General Motors assembly plants in North America have been hit harder by the microchip shortage this year than any others, according to a new estimate by AutoForecast Solutions.
The refreshed 2024 Wrangler will offer power front seats for the first time. Expect Jeep to move quicker with advancements going forward now that it has to fend off the Ford Bronco.
An easing of the pickup shortages that persisted for years could help dealers as the spring selling season heats up.
Creditors holding about 90 percent of Carvana Co.'s bonds have been pitching the beleaguered used-car company on ways to pare down debt and improve liquidity, including a proposal for a debt-for-equity swap, according to people with knowledge of the situation.
The group, represented by White & Case and PJT Partners, recently offered to swap a substantial amount of unsecured notes for equity in Carvana, the people said, asking not to be named discussing a private matter. The bondholders also said they would allow the company to pay some of its interest with additional debt, a feature known as payment-in-kind.
The proposal isn't final and terms could change. Carvana has not formally engaged with the group's offers, the people added, asking not to be identified because the matter is private.
Bondholders had earlier signaled their interest in moving their existing unsecured positions into new first-lien debt and allowing the company to pay interest in kind for two years, the people said. The plan would save Carvana more than $1 billion in cash interest, the people added. The group also offered to provide new money to the company and asked Carvana's equity holders to inject roughly $1 billion into the business, they said.
Representatives at Carvana, one of its advisers Kirkland & Ellis, and White & Case didn't respond to requests for comment. PJT and another Carvana adviser Moelis & Co. declined to comment.
To maintain a united front, members of the bondholder group have also agreed to extend a cooperation agreement to end of November, with the ability to extend the pact to May 2024, the people said. The group, which includes Apollo Global Management Inc. and Pacific Investment Management Co., came together last year to negotiate with Carvana in preparation for a restructuring.
Led by Chief Executive Officer Ernest Garcia III and his father, Ernie Garcia II, Carvana was one of the companies that benefited from the pandemic economy. The firm raised billions of dollars during the easy-money era to buy droves of pre-owned autos and lure buyers with cheap loans. But its fortunes turned as auto production rebounded and higher interest rates crimped consumer spending.
Carvana had earlier proposed that creditors trade $1.3 billion in debt for $1 billion in notes secured with various assets while shareholders wouldn't suffer a loss. That exchange offer was quickly shot down by the group.
To drum up investor interest, Carvana sweetened terms of the exchange offer and extended the participation deadline to May 3. The company is now staring down at a $168 million interest payment on bonds due in May.
The company's 10.25 percent bond due 2030 last changed hands at around 55 cents on the dollar, according to Trace. Its shares have slumped 89 percent over the past twelve months.
Barra, the highest-paid Detroit 3 CEO for an eighth consecutive year, has now received total compensation of more than $200 million since assuming the top job in 2014.
The reduction is included as part of an "organizational restructuring" that Vroom has implemented amid a reexamination of "all facets of the business," the company said in a regulatory filing.
Domestic and import dealerships in Massachusetts, Virginia, Wisconsin and Indiana traded hands in three first-quarter deals and a third-quarter 2022 transaction.
The unnamed technical project manager is one of a total of 60 people under investigation for aiding and abetting fraud and breach of trust over the illegal use of defeat devices in VW diesel vehicles.
The share of new-vehicle shoppers who say they are very unlikely to purchase an EV has ticked up over the past three months.
Demand in Europe was still sluggish, but the automaker expects that to improve in the coming months as consumer confidence rebuilds.
CEO Elon Musk says the EV maker is trading profit for volume, a common tactic in the auto industry. But the deep price cuts are undermining claims that Tesla is primarily a tech firm.
After its March purchase of two Juneau, Alaska, stores representing eight brands, Goode Motor Auto Group owns all the new-vehicle dealerships in the Alaska capital, according to CEO Matt Cook.
Sedano's acquisitive first-quarter brings his dealership count to 5 and adds a store along California's iconic Mile of Cars in National City.
Elevated supplier debt levels and inflationary pressures could soon lead to more bankruptcies and accelerate consolidation in the supply base, a new study found.
The automaker wants to help the industry develop a standard software foundation that makes the back-end work of building and connecting different vehicle applications faster and easier.
McLaren's next Ultimate Series model should arrive around mid-decade
Toyota produced 9.13 million vehicles in the 12 months through March 31, up from 8.57 million in the previous fiscal year.
Volvo has seen robust demand for its models, with unit sales up 10 percent in the first quarter.
Lithia Motors made its first divestiture of 2023 with the sale of a Subaru store in Alabama, which was the auto retail giant's entry into the southeastern state. The group also sold two other dealerships last year in third-quarter transactions.
At $46,990, the base Model Y now costs $759 less than the average amount paid for a car or truck in the U.S.
Vuong, Vingroup’s founder who in 2019 said he would commit $2 billion of his wealth to VinFast, will personally give $1 billion to VinFast within the next year.
Penske Automotive's Q1 retail automotive same-store service & parts revenue was $643 million, up 10 percent from the same period a year ago.
Honda's radical revamp will move into high gear from 2025 and hinges on new models, better batteries, powerful software and a transformed driver interface, along with dedicated EV factories and a completely overhauled production.
Honda's radical revamp will move into high gear from 2025 and hinges on new models, better batteries, powerful software and a transformed driver interface, along with dedicated EV factories and a completely overhauled production.
Toyota is leveraging Mirai passenger sedan technology to build fuel cell stacks that can power Class 8 trucks.
Meta as of Jan. 30 stopped letting dealerships create used-vehicle listings using a Facebook business page.
GM is spending $4 billion to overhaul the Bolt plant for production of electric Chevy Silverado and GMC Sierra pickups starting next year.
Hyundai reported that its first-quarter profit had more than doubled, as it finalized a $5 billion EV battery joint venture in the U.S., boosting electrification efforts in its largest market.
The plant, which is targeted to begin output in 2026, will have an annual production capacity of 30 gigawatt hours, Samsung SDI said in a regulatory filing.
LinkedIn posts Monday by a store manager and assistance compliance manager announced they were let go and looking for work.
Musk said on a conference call last week that Tesla has the wherewithal to sell cars at “zero profit” and then earn immense sums later off driverless software.
NHTSA estimated 42,795 people died in vehicle crashes on U.S. roads last year, down about 0.3 percent from the 42,939 fatalities reported for 2021.
Tesla has begun producing in Shanghai a version of the Model Y for sale in Canada this year, the first time it will ship cars to North America from China.
The memorial of legendary former Toyota Chairman Shoichiro Toyoda serves as a well-timed inspiration for rekindling Toyota's killer instinct.
Dealership groups on Automotive News' annual ranking focused strongly on used-vehicle operations in 2022, seeking trade-ins and buying directly from consumers to pad used inventories and sustain sales.
CarMax is prequalifying customers online so shoppers know which cars they can afford from the start.
California jury finds that Tesla's Autopilot did not fail in what appeared to be the first trial related to a crash involving partially automated driving software.
Private equity and other investors funneled $394 million into U.S. transportation technology startups in March, about a 43 percent decline from the previous month.
Latisha Jones Smith, 50, faces felony embezzlement charges for allegedly stealing around $71,000 from a Toyota dealership in Philadelphia, Miss.
Shawn Fain said "everything is on the table" in contract negotiations later this year as the union plans to fight for higher wages and better benefits.
Some analysts and investors worry that Tesla's industry-leading market valuation is threatened by factors including price cuts that have undermined its margins, delays in rolling out new models and revisions to its full self-driving software.
A West Coast auto retailer bought and sold dealerships, a dealer acquired his first Ford store, a group grew to three stores and two brothers expanded their holdings, all in transactions that closed in the second and fourth quarters of 2022 and the first quarter this year.
The EV maker will carry out powertrain development for the Polestar 5, a Tesla Model S rival, and the Polestar 6 roadster in Trollhattan, Sweden.
The Stellantis brand, which was hampered by a lineup that grew stale over the past decade, is looking to rebound by offering a broader selection of powertrains and more utility vehicles.
New Toyota CEO Koji Sato, who took office April 1 with the task of speeding up the Japanese carmaker's slow start in the global EV race, outlines a three-step plan to achieving "significantly enhanced" productivity and profitability in Toyota's coming line of electric vehicles.
The development of a new, nonlinear supply chain will be key to unlocking hundreds of billions of dollars in potential annual revenue from software, industry executives said on a panel here at SAE's World Congress.
The 'House of Brands' strategy will create the Range Rover, Discovery, Defender and Jaguar subbrands.
After three years of declining U.S. sales, the brand's new president says a smaller dealer network is needed to be successful.
The auto retailing giant partially offset its declines with gains in new-vehicle and after-sales revenue.
Depending on who you ask, robotaxis are on the brink of widespread scale or an overdue comeuppance. Which outlook is correct? Perhaps both.
Charging infrastructure requires workforce development and industry collaboration.
Ally Financial wrote $9.5 billion worth of auto loans and leases in the first quarter, down 18 percent from a year earlier but up from the prior quarter.
Chrysler is recalling 131,700 2021 Ram 1500 vehicles in North America equipped with 5.7L eTorque engines for an engine stall risk.
The powertrain control module software may create an incorrect fuel mixture in the engine, which can stall the engine.
An engine shut down can cause a vehicle to crash without warning, according to the National Highway Traffic Safety Administration.
It's estimated that 100% of these vehicles have the defect, NHTSA said.
An investigation was opened Jan. 20. As of March 30, one accident and no injuries were reported in relation to the defect.
Owners will be notified by mail beginning June 2, 2023. Dealers will update the PCM calibration software without charge.
A Stellantis spokesperson was not available for comment.
Mini could begin building an electric crossover in BMW's Mexico factory in the second half of the decade.
Toyota is evaluating whether to bring the bZ Sport Crossover Concept and the bZ FlexSpace Concept SUV to Europe.
Rivian is planning hundreds of stations for the Rivian Adventure Network. Like Tesla, Rivian plans to open its chargers to the public.
Chinese automakers are now leading the world in making EVs that compete on price and technology for the average budget, threatening established automakers.
Tesla reduced prices Tuesday on the Model Y crossover by $3,000 and the base Model 3 sedan by $2,000. The EVs also qualify for a federal tax incentive.
A bill that aimed to block automakers' use of right of first refusal on dealership buy-sell deals in West Virginia failed to move in the House of Delegates before the state's legislative session ended last month.
U.S. Rep. Jason Smith, R-Mo., raised concerns over whether the arrangement leans on a "loophole" in the electric vehicle tax credit's battery component sourcing requirements and goes against the law's intent of U.S. energy security and reducing dependence on foreign adversaries such as China for battery materials and manufacturing.
Tesla is expected to report lower vehicle gross margins after juicing deliveries this year with multiple rounds of price reductions.
Under the direction of CEO Wang Chuanfu and backed by Berkshire Hathaway, BYD has global expansion plans.
The updated Cayenne, with a revived V-8 engine, arrives in U.S. stores this summer.
The redesigned midsize crossover will start at $51,810 and go on sale early next year.
Hyundai is speeding up its rollout of a software upgrade for its vehicles without engine immobilizers as part of its response to increasing thefts of its vehicles.
These electric vehicles are eligible for either a full $7,500 credit or a partial credit of $3,750 under the tougher eligibility rules. Nine previously eligible models would no longer qualify, according to an updated list released Monday.
Lancia turned to the Stratos and Beta for styling cues, as it prepares to join Alfa Romeo and DS in Stellantis' premium brand group.
Mark Hogan helped lead General Motors, Toyota and supplier Magna over a career spanning more than four decades.
The British chemicals company, which recently entered the automotive market with its BMW-powered Grenadier SUV, will lean on the Canadian supplier for its engineering and manufacturing expertise.
Almost 1 million vehicles have been removed from automakers' production plans so far this year, according to the latest estimate by AutoForecast Solutions.
The 2019 UAW strike at GM led to hundreds of millions of dollars in lost revenue. For many suppliers, a strike in 2023 would be worse.
Design chief Ralph Gilles said concepts help establish the company's direction as it enters the era of electric vehicles.
A report from the British Parking Association warns that garages built decades ago for smaller cars might not be able to handle EVs.
Cruise’s ambitions to build a viable robotaxi business has similar undertones as something else that once seemed impossible: A GM bankruptcy.
The lawsuit, filed in Ontario Superior Court, alleges that the supplier "chose to illegally recruit and hire foreign workers and violate" the Employment Standards Act.
The plaintiff could appeal and ask the full 4th Circuit to revision the decision, or take the case to the U.S. Supreme Court. In both cases, however, those requests are rarely granted.
Hyundai is making use of the leasing provision in the EV tax credit rules to keep its electric models in the fight.
Tesla slashed prices in Europe, extending a global discount drive to help boost demand for its EVs.
U.S. sales of the 4xe surged to more than 43,000 last year, representing nearly a quarter of all Wranglers.
The Rivian-made Enduro motor replaces units made by Bosch in most configurations of the R1T pickup and R1S crossover. Rivian says it will save money and speed up production.
The factory renaissance could soon hit a barrier because of the scarcity of ready-to-go megasites, according to 25 economic development groups, state and local officials, utilities, and companies interviewed by Reuters.
Andrew Wareing began his Nissan career as a buyer at the automaker's assembly plant in Sunderland, England. He succeeds Hiroshi Izumiyama in the role.
Nissan is opening the valve on fleet sales, even as some retailers say they have a less than 30-day supply of entry-priced models.
Ouster filed a patent infringement complaint with the U.S. International Trade Commission against rival lidar maker Hesai and its related entities on April 12.
The cuts come after Michigan-based Hagerty reduced its workforce in December by about 6 percent, or 103 employees.
Just as the supply chain is smoothing out and the cadence of production improves, automotive suppliers are now seeing red where balance sheets had long been stable.
The soaring cost of money and tightening credit conditions are hurting liquidity, and in some cases, tipping financially distressed companies into insolvency.
Small- and mid-size suppliers that are heavily leveraged with a large amount of variable interest debt are the most vulnerable. That applies to many manufacturers in Michigan, said Steven Wybo, senior restructuring and management consultant at Detroit area firm Riveron.
"For the first time in over a decade, we're actually talking about interest rates significantly impacting businesses' ability to grow and survive," he said.
While automakers took in record profits over the past couple of years, their suppliers absorbed most of the impact of supply chain snarls by cutting costs, trying to renegotiate contracts and often taking on more debt — a decision that has proved to be costly.
When North Carolina-based Stanadyne LLC, whose creditors include Ford Motor Co. and Autocam Corp., filed for Chapter 11 bankruptcy protection in February, it cited interest rates as the driving force.
"The debtors filed these Chapter 11 cases because they will not be able to outrun their current interest rates, which have crippled the debtors and drained liquidity since the rapid rise in their variable rates," according to the bankruptcy declaration from the company.
Others are facing a similar liquidity crunch. Plastics, rubber and foam supplier Unique Fabricating Inc. is running low on cash while its lender runs short on patience.
After more than half a dozen forbearance agreements and a default last month, Citizens Bank NA notched up the interest rate on its loan to the company and stopped automatic advances under its revolving line of credit, according to a filing with the U.S. Securities and Exchange Commission.
"The days of kicking the can on covenants or waivers on defaults and being friendly, I think, are mostly over for now," Wybo said of lending practices in general. "The banks can't afford to be too lenient. They were very lenient during COVID."
Unique Fabricating's predicament is not unusual. The profile of the company, which had an estimated revenue of $136 million last year, mirrors many other small and mid-size suppliers. But its publicly traded status in a space dominated by private companies offers a glimpse into the financial turmoil that turnaround experts have said is prevalent at this part of the supply chain.
Wybo said he has a couple dozen financially distressed clients, and most of them have pointed to rising interest rates as a major factor. While bankruptcy is the result only in the most severe cases, daunting debt service levels are impacting nearly all companies with variable debt on the books.
Cooper-Standard Automotive Inc.'s debt increased just slightly year-over-year to about $1 billion in 2022, as detailed in its annual earnings report in February. At the same time, its net interest expense jumped $6 million due to higher interest rates.
The elevated debt service level, it warned investors, is burning cash that could otherwise be used for working capital, capital expenditures or research and development.
The same dynamic is at play with Stoneridge Inc. The supplier's interest expenses increased about $2 million from 2021 to 2022 primarily because of higher credit facility interest rates, it said in its annual financial report filed last month.
"It can be a major hurdle for suppliers," said Sean Pattison, principal at Plante Moran who specializes in restructuring. "When you have less cash, then every decision becomes that much more important."
At Superior Industries International Inc., most of its $647 million of debt was at a floating rate at the end of 2022, though it did execute a swap for fixed rate debt to hedge against volatility in the future, the company said in its annual report filed last month.
The interest rate on its $400 million term loan facility jumped more than 8 points to 12.3 percent, amounting to an annual interest expense of $46.3 million, or $4.5 million more than what it paid the previous year.
"A significant portion of our cash flow from operations will be used to pay our interest expense and will not be available for other business purposes," the company said in the filing.
Auto suppliers are starting to look to customers for recoveries related to elevated interest expenses, Pattison said. But those negotiations differ from the price increases many customers have reluctantly given to help suppliers weather rising costs for material and labor, as well as production shutdowns.
"The OEMs view that separately from operational challenges," Pattison said of rising interest rates. "They would view it as outside of their control or outside of their effect on the suppliers, so I think they're trying to avoid having to compensate or reimburse suppliers for that increase in cost."
However, for many companies, the turbulent financial situation has only worsened.
"Suppliers, more so now than even 24 months ago or 12 months ago, are trying to include any cost increase they can that's making their contribution and profit margin erode away," Pattison said.
Suppliers have only two options to mitigate losses: cut costs and improve efficiencies, Wybo added. After that, they fall back on their customers for help.
"For a lot of these distressed companies, it's been a buildup of three years of depressed volumes, volatility in releases, increased labor, etcetera," he said. "This massive rise in interest rates hit these borrowers quickly."
Zoox disclosed more information Wednesday about how it self-certified its robotaxi and discussed its occupant-protection efforts in the wake of scrutiny from federal regulators.
Floorplanning, which is the financing surrounding the car dealer's wholesale vehicle purchase, is expected to flip to become a cost for dealers this year, as opposed to a profit.
The next-generation electric Mini Cooper will be shorter and lighter than the current model and built on a dedicated EV platform.
The premium midsize crossover will join a segment led by the Tesla Model Y.
Tesla's red-hot sales growth last year cooled in the first two months of 2023, and its share of the EV market fell from to 58 percent from 72 percent despite U.S. price cuts.
Vayner loses its social AOR duties for the Ford main brand, duties it took away from VMLY&R a little over a year ago
One of Thomas Schäfer's first moves as VW brand boss was to commission a concept previewing a small electric car that he wants to cost less than 25,000 euros ($27,300).
A major transport union opposed a request filed by Alphabet's self-driving unit Waymo and autonomous driving technology company Aurora for an exemption from rules on warning devices for large semi-trucks, citing safety issues.
The site, to be renamed the Oakville Electric Vehicle Complex, will include a 407,000-square-foot battery pack assembly plant.
CarMax said net income plunged 57 percent to $69 million in the quarter ended Feb. 28.
Vehicles for Change worked with a Houston company on the curriculum. They have a virtual reality lesson on oil changes and plan to add more lessons.
Vehicles for Change has trained 220 people to become technicians so far. It has an 89 percent completion rate, and 95 percent of program graduates are placed in an auto service job.
VW is seeking to sell its Russian operations but amid legal wrangles.
Volkswagen Group’s choice of Ontario for a new battery cell manufacturing plant puts Canada in contention to land an additional auto assembly operation, auto analysts say.
The new Apple CarPlay technology allows motorists to order a pizza with a few taps on the screen.
Mazda's new CX-90 large crossover is the beginning of a brand shift to move further upmarket.
If the 17 states that follow the U.S. Clean Air Act adopt California's rule, three in four vehicles could be EVs by 2050, according to Energy Innovation.
Survey: 29% of customers charged above MSRP told GfK they would never buy that brand of vehicle again.
Tesla is leveraging China's world leading battery supply chain to ramp up output and lower costs of Megapack lithium ion battery units to meet rising demand of energy storage as the world shifts to more renewable energy.
Ford CEO Jim Farley says the company's first new assembly plant in more than a half-century will be 'a marvel of simplification.'
For the first time in weeks, assembly plants in China led the way in weekly production losses because of the microchip shortage.
Work Truck Solutions, founded by Kathryn Schifferle, helps dealers better manage their commercial inventory and connect with buyers.
CULA, a platform connecting credit unions and dealerships for leases, facilitated a record $2.7 billion in leasing in 2022 — despite leasing being down overall industrywide that year.
The U.S. auto industry and the Department of Defense are in the same boat when it comes to sourcing critical metals.
The lawsuit, which seeks class-action status, follows a Reuters report that Tesla employees privately shared via an internal messaging system sometimes highly invasive videos and images recorded by customers’ car cameras.
NHTSA is probing an incident in which the driver of a 2022 Tesla Model Y reportedly failed to stop for a school bus displaying warning lights and struck a student.
Dealerships are paying for expensive EV charging stations and hoping solar panels cover some of the costs.
Cox Automotive's Manheim Used Vehicle Value Index rose 1.5% in March from February.
Demand for new vehicles remained strong despite rising transaction prices, and the selling rate jumped to 15.3 million a year.
L.A.'s iconic Felix Chevrolet changed hands, a group added another Kia store to its mix, and dealerships selling General Motors and Stellantis brands traded hands in fourth-quarter and second-quarter transactions.
How strictly the U.S. Treasury Department defines and enforces the law's "foreign entity of concern" provision could affect the Biden administration's objectives to drive EV adoption and build a domestic supply chain.
Tesla reduced prices to spur demand. It also said the base Model 3 would lose half its federal tax credit. And the EV maker listed a new base configuration for the Model Y.
Koji Sato, in his first news conference after replacing Akio Toyoda, said Toyota and Lexus will launch 10 new EVs in the next three years.
LMP Automotive Holdings Inc. has sold two more dealerships and said it is under contract to sell two other franchised dealerships in West Virginia, believed to be its last franchised stores.
Walmart plans to have its own network of electric vehicle charging stations for public use by 2030, to tap into growing adoption of EVs in the United States.
GFG Style, founded by Giorgetto and Fabrizio Giugiaro, has designed the cars for Bruno Laffitte, the grandson of French Formula One driver Jacques Laffite.
The Gregg Young Automotive Group, with stores in Iowa and Nebraska, added four dealerships in three transactions late last year to add to its presence in the Hawkeye state.
Lighter, more energy dense silicon-based battery anodes could help boost the range of EVs considerably.
Unique Fabricating is facing insolvency after failing to make loan payments and dealing with allegations of improperly reporting finances, on top of being investigated for alleged labor rights violations in Mexico.
Lucid employees, from the assembly line to software engineers, announced their departures online after the EV startup said it was laying off about 1,300 workers.
The Silverado and Sierra will receive other updates for the 2024 model year, including new exterior paint colors.
The Wilderness package has been a major hit for Subaru, accounting for just under 20 percent of Outback and Forester volume, while attracting new customers to the brand who seek to go deeper into the woods, mountains or desert.
The Volkswagen Atlas Peak Edition is inspired by a concept off-roader the automaker showed at the New York auto show in 2019, but is largely an appearance boost to make the three-row crossover look more rugged.
Tavares' total compensation for 2022 was almost $26 million, including long-term compensation.
Two of the country's largest dealership groups made first-quarter purchases while two other growing groups on the East Coast also made early 2023 purchases.
The passenger occupant detection systems may experience a wiring fault, which could deactivate the front passenger airbags even when the seat is occupied.
Legacy automakers have been sounding optimistic lately about vehicle sales in China but many are slowly but steadily getting squeezed out of the market.
Third-party app stores will bring TikTok and Zoom to cars. Are the risks worth the rewards? Safety advocates are questioning the logic behind these integrations.
Toyota released a teaser image of its redesigned 2024 Toyota Tacoma midsize pickup showing it will feature an iForce hybrid powertrain tuned for added power and towing capability, following its earlier strategy for Tundra.
The award that Owen Diaz won two years ago was among the highest ever for an individual suing over discrimination in the U.S. Diaz elected for a retrial on damages after a judge said the amount was too high.
With more people shopping online, lenders such as Ford Credit must shift strategies.
The U.S. auto market, driven by fleet sales, is forecast to rise 1 to 7 percent in March, capping a first-quarter rebound, as inventories steadily rebound and discounts, while still low, rise across much of the industry.
Senator Joe Manchin stepped up his fight with the Biden administration over its implementation of the president's signature climate bill in a way Manchin says over-emphasizes clean energy technology, turns away from fossil-fuel production and spends too much.
Investors have been watching Musk's gamble that cutting prices would stimulate sales, although they worry about eroding margins.
The current, eighth-generation Golf will get a comprehensive update next year but after that it will not be replaced with a combustion engine model.
Lithia Motors, once the smallest publicly traded dealership group before embarking on a multiple-year dealership buying spree, passed longtime No. 1 AutoNation in new vehicles sold in 2022.
A sunroof doesn't fit the muscle car's 'ethos,' Dodge says. But customers who really, really, really want one will pay a hefty price.
The U.S. auto market, driven by fleet sales, is forecast to rise 1 to 7 percent in March, capping a first-quarter rebound.
