Used Cars
Ackman is wagering that Hertz can get past a bad bet on Tesla EVs and capitalize on a potential rise in used-car prices stemming from President Donald Trump’s tariff on U.S. auto imports.
The plaintiff alleged Tesla odometer readings reflect energy consumption, driver behavior and “predictive algorithms” rather than actual mileage driven.
Hertz Global Holdings Inc. shares soared after Pershing Square Capital Management revealed a large stake in the beleaguered car rental company.
Retail technology companies are trying to help their dealership customers handle the impact of tariffs.
Despite the surge in net income, shares of the Richmond, Va.-based company fell 9.2 percent in premarket trading, as of 8:19 a.m. EDT.
The used-vehicle seller's 110,000 square-foot reconditioning shop in Mississauga will supercharge its capacity to prep vehicles for resale.
Lithia Motors Inc. plans to focus on used-vehicle sales after the group’s volume declined in 2024.
New-car dealership Chapman Automotive Group sued a used-only dealership, accusing them of wrongfully registering a name similar to theirs.
Consumers are likely to trade down to used cars or even delay major vehicle purchases as they grapple with uncertainty and higher prices, experts say.
Tariffs could drive a demand shift to used vehicles. Carvana is trying to build a business that can operate in 'any environment,' its CFO said.
