sell

DC Based Car Buying Service, inride, Finds Huge Success Helping Area Car Owners Sell For Top Dollar

Published: Oct. 12, 2021 at 3:40 PM CDT|Updated: 8 hours ago

SILVER SPRING, Md., Oct. 12, 2021 /PRNewswire/ — In April 2021, DC based Automotive Executive Alex Perdikis saw no end in sight to the vehicle shortages affecting the automotive marketplace and took matters into his own hands, repurposing his subscription company, inride, into a premiere vehicle buying service. inride guarantees area car owners the best offer available for used vehicles of any type.  Whether the vehicle is owned, leased, or carries outstanding payments, owners are walking away with thousands in profit. Used vehicle offers from Perdikis and his team are so strong, vehicle owners have driven hundreds of miles to sell their used vehicles to inride.

Founder of inride, Alex Perdikis, states: “In our area, the demand for vehicles of all types including luxury and commercial models continues to rise. Individual and commercial

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Prime Automotive reportedly looking to sell all dealerships in Maine

Prime Automotive Group is looking to sell its 31 dealerships, including the seven it owns in Maine, trade publication Automotive News is reporting.

Toyota and Volkswagen have threatened to revoke their respective franchise agreements with two Prime Motor Group dealerships in Saco because of alleged breaches of contract. Ben McCanna/Staff Photographer, file

The Massachusetts-based company has been swirling in controversy for years, capped in February when the head of its parent firm, GPB Capital Holdings, was arrested and charged with fraud.

Automotive News said another dealer in the Northeast submitted a bid for some of the dealerships two months ago, but was rebuffed and told that Prime Automotive was only interested in selling all of its dealerships in a single transaction.

A spokeswoman for Prime Automotive Group declined to comment on the report Friday but did not refute its findings. The company’s Maine holdings include Prime Toyota, Prime Volkswagen,

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15 Leased SUVs, Sedans, and Hatchbacks to Sell for a Profit

  • The pandemic has driven used-car prices sky-high. 
  • Owners can cash in by buying their car at the end of a lease and flipping it on the used market. 
  • The models most ripe for profit include the Kia Forte and Jeep Compass, an iSeeCars study found.
  • See more stories on Insider’s business page.

It’s not just dealerships that are profiting from today’s insatiable appetite for used cars. Amid an unprecedented shortage of vehicles on dealer lots, sky-high prices, and a buying frenzy, car owners can cash in big too. 

Pocketing thousands of dollars can be especially simple for people whose leases are expiring. At the beginning of a lease, a bank, leasing company, or an automaker’s financing arm sets the residual value of the vehicle: the agreed-upon price that a customer can buy the car for at the end of a lease term, often three years. 

Today, used-car values

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Win on Sunday, sell on Monday still a goal for automakers

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FILE – General Motors Director of Marketing for Chevrolet cars and crossovers Tony Johnson addresses the media during a press conference for the 2022 Corvette Stingray IMSA GTLM Championship Edition vehicle, foreground, in Detroit, in this Wednesday, June 9, 2021, file photo. Despite the challenges, the top auto manufacturers still see motorsports as an effective marketing tool for their cars. (AP Photo/Jose Juarez, File)

AP

Rick Hendrick erased any doubt that marketing in motorsports is still effective when his automotive sales group bought the sponsorship rights through 2023 for NASCAR title contender Kyle Larson.

With few companies willing to back Larson upon his return from a nearly yearlong suspension for using a racial slur, Hendrick put the website for his dealerships on the hood of Larson’s car. Larson started winning races, which company officials say drove traffic to HendrickCars.com that netted $1.8 million in leads and

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