Texas auto dealers are turning to "hail sales" and "storm chasers" to try to make the best of a bad situation: the Lone Star State's worst run of hail damage in years. According to Automotive News, San Antonio is the latest victim, with a storm last week piling on more damage after one in mid-April that the Insurance Council of Texas declared the costliest hailstorm in state history.
American motorists bought a record 17.5 million new vehicles in 2015. While automobile sales are at an all-time high, certain makes and models are in much higher demand than others, according to 24/7 Wall St.
According to Automotive News, after falling short of expectations in March, sales are on pace for one of the industry's best-ever Aprils, analysts with LMC Automotive, Kelley Blue Book, TrueCar, and Barclays Capital said.
According to Automotive News, several publicly traded dealership groups have reported strong, sometimes record, first-quarter earnings per share. It’s not that their net income soared. Rather, they’ve been buying back their shares like crazy. Why does that matter
According to the Wall Street Journal, in its short, unhappy life, the Consumer Financial Protection Bureau (CFPB) has compiled a record of abuse rivaling that of Washington’s most entrenched bureaucracies. But there’s new reason to hope that this misanthropic creation of Dodd-Frank may not reach adulthood.
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