Lots

Twin Cities car market battles empty lots, high prices, waits

Jim Palusky wasn’t planning on shopping for a car this fall, but then he got an offer he couldn’t refuse.

Walser Toyota in Bloomington said it would buy his 2019 Tacoma pickup for just $1,500 less than he paid for it, even though he’d driven it more than 30,000 miles in a year and a half.

“I couldn’t believe it was for real,” said Palusky, a retiree from Maple Lake who makes frequent trips to Duluth. “Everybody I talked to said I was crazy not to trade up.”

While other segments of the economy are still trying to recover from the pandemic, the auto market is reaching new heights. With manufacturers unable to ship enough new vehicles due to parts shortages, prices for new and used vehicles are skyrocketing. Some customers making trades are even getting more than they originally paid.

Walser Toyota is one of those dealerships scrambling for

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Car Buyers to Find Sparse Lots This Labor Day Weekend – What’s News

This transcript was prepared by a transcription service. This version may not be in its final form and may be updated.

Marc Stewart: Walmart raises its minimum wage. Plus, more automakers cut production amid the global chip shortage and how that’s making it even harder to buy a car.

Nora Naughton: If you find a car that works for you, you should really walk away with it in that moment.

Marc Stewart: And why some Millennials are taking a break from work. It’s Friday, September 3rd, I’m Marc Stewart with the Wall Street Journal. Here’s the A.M. edition of What’s News, the top headlines in business stories moving your world today.
We begin in Japan, where prime minister Yoshihide Suga said he won’t seek re-election as ruling party leader later this month, effectively ending his term after just a year in office. Suga’s decision to step down may bring

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Car shopping isn’t likely to get easier, as chip shortages deplete auto dealers’ lots

For the next few months, Charlie Gilchrist figures his 11 car dealerships in Dallas-Fort Worth will sell just about every new vehicle they can get from the factories — and at increased prices.

In normal times, that would be cause for joy. Not so much now.

A global shortage of computer chips has forced automakers to slash production. The result has been far fewer vehicles on dealer lots, just as the waning pandemic has fueled pent-up consumer demand for cars, trucks and SUVs.

With shrunken supply and robust demand, dealers like Gilchrist could sell many more cars and trucks, if only they had more. Even at elevated prices — the average new-vehicle sales price tops $40,000, up nearly 10% in two years — customer demand exceeds supply.

“It’s pretty evident when you pull onto our lots that there’s not much selection,” said Gilchrist, whose lots carry brands ranging from General

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Avis Budget Group, Century Aluminum Company, Diebold Nixdorf, Asbury Automotive Group and Big Lots

For Immediate Release

Chicago, IL – July 16, 2020 – Stocks in this week’s article are Avis Budget Group CAR, Century Aluminum Company CENX, Diebold Nixdorf DBD, Asbury Automotive Group ABG and Big Lots BIG.

5 Stocks Looking Promising on New Broker Upgrades

At the time of designing their portfolio of stocks, investors solely aim at raking in the bucks, irrespective of the surrounding conditions. However, the task seems onerous as picking the perfect bets from a plenty of options in the market is never easy. Choice of improper stocks can adversely impact his/her returns, thereby ruining the very objective of investing the hard-earned money in the highly unpredictable stock market.

Brokers to the Rescue

To combat the above uncertainty, investors more often than not rely on the guidance provided by brokers who are deemed experts equipped with thorough knowledge on the field. Brokers, irrespective of their types (sell-side,

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