Toronto, Ontario — American dealership chain AutoNation adds a mobile repair chain to its portfolio and a China-based EV maker sees a stellar reaction to its recent delivery numbers in the first Tuesday Ticker of 2023.
AutoNation everywhere
AutoNation has announced its acquisition of mobile repair service RepairSmith, with the deal set to close during Q1 2023.
AutoNation has been focused on growth since car sales shifted largely online during the pandemic. Earlier this year it bought CIG Financial for US$85 million to set up a finance arm; in November, it acquired a 6.1 percent stake in car-shopping website TrueCar to enhance its digital capabilities.
Shares of AutoNation closed at 107.3 per share on Dec. 30, 2022.
Lift for Li-Auto
Li Auto Inc. announced Dec. 30 that it delivered more than 20,000 electric vehicles in December–33 percent higher than its Nov. 2022 delivery numbers.
At a media event in Guangzhou, China, on Friday, Li Auto said “December deliveries will exceed 20,000 vehicles.”
Such results would mark a 42 percent increase from the 14,087 EVs delivered in December 2021, and up from November 2022’s monthly record of 15,034 EVs delivered.
Li Auto shares were up 4.67 percent on Friday, from the previous day’s close. Meanwhile, shares of rival EV maker Nio dipped more than two percent.
