Wholesale used-vehicle prices rose through Q1, but may be at a turning point
Cox Automotive’s Manheim Used Vehicle Value Index rose 1.5% in March from February.
Q1 sales get boost from fleet business
Demand for new vehicles remained strong despite rising transaction prices, and the selling rate jumped to 15.3 million a year.
Iconic Felix Chevrolet dealership among stores sold in 4 states
L.A.’s iconic Felix Chevrolet changed hands, a group added another Kia store to its mix, and dealerships selling General Motors and Stellantis brands traded hands in fourth-quarter and second-quarter transactions.
EV tax credit rulebook clearer, but Treasury's work is not done
How strictly the U.S. Treasury Department defines and enforces the law’s “foreign entity of concern” provision could affect the Biden administration’s objectives to drive EV adoption and build a domestic supply chain.
Tesla's co-founder and former tech chief Straubel returns as a board member
Co-founder and tech chief JB Straubel is slated to replace board member Hiromichi Mizuno, who won’t seek reelection, Tesla said in its proxy statement.