandoning a…

Updated Jan. 3, 2024 9:57 am ETU.S. auto sales rebounded in 2023, boosted by pent-up demand and better availability on dealership lots. But this year could prove more challenging for automakers as stock levels continue to rise and higher interest rates stretch more U.S. car buyers financially. Copyright ©2024Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 Updated Jan. 3, 2024 9:57 am ETU.S. auto sales rebounded in 2023, boosted by pent-up demand and better availability on dealership…

Updated Dec. 10, 2023 1:17 pm ETAuto dealers across many parts of the country say electric vehicles are becoming too hard a sell for buyers worried about the range, reliability and price of these models.When Paul LaRochelle heard Ford Motor was coming out with an electric pickup truck, the dealer was excited about the prospects for his business. Copyright ©2023Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 Updated Dec. 10, 2023 1:17 pm ETAuto dealers across many parts of the…

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Carvana shares surged Wednesday after the used-car retailer said that it had reached a bond-swap deal to reduce its debt by $1.2 billion and launched plans to issue stock through an at-the-market offering.  The company said that it had reached an agreement with a group of investors including Apollo Global Management, Pimco and Ares, who collectively own $5.2 billion of its outstanding unsecured bonds, to swap their holdings into new secured bonds that have the option to pay interest in-kind, meaning that it can…

Struggling used-car dealer’s shares are hot, but business sags and investors worry about the family’s plans. Struggling used-car dealer’s shares are hot, but business sags and investors worry about the family’s plans. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If…

The food manufacturer said shoppers continued to stomach rising food prices, boosting its margins and sales. The food manufacturer said shoppers continued to stomach rising food prices, boosting its margins and sales. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If…

American car shoppers have been flocking to dealerships, shaking off concerns about rising interest rates and inflationary pressures. American car shoppers have been flocking to dealerships, shaking off concerns about rising interest rates and inflationary pressures. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their…

Sales fell 17% in its recently ended quarter as rising interest rates kept used-car prices high and inflation continues to weigh on its customers’ budgets. Sales fell 17% in its recently ended quarter as rising interest rates kept used-car prices high and inflation continues to weigh on its customers’ budgets. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is…

The EV startup has relied on online sales for its vehicles. But as stock levels build, it is experimenting with an in-person shopping event at its plant in Normal, Ill. The EV startup has relied on online sales for its vehicles. But as stock levels build, it is experimenting with an in-person shopping event at its plant in Normal, Ill. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink…