According to the NADA, the average U.S. dealership recorded net pretax profit of $3 million through September. That was more than double the $1.3 million in net pretax profit reported for the first nine months of 2020.
General Motors CEO Mary Barra says the company is “so undervalued.”
Prosecutors allege Tim Edmunds, a former financial secretary at UAW Local 412 in Warren, Mich., stole roughly $2 million.
The first pickup has rolled off the retooled assembly line at General Motors’ Oshawa Assembly Plant, reviving a more than century-long history at the site whose line had appeared to lurch to a permanent halt in December 2019.
AutoCanada, Shottenkirk Automotive Group and upstate N.Y. dealers Julie Huttig and George Huttig bought dealerships in the fourth quarter and late in the third quarter.