Wholesale used-vehicle prices (on a mix, mileage, and seasonally adjusted basis) increased 4.3{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} in February from January. This was the largest increase for the full month of February since 2009’s 4.4{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} rise. The Manheim Used Vehicle Value Index (MUVVI) rose to 234.5, down 7.0{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} from a year ago. February’s increase […]
Automotive
Rivian Automotive (RIVN) has been a single of the most searched-for shares on Zacks.com currently. So, you may well want to glance at some of the specifics that could shape the stock’s functionality in the in close proximity to term. Shares of this a manufacturer of motor autos and passenger […]
skynesher/E+ via Getty Images Asbury Automotive Group (NYSE:ABG) is a Fortune 500 company and remains one of the largest automotive retailers in the US, even after recent divestiture activity. The company has demonstrated a growing top-line, having sold over 300,000 new and used vehicles, an improvement from the previous year. […]
RRDS Awarded $2.7 Billion Federal Fleet Motor vehicles IDIQ Agreement by the General Providers Administration (GSA) (IDIQ Agreement # 47QMCA22D000T) RRDS views Mullen’s Business Class 1 EV cargo van a strategic match for federal government company BREA, Calif., March 06, 2023 (Globe NEWSWIRE) — via InvestorWire — Mullen Automotive, Inc. […]
Rivian Automotive‘s (RIVN 7.63{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502}) inventory plunged 18{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} on March 1 right after a triple whammy of undesirable news. To start with, the electric powered vehicle maker posted a disappointing fourth-quarter report. It created $663 million in profits, which was a massive leap from $54 million a year before but broadly […]
Subaru mentioned Osaki is charged with devising a new midterm program to stick to the five-calendar year street map formulated in 2018 that concludes this yr. “In the medium to very long time period, we are in a when-in-century tumultuous time in the automotive market,” Osaki mentioned. “Even in our […]