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Used-vehicle values are cooling off, but prices as of mid-October still hovered nearly 10 percent above year-end 2019 levels. For the week ended Oct. 17, wholesale vehicle prices at Manheim auctions were 9.7 percent higher than at the start of the year, and retail prices were 9 percent higher, according to Cox Automotive. But prices
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GM will revive the Hummer nameplate in the 2022 model year with the GMC Hummer EV, an all-electric pickup truck and SUV with 0-60 times in the three-second range and a price tag of $100,000 or more. The Hummer brand became part of the GM lineup at the turn of the century, when GM took
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As COVID-19 state mandates shut down dealership retail sales, more targeted marketing efforts with bigger budgets were shifted to fixed ops departments that remained open as essential services. “Many dealers made massive cuts to their marketing budgets, but they didn’t touch service,” says Alexi Venneri, CEO of marketing firm Digital Air Strike. The sudden importance
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New CEO Jim Farley has instituted a number of changes in his first weeks leading Ford Motor Co. One thing that won’t change? His weekend pastime. Farley, 58, said last week in an interview with Salesforce that he won’t stop racing now that he’s reached the top job. Oftentimes, key executives are asked to curtail
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Sales and profits rebounded for Gentex Corp. in the third quarter because of cost-saving actions, new launches and some quick decision-making. Gentex released its performance results Friday in what could be a positive bellwether for global suppliers. The Zeeland, Mich., supplier of dimmable rearview mirrors and other electronic components posted net income of $117.1 million
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Nissan North America is repositioning some senior leaders as the automaker works on a turnaround of the U.S. business. Two top executives will swap roles as part of the reorganization, Nissan told dealers Thursday in an email obtained by Automotive News. Nissan confirmed the moves, which take effect Nov. 1. Judy Wheeler, 58, will oversee
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What kind of car is the 2021 Honda Ridgeline? What does it compare to?  The 2021 Honda Ridgeline is a mid-size pickup that splits the difference between crossover SUVs and utilitarian trucks such as the Toyota Tacoma, Nissan Frontier, and Ford Ranger.   Is the 2021 Honda Ridgeline a good car? Review continues below Sold in
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MILAN — Fiat’s new 500 full-electric minicar will have an entry price of 19,900 euros ($23,550) in Italy, including a 6,000-euro government incentive. Fiat will start selling three versions of the minicar this weekend, including two premium configurations. The automaker will offer two expensive versions at 23,700 euros and 25,200 euros, including the incentive, Olivier
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The European Union has turned out the light on a glowing version of Rolls-Royce’s “Spirit of Ecstasy” hood ornament. The ultraluxury brand has discontinued the $4,558 option, which it has offered since 2013, on vehicles sold in Europe in response to a crackdown on light pollution. Everyone who bought the illuminated ornament will receive a
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Toyota and Lexus production is nearly back to where it was a year ago, top Toyota Motor North America executives said Thursday, adding that they expect a continuing recovery for the industry to yield 14.5 million U.S. sales this year. That result would still be down from 17.1 million U.S. light-vehicle deliveries in 2019, but
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