CarMax’s Bad Q3 Results Drag Down Industry
Rising inflation and interest rates are eating into consumer demand and making it hard for used-car retailers to offload vehicles at or above the rates they bought them for. IMAGE:…
Luxury German Brands Dip in 2022
2022 sales of BMW’s electrified MINI climbed 14.3%, making up 21% of MINI deliveries. IMAGE: BMW Group Mercedes sales dropped 1% last year to 2.05 million vehicles, behind German luxury…