Orlando Science Center uncorking wine-based fundraiser
Orlando Science Center is preparing for the Science of Wine fundraiser on April 22. It includes food, a silent auction and cheese pairing info.
Reuters/Ipsos poll says one-third of Americans would consider EV purchase
A bit more than one-third of Americans would consider buying an electric vehicle for their next model, a new Reuters/Ipsos poll found.
Hyundai recalls 167,000 additional vehicles for windshield wiper failure
Snow or ice buildup might cause the windshield wiper motor to fail or operate intermittently on 2021-23 Hyundai Palisades.
Used-car retailer Carvana expects smaller core loss, shares jump
Carvana Co. said on Wednesday it expects a smaller core loss in the current quarter due to a raft of cost-cut measures it implemented amid falling used-car sales, sending its shares up 7 percent in midday trading Wednesday.
Carvana expects first-quarter core loss between $50 million and $100 million, down from a core loss of $348 million a year earlier.
The used-car retailer, known for its automated car vending machines, allows users to buy cars online and offers home deliveries, which made it popular during the COVID-19 pandemic when people were confined to their homes.
However, demand for used cars has cooled in recent months, as people cut back on discretionary expenses amid recession worries, heaping pain on the industry already struggling with inventory purchased at higher prices.
In a regulatory filing, Carvana estimated vehicles sold in the first quarter will land between 76,000 and 79,000. Carvana sold 105,185 vehicles in the year-earlier period and it sold 86,977 in the fourth quarter of 2022.
Chevy, Buick, Honda and Acura dealerships sell in 4 states
Two dealership groups entered new states, a dealer and his group expanded in Chicago and an entrepreneur purchased his first franchised dealership — all in transactions that closed in the fourth quarter.