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June 1, 2025

auto sales

Article

Carvana CEO: Interest rate cuts, price declines should make used vehicles more affordable

November 18, 2024 The Associated Press

DETROIT — Since it started selling cars in 2013, Carvana has disrupted the U.S. used vehicle market with no-haggle pricing and an online buying process that cuts out the often-dreaded salesman. CEO and co-founder Ernie […]

Article

New auto sales up in 2021, but long way before full recovery

January 7, 2022 Tom Krisher, Associated Press

DETROIT — U.S. new vehicle sales rebounded slightly last year from 2020’s dismal numbers, but forecasters expect them to be more than 2 million below the years before the coronavirus pandemic.  The reason? Although there […]

Article

US auto sales slump, stalled by car computer chip shortage

October 5, 2021 Tom Krisher, Associated Press

DETROIT — In a normal month before the pandemic, Con Paulos’ Chevy dealership in Jerome, Idaho, sold around 40 new vehicles. In September, it was only six. Now he’s got nothing new in stock, and […]

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