With the Court of Appeals temporarily restoring 25% Tariffs, costs, supply chains, and the policy landscape remain uncertain.
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The acquisition provides the major independent auto auction operation with access to Minnesota’s Twin Cities wholesale vehicle market.
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Montway Auto Transport has announced the addition of Angels Moving Autos, a luxury automotive transport brokerage, strengthening its luxury shipping services.
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April figures show an electric vehicle market facing several challenges that reflect broader economic trends.
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As the effects of the “spring bounce” and initial pull ahead from tariffs diminished, sales decreased in April.
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Data indicates tariffs may raise costs for some vehicle models, but automakers remain uncertain how the added expense could inflate consumer pricing.
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New-vehicle affordability declined in April to the worst level yet this year as the bite of higher prices and lower incentives reversed an improving trend.
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Auctions in April saw spikes in sales of 1–2-year-old vehicles, off-rental vehicles, and consumer trade-ins.
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Ever since President Trump announced auto tariffs 47 days ago, the cost of new cars has been steadily climbing.
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The national vehicle auction chain has installed EV charging stations at several locations and enhanced reconditioning facilities.
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