US auto sales forecast Q1 2022 looks bleak due to chips, inflation

US auto sales forecast Q1 2022 looks bleak due to chips, inflation

New Jeeps are displayed at a car dealership on October 05, 2021 in New York City. Spencer Platt | Getty Images Automakers will likely report sharp sales declines for March and the first quarter, industry analysts say, as an ongoing shortage of new vehicles has left car-shoppers with few – and often expensive – choices. … Read more

Honda Is Now Doing Certified Pre-Owned Cars A Decade Old

Honda Is Now Doing Certified Pre-Owned Cars A Decade Old

Photo: Honda Honda wants to sell more cars, automakers are down with tougher fuel economy standards, and Faraday Future. All that and more in The Morning Shift for March 31, 2022. 1st Gear: CPO Honda said Thursday that it will sell certified pre-owned cars that are 10-years-old, with no mileage limitations, which you would be … Read more

Ford to address dealer concerns about separating its EV and legacy businesses

Ford to address dealer concerns about separating its EV and legacy businesses

Ford CEO Jim Farley poses with the Ford F-150 Lightning pickup truck in Dearborn, Michigan, May 19, 2021. Rebecca Cook | Reuters Ford Motor dealer Marc McEver was taken back when he heard about the automaker’s plans to separate its electric vehicle and legacy businesses as part of a restructuring under CEO Jim Farley. The … Read more

5 things to know before the stock market opens Friday, March 11

5 things to know before the stock market opens Friday, March 11

Here are the most important news, trends and analysis that investors need to start their trading day: 1. Futures jump on hopes of progress in Russia-Ukraine talks Traders at the NYSE, March 8, 2022. Source: NYSE Dow futures rose roughly 300 points, or nearly 1%, on Friday. S&P and Nasdaq futures jumped roughly 1% and … Read more

Used-car prices are still sky-high — but they may be easing

Used-car prices are still sky-high — but they may be easing

A pedestrian walks past a certified pre-owned car sales lot in Alhambra, California on January 12, 2022. Frederic J. Brown | AFP | Getty Images Wholesale used-vehicle prices fell in February from January, a sign that while prices remain near record levels, the surge in US used-car prices may be easing. Cox Automotive said on … Read more