Cars are such a deal right now that you might feel you are stealing when you buy one. Dealers have no customers, regardless of the price point, brand, style or size. Americans are afraid to buy because of the scary headlines and the times we are in right now.
Remember those slow-but-steady stock funds that frustrated you last year - the ones you thought about getting rid of because they were lagging when the market was up?
With auto stocks beaten down, prominent investors looking for bargains have been on the prowl. Kirk Kerkorian bought nearly 10% of General Motors's shares last year, which he subsequently sold, and Cerberus Capital Management, the private equity group, took majority control of Chrysler earlier this year.
Used car retailer CarMax on Wednesday lowered earnings and same-store sales guidance for fiscal 2008, due to weaker-than-expected sales in the first half of the year and an industrywide slowdown.
A small team of Circuit City execs met in 1991 to formulate a plan for a top-secret new business, code-named Project X. For nearly a year, the group worked clandestinely, finally pitching a propo...
Cars are such a deal right now that you might feel you are stealing when you buy one. Dealers have no customers, regardless of the price point, brand, style or size. Americans are afraid to buy because of the scary headlines and the times we are in right now.
Remember those slow-but-steady stock funds that frustrated you last year - the ones you thought about getting rid of because they were lagging when the market was up?
With auto stocks beaten down, prominent investors looking for bargains have been on the prowl. Kirk Kerkorian bought nearly 10% of General Motors's shares last year, which he subsequently sold, and Cerberus Capital Management, the private equity group, took majority control of Chrysler earlier this year.
Used car retailer CarMax on Wednesday lowered earnings and same-store sales guidance for fiscal 2008, due to weaker-than-expected sales in the first half of the year and an industrywide slowdown.
A small team of Circuit City execs met in 1991 to formulate a plan for a top-secret new business, code-named Project X. For nearly a year, the group worked clandestinely, finally pitching a propo...
Like a coach before a big game, I always exhort readers of this column to do price research and negotiate hard for the best deal on a new car. Doing just that has saved many a consumer thousands of...
It seems the perfect antidote to the often painful process of buying a car. "Welcome to John Elway AutoNation," says the smiling man at the door of the Ford dealership in Denver. "How may we help y...
Say you run Microsoft. Your stock is no slouch (you know because it's made you the world's richest guy). Your core software operation reaps hefty profits. As for the Internet, well, your Web busine...
The recent news that Korean automaker Daewoo will sell cars directly to consumers for a fixed price over the Internet this year is just the latest evidence that no-haggle car buying is catching on....
After four years of acceleration, used-car prices are sputtering, because of slackening demand and a glut of vehicles returning to dealers from expiring leases. That gives clever automobile shopper...
IF BUYING a new car gives you about as much pleasure as scheduling a root canal, take heart. Computer technology, modern merchandising, and old-fashioned entrepreneurial spirit are about to put tra...
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