Tag: what car dealerships are offering 0% financing?

NY dealer sues Stellantis for diverting inventoryNY dealer sues Stellantis for diverting inventory

September 22, 2024September 22, 2024| 9:14 am

A dealership outside New York City is accusing Stellantis of giving illegal “secret discounts” to competing stores and cutting its vehicle shipments as retaliation for a previous legal victory over the automaker. The lawsuit filed by Larchmont Chrysler-Jeep-Dodge-Ram, located about 20 miles northeast of Manhattan, seeks damages for alleged violations of federal antitrust laws and New York state dealer laws as well as for what it calls a breach of Stellantis’ duty of good faith and fair dealing. “A decades-old, family-run dealership is facing its demise through no fault of its own,” the complaint said. Larchmont is owned by Alfredo… [...]

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Mullen Automotive gives updates on EV deals, factoriesMullen Automotive gives updates on EV deals, factories

May 16, 2023May 16, 2023| 4:07 am

Mullen Automotive Inc. MULN, -1.57% gave a business update before market open Monday, with the electric vehicle maker providing details of its latest factory developments and a recently announced $15.8 million contract with MGT Lease Company. The fleet sales and leasing provider took delivery of Mullen’s EV Cargo Vans earlier this year. “The company afterward signed a vehicle purchase agreement, as announced on May 11, 2023, for 250 all-electric commercial Class 3 Cab Chassis EV Trucks,” said Mullen Automotive, in the update. “The [...]

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Average New Vehicle Prices Dip Below MSRPAverage New Vehicle Prices Dip Below MSRP

April 22, 2023April 22, 2023| 1:42 am

New vehicle prices remained high, even though the average new car price dipped below the MSRP in March. According to a new report from Cox Automotivethe average vehicle transaction price is still higher than last year, even though new car prices are below the MSRP for the first time in 20 months. In March, the average transaction price of a new car in the US fell to $48,008, a month-over-month decrease of around $550 or 1.1% from February’s ATP of $48,558. With transaction prices down, we’re also seeing an increase in incentive spending from manufacturers with an average of [...]

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