Retail

Retail sales of new passenger vehicles fell 12 percent in the first 21 days of April from a year earlier, the China Automobile Dealers Association said.

Inventory help, being supportive are best ways to mentor young parts managers, said Scott Rutherford of Mike Maroone Chevrolet North and Mike Maroone Volkswagen in Colorado Springs, Colo., on "The Parts Girl Podcast."

Xpeng's exports could grow to around 10 percent of its sales this year from about 1 to 2 percent last year as the automaker pushes into new markets including France, Italy and the U.K.

The company said $7 million in pretax charges contributed to a 12 percent dip in first-quarter net income.

Group 1's net income fell, while revenue and new- and used-vehicle sales grew.

When a search to secure more capital was unsuccessful, Vroom's senior leadership called it: The company would stop buying and selling used vehicles online as soon as possible.