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The 1990s began the decade in a recession, which resulted in weak auto sales and operating losses. The Invasion of Kuwait by Iraq caused a temporary jump in oil prices. The automakers recovered fairly quickly. In the mid-1990s, light truck sales, which included sport utility vehicles, pickup trucks and minivans, began to rise sharply.
Autotrader.com was founded in 1997. [2] It was derived from Auto Trader magazine, first published by Stu Arnold in 1973. [5] Freelance photographers would travel to the address of a customer to photograph their vehicle.
A house for sale by its owner. For sale by owner (FSBO) is the process of selling real estate without the representation of a broker or agent. This is where the homeowner sells directly to a new homeowner. Homeowners may still employ the services of marketing, online listing companies, but can also market their own property.
Shortages of computer chips and other parts continued to hobble the U.S. auto industry last year, contributing to vehicle sales dropping 8% from 2021 to their lowest level in more than a decade.
In 2009, during the great recession, AutoNation announced a newly formed AutoNation Payment Protection program, promising that the dealership will buy back any car at market value, should the owner lose their job. [20] By 2011, AutoNation was the first auto retailer in the U.S. to sell a total of 8 million vehicles. [21]
An auto parts supplier plans a $114 million investment to expand its facility in Alabama to support the production of electric vehicle parts, Gov. Kay Ivey's office announced Tuesday. Shinhwa Auto ...
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