Hyundai Posts Robust Q1
Profit balloons as carmaker bests industry on sales.
Profit balloons as carmaker bests industry on sales.
Auto groups acquire and sell dealerships in Montana, Washington, Texas, Massachusetts and Iowa.
They say brands haven’t done enough to protect vehicles without antitheft tech.
Picks up Hometown Subaru, Hometown Kia, and Hyundai of Beckley, all in West Virginia.
It reported that US retail sales rose 15% while fleet sales jumped 27%.
They say carmakers haven’t done enough to mitigate lack of standard engine immobilizers in 2011 to 2022 models.
They say recently announced upgrades aren’t enough to stem ‘alarming' increase in stolen models without antitheft tech.
Tax credit change that requires EVs be assembled in North America cited for the surge.
Parts to build new vehicles and repair and maintain existing ones remain in short supply.
Analysts say industry is slowly returning to historically normal conditions.