© Reuters. 4 Auto Parts Stocks to Buy as New Car Sales Dwindle
As the new car market remains under pressure, the auto parts industry is benefiting handsomely from the growing demand for used cars. And because the aftermarket auto parts industry is expected to continue growing amid dwindling new car sales, we think O’Reilly Automotive (NASDAQ:), LKQ Corporation (NASDAQ:), Autoliv (NYSE:), and Dana (DAN) could be ideal bets now. Read on.The sales of new cars have declined as a function of a global semiconductor chip shortage that has hamstrung automobile production. However, the demand for used cars has increased significantly since last year, as people have taken steps to avoid public transportation due to fear of catching COVID-19 . This has caused used car prices to spike. According to the Manheim Used Vehicle Value Index, used car prices are up 18.8% from this time last year.
This bodes well
GRAND JUNCTION, Colo. (KKCO) – On Thursday, a woman claimed her free car that she won from Antonelli’s Advanced Automotive giveaway.
During the giveaway contest, people will write 150 words or less that explain why a particular person deserves or needs a vehicle.
The woman who won the car is a mom raising three kids, is a nurse and works in-home health care. She received her keys for her Chevrolet Classic at noon.
The company had all services done to the car, and she got complimentary oil changes for two years.
“You know we help people by fixing their cars but this is a little different where you can actually make a difference in somebody’s life, really change their direction. Or like I mentioned before where you can give them a gift that really gives to ten or fifteen people that they’re helping. You can help them, help those people
NAMBÉ, N.M. – Carmaker Tesla has opened a store and repair shop on Native American land for the first time, marking a new approach to its yearslong fight to sell cars directly to consumers and cut car dealerships out of the process.
The white-walled, silver-lettered Tesla store, which opened last week, sits in Nambé Pueblo, north of Santa Fe, on tribal land that’s not subject to state laws.
The electric car company can only sell and service its vehicles freely in about a dozen states, while it faces restrictions in others. Some, like New Mexico, ban Tesla from offering sales or repairs without going through a dealership. In January, the company struck a deal with Michigan to resolve a 2016 lawsuit, a symbolic victory that allowed it to sell in the backyard of the nation’s largest carmakers.
Supporters of Tesla say the shop in New Mexico marks the first time