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Time To Buy? New Vehicle Inventories And Incentives Are Up

The Truth About Cars

After several years of swelling vehicle prices and tragically lean inventories, the market has reached a point where dealer lots are getting full and consumers are becoming disinclined to go into quite so much debt in order to purchase a new automobile. Everything is relative in the world of car buying. elections play out.

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BYD Buys Car Distributor in Germany, fueling Push in Europe

Teslarati

BYD Automotive GmbH plans to buy Hedin Electric Mobility, a car distributor in Germany. Purchasing Hedin Electric Mobility will likely strengthen BYD’s position in the European market. According to Reuters , BYD’s purchase deal with Hedin is subject to approval but is expected to close by the fourth quarter of this year.

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Tesla stock gets another quick buy from ARK in two ETFs

Teslarati

Tesla stock ( NASDAQ: TSLA ) was the subject of another day of buying from the bulls at ARK Invest, marking the second time in as many weeks the firm bought the automaker’s shares in its ETFs. Meanwhile, its Next Generation Internet ETF, known as $ARKW, purchased 17,422 shares. The ETFs consist of many different stocks.

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Nissan offers Chevy Bolt EV drivers a deal to buy a new LEAF

Electrek

If you drive a Chevy Bolt EV or EUV model, Nissan wants you to buy (or lease) a new LEAF. Nissan is enticing Bolt EV drivers with a new incentive with the purchase or lease of a LEAF.

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Penske Automotive Buys Largest Ford Dealer Network By Sales

The Truth About Cars

Penske Automotive Group has just purchased Michigan’s Bill Brown Ford in Michigan, which sells more Ford-badged automobiles than any other retailer in the world. This is the second Ford dealership purchased by the company this year. It’s not great news for anybody hoping to start a multi-generational automotive business.

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Tesla rumored to be purchasing wireless charging company Wiferion

Teslarati

Tesla is rumored to be purchasing wireless charging company Wiferion, a Freiberg, Germany-based entity with charging and power solutions. The shareholders intend to sell their shares in the company to Tesla International BV by means of a purchase agreement,” the filing said. It also bought Hibar Systems in late 2019.

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Tesla enables in-car purchases and subscriptions

Electrek

Tesla has started to enable in-car purchases and subscriptions in its latest software updates. Owners can buy a “Premium Connectivity” straight from their center console inside Tesla vehicles. more… The post Tesla enables in-car purchases and subscriptions appeared first on Electrek.

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