Automobile dealing
This Nov. 15, 2020 photo shows a long row of unsold used Highlander sports-utility vehicles sits at a Toyota dealership in Englewood, Colo. In 2021, high demand and low supply have driven up used vehicle prices so much that many are now selling for more than their original sticker price when they were new. (AP Photo/David Zalubowski)
Some used vehicles now cost more than original sticker price

By Tom Krisher Jun. 22, 2021 03:51 PM EDT

Ford pickup trucks built lacking computer chips are shown in parking lot storage in Dearborn, Mich., Tuesday, May 4, 2021. Automakers are cutting production as they grapple with a global shortage of computer chips, and that's making dealers nervous. (AP Photo/Paul Sancya)
Edmunds: Less choice, higher car prices in chip shortage

By Ronald Montoya May. 19, 2021 06:51 AM EDT

Ford pickup trucks built lacking computer chips are shown in parking lot storage in Dearborn, Mich., Tuesday, May 4, 2021. Automakers are cutting production as they grapple with a global shortage of computer chips, and that's making dealers nervous. (AP Photo/Paul Sancya)
As chip shortage goes on, cars are scarce and prices are up

By Tom Krisher May. 12, 2021 11:27 AM EDT

A prospective buyer surveys a long row of unsold 2020 pickup trucks at a Ram dealership, Sunday, Dec. 27, 2020, in Littleton, Colo. Selling your vehicle to a private party can be an unnecessary source of risk during the pandemic. Edmunds recommends three alternatives to minimize the time and people you interact with. (AP Photo/David Zalubowski)
Edmunds: How to sell a car in a pandemic, and do it safely

By Ronald Montoya Mar. 10, 2021 08:07 AM EST

In this image made from video, cars drive through the used vehicle lot at a LaFontaine auto dealership in Fenton Township, Mich., Thursday, Jan. 28, 2021. A chain reaction touched off by the coronavirus pandemic has pushed new-vehicle prices to record highs and dramatically driven up the cost of used ones. (AP Photo/Mike Householder)
New or used? Either way, price hikes squeeze US auto buyers

By Tom Krisher And Mike Householder Feb. 23, 2021 09:37 AM EST

A long row of unsold 2021 QX50 sports-utility vehicles sits at an Infiniti dealership Sunday, Dec. 27, 2020, in Highlands Ranch, Colo. U.S. auto sales are expected to be down only about 15% for the year, with the average price hitting a record high as sales bounced back during the second half of the year. AP Photo/David Zalubowski)
Late sales rebound helps US automakers avoid 2020 disaster

By Tom Krisher Jan. 05, 2021 05:56 PM EST

FILE - This undated file photo provided by NerdWallet shows Liz Weston, a columnist for personal finance website NerdWallet.com. (NerdWallet via AP, File)
Liz Weston: RV-Buying Mistakes to Avoid

By Liz Weston Of Nerdwallet Dec. 21, 2020 07:00 AM EST

FILE - In this Nov. 29, 2019 file photo, a shopper carries a crockpot during Target's Black Friday sale, in the Borough of New York. The National Retail Federation, the nation’s largest retail group, expects that holiday sales could actually exceed growth seen in prior seasons despite the uncertainty surrounding the pandemic. (AP Photo/Bebeto Matthews, File)
Retail trade group sees solid holiday sales despite pandemic

By Anne D'innocenzio Nov. 23, 2020 01:01 PM EST

Women wearing face masks to help curb the spread of the coronavirus walk through the capital city's popular shopping mall in Beijing, Monday, Oct. 19, 2020. China’s shaky economic recovery from the coronavirus pandemic is gaining strength as consumers return to shopping malls and auto dealerships while the United States and Europe endure painful contractions.(AP Photo/Andy Wong)
China's economy accelerates as virus recovery gains strength

By Joe Mcdonald Oct. 18, 2020 10:21 PM EDT

Used vehicle prices up as supply sinks, but relief is coming

By Tom Krisher Oct. 13, 2020 02:33 PM EDT
DETROIT (AP) — It cost a whole lot more to buy a used SUV, car, truck or van last month than it did before the coronavirus hit, and that almost singlehandedly...

FILE - In this file photo dated Thursday, April 23, 2020, flags wave in front of a factory building during the production restart of the plant of the German manufacturer Volkswagen AG (VW) in Zwickau, Germany. Carmaker Volkswagen reports Thursday July 30, 2020, an after-tax loss of 1.54 billion euros (dollars 1.81 billion) in the second quarter as the pandemic shut down auto plants and closed dealerships. (AP Photo/Jens Meyer, FILE)
Volkswagen lost $1.8 billion in Q2 but sees profit for year

Jul. 30, 2020 05:27 AM EDT

A photo provided by Hyundai Motor America shows Jose Munoz. Early last year, Munoz left Nissan to become the latest CEO of Hyundai’s operations in the Americas. Sales rose in 2019 as the new SUVs took hold. Then the coronavirus hit. (Rusty Hood/Hyundai Motor America via AP)
Hyundai exec: Online sales will help with virus resurgence

By Tom Krisher Jul. 12, 2020 08:47 PM EDT

FILE - In this Feb. 2, 2020 file photo a long row of unsold Charger sedans sits at a Dodge dealership in Littleton, Colo. Certified pre-owned vehicles present a great opportunity for used-car shoppers now. (AP Photo/David Zalubowski, File)
Edmunds: Now is time to shop for certified pre-owned vehicle

By Ronald Montoya Of Edmunds Jul. 08, 2020 06:00 AM EDT

FILE - In this July 12, 2018, file photo Rep. Roger Williams, R-Texas, listens to testimony from Treasury Secretary Steven Mnuchin during a hearing with the House Financial Services Committee on Capitol Hill in Washington. At least 10 lawmakers and three congressional caucuses have ties to organizations that received federal coronavirus aid, according to government data released this week. Among businesses that received money was a car dealership owned by Williams. (AP Photo/Jacquelyn Martin, File)
Data: Congress created virus aid, then reaped the benefits

By Matthew Daly And Brian Slodysko Jul. 08, 2020 12:21 AM EDT

FILE - In this Jan. 17, 2019, file photo Rep. Susie Lee, D-Nev., speaks at a news conference on Capitol Hill in Washington. At least 10 lawmakers and three congressional caucuses have ties to organizations that received federal coronavirus aid, according to government data released this week. A regional casino company led by the husband of Rep. Susie Lee received money. (AP Photo/Andrew Harnik, File)
Data: Congress created virus aid, then reaped the benefits

By Matthew Daly And Brian Slodysko Jul. 07, 2020 05:43 PM EDT

FILE - In this Feb. 19, 2020 file photo Kentucky Gov. Andy Beshear speaks to the press at the Capitol in Frankfort, Ky. Beshear says protesters who hung an effigy of him were trying to use “fear and terror" to force their will on others. The Democratic governor on Tuesday, May 26, 2020 referred to the protesters as a mob. He said he won't back down as he condemned the rally that spread to where his children play at the Governor’s Mansion. (AP Photo/Bryan Woolston)
Man who hanged effigy of Kentucky governor fired from job

May. 27, 2020 01:38 PM EDT

Atilis Gym co-owner Ian Smith speaks with supporters outside his gym in Bellmawr, N.J., Tuesday, May 19, 2020. The gym in New Jersey reopened for business early Monday, defying a state order that shut down nonessential businesses to help stem the spread of the coronavirus. (AP Photo/Matt Rourke)
NJ reopening car, motorcycle dealers and bike shops

May. 19, 2020 02:41 PM EDT

Helen Wood, a groomer at The Dapper Dog, an all-breed grooming salon, gives a trim to Gracie, a Great Pyrenees, at the business, Monday, May 11, 2020, in Owensboro, Ky. The business, which has been closed since mid-March due to the cororavirus pandemic, was allowed to reopen Monday under strict guidelines from Kentucky Governor Andy Beshear. (Greg Eans/The Messenger-Inquirer via AP)
Bat factory resumes work as Kentucky starts some reopenings

By Bruce Schreiner May. 11, 2020 12:45 PM EDT

FILE - This Oct. 16, 2019, file photo shows a sign at a General Motors facility in Langhorne, Pa. U.S. auto safety investigators have found no apparent defect with the passenger air bag seat sensors in thousands of older General Motors sedans. The National Highway Traffic Safety Administration denied a 2013 petition filed by a private crash investigator seeking a formal investigation of full-size cars including the Chevrolet Impala from the 2004 to 2010 model years. (AP Photo/Matt Rourke, File)
With factories dark, GM profit slumps 88%; 2Q likely worse

By Tom Krisher May. 06, 2020 08:04 AM EDT

FILE - In this Sunday, April 26, 2020, photograph, a long row of unsold 2020 Renegades sits at a Chrysler/Jeep dealership in Englewood, Colo. Edmunds analysts had anticipated more than a million leased vehicles coming back to car dealerships this quarter. But due to countless shelter-in-place orders due to coronavirus concerns, many people will face the question of how to safely handle their vehicle’s lease return or whether they can return their vehicle at all.(AP Photo/David Zalubowski)
Edmunds: How to manage your lease during the pandemic

By Ronald Montoya Of Edmunds May. 06, 2020 06:10 AM EDT