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Much of the reason Americans are paying nearly $50k for a car is that automakers decided to go all-in on expensive cars. The more they charge for a car, the more money they make off it.
Jeg Coughlin Sr. started JEGS Automotive Inc. in 1960 in a garage near downtown Columbus, Ohio because there was no source in the Midwest to obtain high-performance auto parts to modify hot rods. As JEGS became known for their full selection, the "garage" grew into a successful company.
After nearly a year of waiting, Amazon users can now buy a Hyundai vehicle through the online retailer.Starting today, Amazon car shoppers in 48 cities, including New York, Los Angeles, and ...
While CarMax stores focus on marketing used vehicles, the company acquired its first new car franchise with Chrysler Corporation in 1996. [4] By 1999, it added new vehicle franchises for Mitsubishi Motors, Toyota, and Nissan. [5] In late 2021, CarMax sold its last new vehicle dealership, located in Kenosha, Wisconsin, to the Rydell Company. [6]
New data shows that even currently, EV prices in the used market are under pressure. According to Manheim’s latest used vehicle value index , used gas-powered car prices fell 3.5% in October ...
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