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Since most states have requirements for a dealer to warranty or even guarantee a used vehicle for a certain amount of time and or mileage if sold to the public at a certain price, [10] a dealer must make a profit selling the previously traded car (now a used car). Trade-in value is an important facet of the car deal.
Massey was a natural salesman and by the late 1950s had been promoted to used car manager and then general manager at a Chevrolet dealership in Detroit. In 1961, Massey opened his own used car lot in Wayne, Michigan. About six years later, Massey bought part of the Beglinger Oldsmobile-Cadillac agency in Plymouth, Michigan, and it became ...
In 1938, he opened a used car lot and two years later became a Studebaker dealer. Studebaker Corporation faced financial difficulties in the 1950s which led to Davis closing his dealership in 1956. [1] [2] In 1963, he opened a Chrysler-Plymouth dealership which he ran until 1971. [2] [3]
Feb. 19—Facing expanding competition and needed investments, auto dealers are increasingly putting their stores on the sales block — accelerating consolidation in an industry historically ...
Rod Alberts announced he will step down in 2025 as executive director of the Detroit Auto Dealers ... Auto Show speaks during the North American Car, Truck and Utility of the Year awards on Monday ...
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