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3 Stocks to Buy as Used Car Prices Continue to Soar

Used car prices are expected to continue climbing in the near term as the global semiconductor chip shortage persists and demand for private vehicles rises amid the resurgence of COVID-19 cases. So, we think it could be wise to bet now on quality used car retail stocks AutoNation (AN), Group 1 Automotive (GPI), and Sonic Automotive (SAH). Read on.

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The demand for private vehicles is rising as the COVID-19 omicron variant cases surge. This, together with the ongoing semiconductor shortage and supply chain constraints that have been hampering the production of new vehicles, are causing used car prices to rise.

Referring to the Manheim index of used car prices, market researcher Jim Bianco said on Dec. 26, “In the last four months, they’ve gone up in price more than 20%. Not only is that more than the S&P, but over the last four months that’s more

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10 Electric Car Stocks to Buy for 2022

In this article, we discuss the 10 electric car stocks to buy for 2022. If you want to skip our detailed analysis of these stocks, go directly to the 5 Electric Car Stocks to Buy for 2022.

In 2021, electric vehicle sales surged in China and Europe, with the countries reporting 1.2 million and 1.4 million bookings of EV units, respectively, despite the COVID-19 pressures, representing a change in consumer attitudes towards electrification. To meet the surging demand, many traditional automakers like General Motors Company (NYSE:GM) and Ford Motor Company (NYSE:F) have also invested heavily to deliver new electrified models, from research and development to factory redesign.

By the end of 2021, EV sales worldwide are expected to reach 5 million units, which represents a 66% growth as compared to 2020, with major markets being China, Europe, and the US. By 2030, 48% of all automobile sales

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Which Car Dealership Stock is a Better Buy? By StockNews


© Reuters. Vroom vs. AutoNation: Which Car Dealership Stock is a Better Buy?

Because the resurgence of COVID-19 cases is again benefitting automobile sales as people purchase cars to avoid public transport, the car dealership industry is well-positioned to witness sales growth. And we think AutoNation (NYSE:) and Vroom (VRM) should benefit from this. But which of these two stocks is a better buy now? Read more to find out.AutoNation, Inc. (AN) in Fort Lauderdale, Fla., operates as an automotive retailer in the United States through its subsidiaries. The company operates through three segments: Domestic, Import, and Premium Luxury. In comparison, Vroom, Inc. (VRM) in New York City operates an e-commerce platform to buy and sell new and used cars. It also offers financing solutions.

As governments worldwide reinstate lockdown and social distancing measures to limit the spread of the highly transmissible COVID-19 omicron variant, people are again starting to

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Please, Buy This Unforgettable 1982 Trans-Am Mercedes SL

Photo credit: Mecum Auctions

Photo credit: Mecum Auctions

Like so much of the automotive world, Trans-Am was not quite what it once was by the early 80s. The rise of IMSA GT made what was once the racing home of America’s greatest performance road cars into a secondary player in the sports car racing market in one short decade. It meant the series was not quite as prestigious as it once was, but it also meant there was room on the grid for tube-framed oddities built by small teams in the image of strange cars that were never designed to race. This 450 SL, built in the shape of an R107-generation 500 SL, was one of the most unique.

Photo credit: Mecum Auctions

Photo credit: Mecum Auctions

The R107 was never designed to race, and, thanks to the steel tube construction of this particular car, never really raced in Trans-Am, either. Instead, a purpose-built chassis was designed from

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