DETROIT — Prices of new and used automobiles are staggeringly high, and that’s partly responsible for strong earnings last year by AutoNation, the country’s largest dealership group.
February 18, 2022car sales
Business 
Mike Manley in 2019 by Carlos Osorio/AP
Q&A: AutoNation CEO Sees Vehicle Prices Moderating This Year
Mike Manley in 2019 by Carlos Osorio/AP Business, Equipment 
A pickup truck sits at a dealership in Illinois in May. (Daniel Acker/Bloomberg News)
Auto Sales to Edge Up 3.4% as Shortages Continue
A pickup truck sits at a dealership in Illinois in May. (Daniel Acker/Bloomberg News)U.S. auto sales will climb just 3.4% this year to 15.4 million cars and trucks as the semiconductor shortages continue to constrain vehicle inventory, auto dealers predict.
January 11, 2022 Business 
A 2021 Chevrolet Silverado on a lot at the Green Chevrolet dealership in East Moline, Ill. (Daniel Acker/Bloomberg)
GM Loses Spot Atop US Car Market to Toyota
A 2021 Chevrolet Silverado on a lot at the Green Chevrolet dealership in East Moline, Ill. (Daniel Acker/Bloomberg)For the first time since 1931, General Motors Co. isn’t the top-selling automaker in the U.S. The Detroit-based company lost its crown to Japanese rival Toyota Motor Corp., which boosted sales 10% last year despite a 28% decline in the fourth quarter.
January 4, 2022 Business 
Dodge Ram pickup trucks sit on display at Sam Leman Chrysler, Dodge, Jeep in Peoria, Ill. (Daniel Acker/Bloomberg)
New Auto Sales Up in 2021, but Below Pre-Pandemic Numbers
Dodge Ram pickup trucks sit on display at Sam Leman Chrysler, Dodge, Jeep in Peoria, Ill. (Daniel Acker/Bloomberg)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.
January 4, 2022 Business, Logistics 
The Huntington Ford dealership on Rochester Road in Rochester Hills, Mich. (iStock/RiverNorthPhotography)
Car Sales Drop as Chip Shortages Stymie Buyers
The Huntington Ford dealership on Rochester Road in Rochester Hills, Mich. (iStock/RiverNorthPhotography)After sounding an optimistic note in the first half of the year as soaring car prices padded their profits, auto executives have become more resigned to supply chain headaches after recent COVID-19 outbreaks in Malaysia hampered semiconductor production.
September 30, 2021 Government, Business 
Signage is displayed outside of a Hertz rental location at Los Angeles International Airport (LAX) in Los Angeles in August 2019. (Martina Albertazzi/Bloomberg News)
Hertz Files for Bankruptcy After Rental Car Demand Vanishes
Signage is displayed outside of a Hertz rental location at Los Angeles International Airport (LAX) in Los Angeles in August 2019. (Martina Albertazzi/Bloomberg News)Hertz Global Holdings Inc., the rental car company founded with a dozen Ford Model Ts more than a century ago, filed for bankruptcy late May 22 after sweeping travel restrictions and the global economic collapse destroyed demand for its vehicles.
May 26, 2020 Business 
General Motors vehicles on display at a car dealership in Tinley Park, Ill. (Daniel Acker/Bloomberg News)
Automakers Avoid Disaster With 0% Financing
General Motors vehicles on display at a car dealership in Tinley Park, Ill. (Daniel Acker/Bloomberg News)Zero-percent auto financing deals hit a record last month as carmakers kept the U.S. auto market from collapsing.
May 1, 2020 Government, Business 
(Bloomberg News)
Fear of an Impending Car-Price Collapse Grips Auto Industry
(Bloomberg News)The auto industry — already fretting lengthy factory shutdowns and depressed new-vehicle demand — is starting to sound the alarm about a potential used-car price collapse that could have far-reaching consequences for manufacturers, lenders and rental companies.
April 13, 2020 Business 
Daniel Acker/Bloomberg News
Moody’s Downgrades Auto Sales Forecast on Coronavirus Fears
Daniel Acker/Bloomberg NewsFRANKFURT, Germany — Ratings agency Moody’s is lowering its forecast for global auto sales because of the new coronavirus outbreak.
February 26, 2020 Business, Technology, Logistics 
Patrick T. Fallon/Bloomberg News
Carmakers Sell More to Rental Companies as Retail Demand Weakens
Patrick T. Fallon/Bloomberg NewsStronger-than-expected new car sales last month belied a dirty little secret: Automakers have been selling more vehicles to rental fleets in recent months to prop up volume.
April 4, 2019