Smart

Here’s a buying opportunity for smart used-car shoppers

Americans bought more than 225,000 Certified Pre-Owned (CPO) cars in September. That’s a 2% increase from August and a 1% increase compared to September of last year.

Selling too fast for certification

But the slight increase masks a startling phenomenon. CPO sales could have been much higher, except that dealers may be selling used cars too fast to pass them through the certification process. That creates a unique buying opportunity for smart shoppers (more on that in a moment).

Kevin Chartier, vice president at Manheim Consulting, explains, “In today’s market, everything is selling so quickly and at such high prices, that I think that in many cases the dealers are selling cars before they get a chance to pull them into their shops to spend the time to recondition them up to full CPO standards.”

(Manheim Consulting and Kelley Blue Book share the same parent company, Cox Automotive.)

Also see:

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Used smart for Sale in Monroe, LA

JR Rodriguez: Service Advisor Walter’s Automotive

by Craig N. from Riverside, Ca

November 6, 2018

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Hello, my name is Craig N. from Riverside, Ca.

Over the years, I have bought many cars, and trucks from various dealerships only to dread having to use/rely on their service departments. The reasons are many: poor customer service, incompetent and rude service members, always feeling rushed through the process, having only some of what I mentioned being addressed, being over charged for the repairs, being charged for unneeded repairs…etc…etc.
Well, I have some good news- I finally discovered a dealership service department that is both fair and reliable, and doesn’t practice such poor business tactics.

I bought a used 2013 Smart Car for my son about one year ago. The car began to have problems shifting so I gave, “Walter’s Automotive Group” of Riverside a call.

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Baidu-Geely Joint Venture Aims $7.7B Investment In Smart Car

Bloomberg

A $6 Trillion Family Office World Fights Post-Archegos Crackdown

(Bloomberg) — The implosion of Archegos is giving thousands of secretive family offices the greatest challenge to their privacy in a decade. They won’t give it up without a fight.Some lawmakers, regulators and consumer advocates are pushing to expose the inner workings of family offices, which are closely held and lightly regulated yet manage an estimated $6 trillion for the ultra-rich globally.The changes the reform advocates seek would require U.S. family offices to register as investment advisers and publicly report holdings on a quarterly basis, as most other types of investment firms must.Such data could alert regulators, investors and other Wall Street players to hidden risks, yet it could also reveal proprietary information to rivals.Those advocating greater regulation are optimistic that new Securities and Exchange Commission Chair Gary Gensler, who has a tough-on-Wall-Street reputation, will see things their way. “The

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Chinese and other tech giants bet on smart car revolution

The electric car sector is becoming increasingly crowded as more tech companies jump on the bandwagon, pushing a radical shake-up of the 138-year-old global auto industry.

Chinese smartphone giant Xiaomi is the latest newcomer in the electric vehicle, race with a plan to invest $10 billion over the next decade. At a March event unveiling the company’s plans, billionaire founder and CEO Lei Jun called the new initiative “the most significant decision in Xiaomi’s history” and said it will require “full efforts for at least five to 10 years.”

Rumors of Xiaomi’s push into carmaking have been around for a while as the world’s third-largest smartphone manufacturer faces growing pressure to find a new source of growth outside the saturated phone market. The initiative reinforces a trend among tech companies to bet on a revolutionary transition to electric vehicles that are increasingly autonomous and connected.

Shortly before Xiaomi’s announcement, Chinese

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