Things To Do In SW Florida

The automaker must add more lactation rooms and adjust its break policy to comply with a new law, the Labor Department said.

Wholesale used-vehicle prices rose for a second month in a row in January, the result of higher-than-expected demand, according to one major indicator.

Cox Automotive said Tuesday its Manheim Used Vehicle Value Index — a measurement of wholesale used-vehicle prices calculated by tracking vehicles sold at Manheim’s U.S. auctions and applying statistical analysis to those figures — rose 2.5 percent in January from December.

Wholesale prices, however, fell 13 percent at the end of January compared with the same month in 2022, according to Manheim, which adjusts its figures for mix, mileage and seasonality. On a nonadjusted basis, the Manheim index rose 1.5 percent in January from December, with prices down 11 percent year over year.

In January, Manheim Market Report values “saw price increases that were not typical,” according to a Cox Automotive statement. Those values are usually little changed in the month, the company indicated.

Average nonadjusted wholesale prices for 3-year-old vehicles, the largest model year cohort at Manheim’s auctions, rose 1.2 percent in January from December. read more

The talks with the U.S. labor regulator have focused on “compliance measures across our supply chain,” a company spokesman said. He detailed measures Hyundai is implementing to “ensure non-compliance never happens again.”

Anderson Automotive Group made its first acquisition since 2020 with its January purchase of five dealerships in South Carolina.

The supplier tapped Hau Thai-Tang, who held major product development and purchasing roles at Ford before retiring last year.