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…
Franchise Equity Partners invests $55M in Parks Automotive Group
“We remain a passive partner,” Romanoff said. “Adam and team continue to fully run operations, but we’ve provided them the intellectual and equity capital that they need to further their objectives.” Family-run Parks Automotive is the second auto retailer investment for Franchise Equity Partners, following its $70 million October investment in Georgica Auto Holdings. Shortly…
Skilled trade shortages affecting wait times for automotive repair
Vinnie’s Mr. Fix-It suggests booking in advance whenever possible The skilled trade labor shortage across Ontario is having an adverse impact on multiple industries, and the automotive industry is definitely one of them. Finding skilled automotive technicians willing to work for both national repair shops chains and independent operators is becoming a challenge, and that…
Advance Auto Parts, SoFi, Twilio
An exterior view of the Advance Auto Parts store at the Sunbury Plaza, Sunbury, Pennsylvania. Paul Weaver | SOPA Images | Light rockets | Getty Images Check out the companies making headlines in premarket trading. SoFi — The financial services platform added nearly 7%. A deal to raise the US debt ceiling on track for…
Plasti Dip VS Wrap: What Is Better?
When it comes to modifying the appearance of a vehicle, two popular options that have gained significant traction in recent years are Plasti Dip and vehicle wrapping. Both techniques offer unique advantages and have their own set of pros and cons. In this article, we will delve into the details of Plasti Dip and vehicle…
GM battery materials investment in Quebec to top $1 billion
General Motors and South Korea’s Posco Future M said they will invest more to expand the production capacity at their chemical battery materials facility in Canada, taking their estimated total investment in the plant to over US$1 billion. The companies said on June 2 the new investment in their Ultium CAM plant, expected to start…
There Are New Car Deals to Be Had This Memorial Day
For the past few years, new-car prices have obviously been climbing, so it’s nice to learn that there are some traditional Memorial Day deals out there this year. With the pandemic fading away and the related supply-chain problems sorting themselves out, we’re back to perks like low financing offers and factory discounts. The best deals…
May sales up 13%, but remain well below pre-pandemic numbers
May marked just the second month of this year in which sales were up over 2021 totals, which were higher than 2022 totals in all but November and December of last year. DAC said that historically, May was more often than not the strongest sales month of the year over the previous decade. It took…