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Global Used Car Market Report 2021

Global Used Car Market Report 2021 News provided by Share this article Share this article The Global Used Car Market was valued at USD 871.25 Billion in the year 2020.  The used car market is a huge but untapped market opportunity in most of the countries. A highly fragmented market, the used car market could be beneficial for major dealers across countries to consolidate their position and also to leverage the online sales channel which is highly under-penetrated. However, Covid-19 pandemic has significantly affected the used car market with automotive dealers mostly clearing their inventories than purchasing old cars as consumers spending power has been massively affected because of recurrent lockdowns and hampering of economic activities.

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Sonic Automotive, Inc

Share this article Share this article NEW YORK, May 11, 2021 /PRNewswire/  Pomerantz LLP is investigating claims on behalf of investors of Sonic Automotive, Inc. ( Sonic or the Company ) (NYSE: SAH).  Such investors are advised to contact Robert S. Willoughby at  [email protected] or 888-476-6529, ext. 7980. The investigation concerns whether Sonic and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.  On October 7, 2020, news sources reported that the Company s Chief Executive Officer ( CEO ), David Bruton Smith, had been arrested and charged with felony assault by strangulation and misdemeanor charges of false imprisonment, assault on a female, and interfering with emergency communication.  Shortly thereafter, the Company s Board of Directors issued a statement affirming that the Company remains steadfast in its support of [its] CEO.  

CEO Pay in Pandemic: Heads I Win, Tails I Win Almost as Much

May 05 2021, 10:11 PM May 05 2021, 4:30 PM May 05 2021, 10:11 PM (Bloomberg) Norwegian Cruise Line called 2020 its “most challenging year.” The company lost $4 billion, a half decade’s worth of profit. Shares dropped 56%. Thousands of crew members lost their livelihoods. (Bloomberg) Norwegian Cruise Line called 2020 its “most challenging year.” The company lost $4 billion, a half decade’s worth of profit. Shares dropped 56%. Thousands of crew members lost their livelihoods. But Frank Del Rio, its chief executive officer, did just great. He collected his biggest-ever pay package: $36.4 million. How? Corporate boards cut Del Rio and scores of other CEOs extraordinary slack for miserable results in the pandemic, securities filings show. Otherwise, their pay would have plunged because it is tied to metrics such as sales, profit and stock prices.

CEO Pandemic Pay: Heads I Win, Tails I Win Almost as Much

CEO Pandemic Pay: ‘Heads I Win, Tails I Win Almost as Much’ Bloomberg 4 hrs ago Anders Melin (Bloomberg) Norwegian Cruise Line called 2020 its “most challenging year.” The company lost $4 billion, a half decade’s worth of profit. Shares dropped 56%. Thousands of crew members lost their livelihoods. But Frank Del Rio, its chief executive officer, did just great. He collected his biggest-ever pay package: $36.4 million. How? Corporate boards cut Del Rio and scores of other CEOs extraordinary slack for miserable results in the pandemic, securities filings show. Otherwise, their pay would have plunged because it is tied to metrics such as sales, profit and stock prices.

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