Jonathan Chariff News Today

FORT LAUDERDALE, Fla.--(BUSINESS WIRE)-- The previous owners of South Motors and Vista Motors will retain Midway Ford and a portfolio of investments in various industries. South Motors consists of South Motors BMW, South Motors MINI, South Motors Honda, South Motors Infiniti, South Motors VW and a collision center. Vista Motors consists of Vista BMW of

Buyers are shaking off high prices, interest rates, and auto strikes.

Undeterred by high prices, rising interest rates, autoworker strikes and a computer-chip shortage that slowed assembly lines, American consumers still bought 15.6 million new vehicles last year, 12% more than in 2022, the biggest increase in more than a decade. “You see the consumer making a concerted effort to ensure that they're getting the best price possible,” said Jonathan Chariff, CEO of South Automotive Group, a 10-dealership group in the Miami area. Average auto sales prices pea...

American consumers bought 15.6 million new vehicles last year

Average auto sales prices peaked in December of 2022 just over $47,300, with vehicles in short supply because of the global chip shortage that limited production.

Sales still haven’t returned to the 17 million new cars per year rate seen before the pandemic.

Undeterred by high prices, rising interest rates, autoworker strikes and a computer-chip shortage that slowed assembly lines, American consumers still bought...

DETROIT — Undeterred by high prices, rising interest rates, autoworker strikes and a computer-chip shortage that slowed assembly lines, American consumers still bought 15.6 million new vehicles last year, 12% more than in 2022, the biggest increase in more than a decade. Yet sales still haven’t returned to the 17

Positive Encouraging K-LOVE

DETROIT — Undeterred by high prices, rising interest rates, autoworker strikes and a computer-chip shortage that slowed assembly lines, American consumers still bought 15.6 million new vehicles last year, 12%