In a move that has raised eyebrows in the automotive industry, the Federal Trade Commission (FTC) has issued a directive to car dealerships, instructing them to report any suspicious activities or price-fixing schemes by their competitors. The unprecedented call to action has sparked concerns about the potential for dealers to engage in anticompetitive behavior, and has left many wondering what implications this may have for consumers. Meanwhile, the used car market continues to evolve, with Carvana expanding its presence by purchasing its seventh dealership in recent months. Elsewhere, Nissan is gearing up to launch its all-new Xterra SUV, which is expected to be priced competitively at under $40,000 when it hits the market. And in the world of electric vehicles, Sony Honda Mobility is reportedly making progress on its highly anticipated EV, but details remain scarce.
FTC calls on dealers to report their competitors; Carvana buys seventh dealership; Nissan’s Xterra SUV targets sub-$40,000 price; Sony Honda Mobility update ...
