Tag: what time of year is best to buy a car?

Best New Car Deals for Memorial Day 2023Best New Car Deals for Memorial Day 2023

June 7, 2023June 7, 2023| 5:46 am

The cars listed below—all 2023 models—appear in descending order of the potential savings off the manufacturer’s suggested retail price. To show specific pricing examples, we highlighted specific, popular versions. The potential savings span from 10 percent to 6 percent off the original MSRP—and this often holds true across the model range. There are typically regional deals that highlight these national offerings. They can be found through our Build & Buy Car Buying Service. We also list the average transaction price for each example, reflecting what others have recently paid. Ultimately, that is the number to beat with [...]

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M&A activity related to electric vehicles will decrease in the automotive industry in 2023M&A activity related to electric vehicles will decrease in the automotive industry in 2023

June 5, 2023June 5, 2023| 5:36 am

In value terms, electric vehicles-related deal activity increased by 425% in Q1 2023 compared with the previous quarter’s total of $419.2m and fell by 16% as compared to Q1 2022. Related deal volume decreased by 23% in Q1 2023 versus the previous quarter and was 19% lower than in Q1 2022. The top-ranked financial advisors supporting these M&A deals in Q1 2023 were ACP Capital Markets; Benchmark Investments; Rothschild & Co with 1, 1, 1 deals respectively. The top-ranked legal advisors supporting these M&A deals in Q1 2023 were J Sagar Associates; Jones Day; Norton Rose Fulbright with [...]

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What’s the Best New-Car Deal for May 2023?What’s the Best New-Car Deal for May 2023?

May 24, 2023May 24, 2023| 4:23 am

From Derby Day to Mother’s Day, May brings no shortage of reasons to celebrate. But while a rose garland is the coveted award for the top horse (and a rose bouquet might be for the top mom), shoppers looking for a good deal on a new ride would likely trade the smell of roses for the new-car smell. Although we haven’t crossed the finish line of the inventory shortage just yet, shoppers should find a few reasons to celebrate this month — namely, rising inventory levels and incentives. Related: Is the Inventory Shortage Coming to an End? According to JD… [...]

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MULN Stock Alert: Mullen Announces $63 Million OrderMULN Stock Alert: Mullen Announces $63 Million Order

May 7, 2023May 7, 2023| 9:22 am

Source: Ringo Chiu / Shutterstock Among the meme stocks gaining traction today is Mullen Automotive (NASDAQ:MULN). Shares of MULN stock have surged more than 8% in today’s session, moving off of an all-time low seen over the past week. This move is on some rather compelling news for speculators and investors in this upstart electric vehicle (EV) maker. Mullen announced an impressive 1,000-vehicle order from the Randy Marion Automotive Group’s (RMA) Randy Marion Isuzu, LLC segment. The company reports that the deal should amount to $63 million when all Class 3 EV cab chassis trucks are delivered. RMA is a… [...]

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New GM EVs Won’t Support Apple CarPlayNew GM EVs Won’t Support Apple CarPlay

April 8, 2023April 8, 2023| 12:18 am

Smartphone applications like Apple CarPlay and Android Auto have become must-haves for a lot of consumers. Instead of having to interact with an automaker’s infotainment system, which can be confusing and unintuitive, these features mirror your smartphone’s screen to the main display. Automakers, though, are investing millions into developing better infotainment systems and want people to stop using smartphone connectivity features. While smartphone mirroring, especially Apple CarPlay, maybe some of the more popular tech features on sale, GM announced that it would eliminate Apple CarPlay and Android Auto from its EVs. The first electric vehicle from GM that [...]

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Lincoln, GM and Ford dealerships sell in deals across 4 statesLincoln, GM and Ford dealerships sell in deals across 4 states

March 22, 2023March 22, 2023| 6:20 pm

LaFontaine Automotive Group has acquired Pfeiffer Lincoln in Grand Rapids, Mich., marking the second Grand Rapids dealership for the Highland, Mich., group as it continues to expand into western Michigan. The acquisition, which closed Monday, follows LaFontaine Automotive’s August purchase of Keller Ford. The Lincoln store purchased from the Pfeiffer family was renamed LaFontaine Lincoln Grand Rapids. “In short order, we’ve seen tremendous opportunity in the greater Grand Rapids area for continued growth for our group,” LaFontaine CEO Ryan LaFontaine said in a statement. LaFontaine Automotive now has 53 franchises, representing 24 brands and nine collision centers, all in Michigan.… [...]

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