On a bright spring afternoon, I meet a man at a red-brick shop on Washington’s South Side, and he’s explaining to me what it’s like to be a car dealer.I don’t know who he is, or where he is from, or even what he sells.But he says he’s selling new cars, mostly to Asian-Americans.In fact, he’s also selling the kind […]
Cars in China, Russia, the United States and the rest of the world are sold by hundreds of thousands of dealerships.Many of these dealerships operate as brokers, but others are sole sellers and operate entirely as sales agents, and have little to no customer support.In China, for example, most of the vehicles sold in the country are owned by two […]
Tesla shares plunged on Friday after the electric carmaker reported a smaller-than-expected quarter, raising questions about its future.The company said it expected to sell just more than 500,000 vehicles in the second quarter, less than half the total for the first half of the year.It also reported that sales of its Model X crossover, which it has been testing for […]