Southern used-car dealer U.S. Auto Sales closes locations
U.S. Auto Sales’ website carried a popup Tuesday morning stating its used-vehicle dealerships had closed, but it was “working on a solution to re-open them as soon as possible.”
U.S. Auto Sales’ website carried a popup Tuesday morning stating its used-vehicle dealerships had closed, but it was “working on a solution to re-open them as soon as possible.”
U.S. Rep. Jason Smith, R-Mo., raised concerns over whether the arrangement leans on a “loophole” in the electric vehicle tax credit’s battery component sourcing requirements and goes against the law’s intent of U.S. energy security and reducing dependence on foreign adversaries such as China for battery materials and manufacturing.
Lordstown Motors said production and deliveries of its Endurance electric pick-up truck resumed this month after a pause in February to address quality issues.
Tesla is expected to report lower vehicle gross margins after juicing deliveries this year with multiple rounds of price reductions.
Expecting a tax refund? It could be smaller than last year. And with inflation still high, that money won’t go as far as it did a year ago.