Ford hikes F-150 Lightning prices; order bank to reopen for current reservation holders
The entry-level Pro trim will see the greatest price increase, up about 17 percent, as Ford battles rising material costs that have wiped out early EV profits.
CarGurus posts smaller Q2 profit on higher revenue
The vehicle marketplace company said revenue more than doubled in the second quarter, led by growth in transaction volume linked to its Instant Max Cash Offer feature.
Mazda pursues U.S. price hikes as profits plunge
Mazda says U.S. demand for its vehicles is robust enough to support price hikes, as the company notches record-low incentives on crimped production and tight inventories.
Sonic Automotive's EchoPark names VaynerMedia as its first agency of record
Sonic’s fast-growing used vehicle unit EchoPark plans social media push to ‘identify the brand’ after expansion.
Used-vehicle retailer Vroom cut jobs as Q2 sales volume dropped
Vroom Inc. said Monday it cut employment by 337 positions and sold far fewer vehicles in the second quarter.