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...“Four CarStore sites will be retained and re-franchised, expanding our retail operations with three existing carmakers, while seven remaining CarStore pods will become Evans Halshaw Direct sites.”...
...Auto sales, which rose 12 per cent over 2023, are one sign of lower prices supporting demand, though Loo said the auto data had been “volatile”....
...This drives scarcity and increases both its prices and the resale value of its cars, helping the company enjoy the best margins in the auto industry....
...Wingefors is dismantling his empire just weeks after insisting that Embracer’s restructuring had ended with March’s $460mn sale of Gearbox to Take-Two, the US-based games group behind Grand Theft Auto....
...Excluding petrol and autos, sales were up 0.6 per cent. October’s sales figure was revised to a decrease of 0.2 per cent from a fall of 0.1 per cent....
...Carvana remains the most shorted stock in the automotive retail sector, with a third of its share float borrowed and sold. But bets against Garcia’s moves have proved painful....
...In today’s newsletter: The PE exit logjam hits $3tn CVC’s big retail bet in Germany Geely faces another IPO test Private equity’s clogged IPO pipeline Let’s say you are a private equity investor and...
...sales report showing a 0.4 per cent increase in headline retail sales and a 0.7 per cent rise in the so-called core control group, which ignores spending on autos, gas, building materials and in restaurants.Even...
...The retail control group, which excludes building materials, motor vehicle parts and petrol station sales, was up 0.2 per cent, matching economists’ expectations....
...Among the bigger companies are Copart and Insurance Auto Auctions, which auction off junked cars; LKQ, which sells salvaged parts to repair shops and retail customers; and Boyd Group Services, which buys...
...While it has a credit card loan book of $137bn, it also has issued a significant volume of auto and commercial loans....
...In the wake of the probe, authorities have turned a closer eye on Singapore’s most affluent residents, visiting auto dealerships and real estate groups and warning in October that luxury assets including...
...Excluding the more volatile autos sector, retail sales for December are expected to have increased 0.2 per cent month over month, also unchanged from November....
...The Big Read Earlier this week, Knight Insurance Group, one of a handful of companies owned by Los Angeles-based subprime auto loan billionaire Don Hankey, put up the $175mn bond for Donald Trump....
...Earnings are also due from 3i Group, ArcelorMittal, Auto Trader, B&M European Value Retail, Flutter Entertainment, Leonardo, National Grid, Pirelli, Tate & Lyle, Telefónica, Veolia, WHSmith and Wizz Air....
...Retail sales: Economists expect US retail sales to have increased by 0.2 per cent in August, moderating from the 0.7 per cent jump in July....
...His Retail, Wholesale and Department Store Union is running campaigns to organise outdoors retailer REI, bookseller Barnes & Noble and Amazon....
...The auto industry is particularly vulnerable because of its “just in time” manufacturing processes, without large stockpiles....
...Some of the biggest names in retail will gather today for the FT’s Future of Retail summit. Join the chief executives of Harvey Nichols and luxury goods group Tapestry....
...“I think it won’t be rubber stamping [Elon’s wishes] any more,” said Philippe Houchois, auto analyst at Jefferies....
...Alpha Auto founder Kuldeep Billan said: “With the UK auto retail market undergoing substantial change, including the adoption of new distribution models, we believe that the wider group is well positioned...
...“Anything in Europe touching the consumer that’s auto-related is very very cheap”, Goetz said....
...But you can pick apart any data release that you want, whether it is non-farm payrolls or inflation or retail sales or something like auto loans and household debt and all that stuff....
...Also we go long Jay Powell and long auto workers....
...Amazon and Nvidia are less secure but still enjoy deep competitive moats in their niches (retail platform data and logistics and class-of-their-own AI chips)....
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