New Car 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…

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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…

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…

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Markups on new cars were a key force behind the current bout of inflation, according to new research published this month.  Those extra dealer profits contributed between 0.3 and 0.7 percentage point of the nearly 16% rise in the consumer-price index between the end of 2019 and the end of 2022, a study published in a U.S. Bureau of Labor Statistics journal found. Markups on new cars were a key force behind the current bout of inflation, according to new research published this month.…

Conagra , which makes Hunt’s tomato products, attributed its most recent quarterly results to inflation-driven price increases. Photo: ANDREW KELLY/REUTERS…

Car buyers are finally starting to see something they haven’t in a long time on dealership lots: more availability of cars and trucks.Inventory levels for new vehicles, constrained through much of the pandemic due to supply-chain snarls, have begun to bounce back, leading many car companies to report higher U.S. auto sales in the first quarter. The strong results are a sign that the car sector is moving past some of the acute shortages that have dogged business in recent years.   General Motors Co.…