May 28, 2022
News
Dealership Values Hit Record
Staff Writer
May 27, 2022
Due to record-high earnings, dealership blue sky values have reached new heights, according to Haig Partners LLC’s recently released Q1 2022 Haig Report. The study tracks trends in auto retail…
Labor Productivity Rises
Staff Writer
May 27, 2022
Labor productivity in the private nonfarm sector rose in 39 states and the District of Columbia in 2021, the U.S. Bureau of Labor Statistics reported. Output increased in all 50…
Law Firm Investigates Carvana
Staff Writer
May 27, 2022
Bragar Eagel & Squire, P.C., a stockholder rights law firm, is investigating claims against Carvana Co. on behalf of Carvana stockholders, the firm stated in a May 25 press release.…
E2 Mobility Partners with Cox Automotive
Staff Writer
May 27, 2022
E2 Mobility Inc. announced that Cox Automotive Mobility will provide logistics and business solutions for the planned launch of its next-generation smart mobility fleet. E2 Mobility will utilize Cox Automotive…
Auction Celebrates 20th Anniversary
Staff Writer
May 26, 2022
Louisiana's 1st Choice Auto Auction celebrated its 20th anniversary, while also welcoming back Credit Acceptance/Vehicle Remarketing Services. On May 24th, the auction hosted a special anniversary sale featuring a run…
J.D. Power Forecasts New-Car Sales Dip
Staff Writer
May 26, 2022
New-vehicle retail sales for May 2022 are expected to decline when compared with May 2021, according to a joint forecast from J.D. Power and LMC Automotive. Retail sales of new…
America’s Car-Mart Reports Record Earnings
Staff Writer
May 26, 2022
America’s Car-Mart announced its operating results for the fourth quarter and full fiscal year 2022. “Revenue grew 26% to $352 million, including a 39% increase in interest income to $42…
CFPB Opens Competition and Innovation Office
Staff Writer
May 26, 2022
The Consumer Financial Protection Bureau is opening a new office, the Office of Competition and Innovation, as part of a new approach to help spur innovation in financial services by…
GM's Cadillac LYRIQ EV Sells Out In 4 Hours
Staff Writer
May 25, 2022
General Motors CEO Mary Barra’s bet to make GM a leader in electric vehicle sales, once thought a long shot, might just pay off. The Cadillac, one of GM’s cornerstone…
