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...The mise-en-scène of the current show are the forecourts and back offices of Bigmotor — Japan’s largest chain of combination used car dealerships and repair shops....
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...It improved the company’s balance sheet and freed up capital, some of which GM used to accelerate stock buybacks as it attempted to raise its share price....
...Relationships between dealership owners and car manufacturers are crucial when selling new vehicles but matter far less with used car businesses....
...Aspen’s 7,000 full-time residents are used to seeing their picturesque home inundated with about 1.4mn visitors every ski season, many of them America’s super-rich seeking sanctuary in this gilded outpost...
...That’s because Manheim is a wholesale auctioneer, meaning it sells to car dealers, and it’ll take some time for dealerships to adjust their rents consumer used-car prices lower....
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...Since the 1980s, private equity firms have used billions of dollars of borrowed money to rewrite the rules of American industry....
...Demand boomed — and in 2021 Abelson, 33, launched Graal, a bespoke watch dealership in New York....
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...you basically see are asphalt or used cars.”...
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