Day: July 17, 2021

Car dealerships have turned ‘cutthroat’ amid a buying frenzy and dwindling car inventories

Car Dealership
  • The frenzied car market is pitting car salespeople against one another, Bloomberg reported.

  • New and used car prices have skyrocketed during the pandemic amid a shortage of vehicles.

  • Some dealers are even shelling out to buy leased vehicles years before the end of their term.

  • See more stories on Insider’s business page.

The pandemic has upended the market for new and used cars, sending prices skyrocketing and inventories dwindling.

A buying frenzy – coupled with soaring prices and a historically low supply of vehicles – has turned car salespeople into enemies, one dealership employee told Bloomberg.

“It’s really cutthroat,” Jared Luner, a salesman at Columbia Honda in Missouri, told the outlet. “Normally we’re all friends and coworkers, but right now, when someone pulls up, it’s a little edgy.”

Luner said he recently had a fellow salesperson sell a vehicle out from under him. Hawking cars was always a

Read More

Looking for an Electric GT40? Everrati Is Working On It

Photo credit: Everrati

Photo credit: Everrati

  • Everrati, which converts Porsche 964 911s to electric power, is now taking on Ford GT40 conversions in partnership with Superformance.

  • The young UK-based Everrati also converts, reengineers, and reimagines Land Rover Discovery IIAs and Mercedes-Benz 280 SL Pagodas.

  • Superformance, best known for its Cobra replicas, specializes in constructing rolling chassis of 1960s race and performance cars.

A few weeks ago we told you about a company in the UK converting 911s to electric power. Now Everrati has expanded to do the iconic Ford GT40 as well. Partnering with Superformance, Everrati will take a “continuation component sports car” and make it run on electricity. The strategic partnership with Superformance increases Everrati’s lineup, which had previously included the 964 911, Land Rover Series IIa, and Mercedes SL Pagoda.

“Everrati and Superformance have a mission to future-proof automotive icons, and the GT40 will add to Everrati’s impressive

Read More