Sales slide after end of tax credit, but EVs show sign of ‘healthy, competitive market’
With the end of federal tax credits on Sept. 30, sales of electric vehicles are taking a hit after a record third quarter, industry observers say, but there still are some “encouraging” signs for the EV market. There were 438,487 new EVs sold in Q3, which beat second-quarter figures by 40.7% and prior-year figures by […]
November 06, 2026
Tom Kilgarriff describes McGovern Automotive Group president Matt McGovern as “a big proponent of used cars.” “All the stores are expected to sell used cars, and year to date we’re just about one to one used to new,” said Kilgarriff, who is group pre-owned manager for McGovern Automotive Group, who is Auto Remarketing’s 2026 Franchise […]
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November 06, 2026
During its third quarter earnings call, Cars.com launched Marketplace Starter, a no-fee self-service subscription plan aimed at independent dealers. The online marketplace sees attracting more independent dealers to list on its site as a key to long-term sustainability. “In keeping with our focus on development velocity, we launched our first self-service marketplace offering to better […]
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November 06, 2026
Penske Automotive Group reported its third-quarter financial results late last month, with quarterly revenue up 5% year over year to $8.4 billion. However, those used to PAG’s detailed earnings call presentation after the initial press release found things a bit different this time around. Its second-quarter conference call with industry analysts earlier this year might […]
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