Canada's Go Auto buys its first U.S. dealership

Canada's Go Auto buys its first U.S. dealership https://ift.tt/1kMt4B7

Go Auto of Edmonton, Alberta, said it has acquired a joint Toyota and Mercedes-Benz dealership near Seattle in Bellingham, Wash.

Porsche dealers told tight supply will linger

Porsche dealers told tight supply will linger https://ift.tt/UImyQvp

Porsche will prioritize meeting demand for performance variants, such as the GT and GTS, across the lineup.

Fed opts for small rate hike, still expects to deliver 'ongoing increases'

Fed opts for small rate hike, still expects to deliver 'ongoing increases' https://ift.tt/c5ZCb9j

"Inflation has eased somewhat but remains elevated," the U.S. central bank said in a statement that marked an explicit acknowledgement of the progress made in lowering the pace of price increases from the 40-year highs hit last year.

Service and parts forecast cloudy with a dose of confidence

Service and parts forecast cloudy with a dose of confidence https://ift.tt/vJyaWZ2

Staffing issues continue to plague service and parts departments, but managers are confident of another profitable year.

Congress reintroduces bill to stop surge of catalytic converter thefts

Congress reintroduces bill to stop surge of catalytic converter thefts https://ift.tt/Jtv5TBk

The legislation aims to reduce catalytic converter thefts by requiring new vehicles to have the VIN stamped onto the converter, allowing law enforcement officers to link stolen parts to the originating vehicles.

Credit Acceptance income drops 42%, auto loan volume up in Q4

Credit Acceptance income drops 42%, auto loan volume up in Q4 https://ift.tt/f9XHsUP

Credit Acceptance Corp.'s auto loan volume from dealerships rose 26 percent during the fourth quarter.