There’s a company in Europe making a bold claim: a new EV battery that recharges in about a minute. With past claims of fast-charging batteries, some successful and some not, this innovation could revolutionize the electric vehicle industry. Overcoming charging hurdlesOne of the primary reasons people resist buying electric vehicles is the lengthy charging time. […]
For many years, Tesla and Prius dominated electric vehicles. They were the go-to names associated with EVs. However, as the electric vehicle market matures, every major manufacturer has joined the fray, with Ford, Volvo, and Chrysler among those offering their own electric vehicles. Shifting brand loyaltyTraditionally, consumers showed strong brand loyalty, often sticking to one […]
Everyone recognizes the dire need for homes, especially in areas like Los Angeles, where a housing shortage has reached critical levels. The city stands as a stark example of this crisis, grappling with homelessness and skyrocketing housing prices. Despite a slowdown in real estate transactions, prices continue to surge due to unbalanced supply and demand. […]
So, you’re seeing more availability in the new car market, and some vehicles at dealerships might not be marked up over the MSRP. However, while these deals appear enticing, according to Jalopnik, they might not be as good as they seem. Scrutinizing advertised dealsMany deals advertised under MSRP might be too good to be true. […]
The shift in the used car market, especially from the end of 2022 to the beginning of 2023, presents a surplus of inventory and plummeting book values. However, this shift creates opportunities for both dealerships and consumers, according to insights from Auto Marketing Variable Management. Understanding Distressed InventoryDistressed inventory in dealerships refers to vehicles that […]
Before diving into the Vermont loophole to secure a vehicle title, consider the complications of transferring that registration to your home state. Vermont provides a registration, not a title, with your name and address, which might pose issues when trying to obtain a title in your state. While it often works, some agents or offices […]
New car leasing used to be an attractive method employed by dealers and manufacturers to foster brand loyalty. At the lease end, drivers often returned to the same dealer or a similar one, exploring another vehicle. Additionally, this approach discreetly integrated discounts into the price, unlike upfront rebates that might signal lower desirability. Challenges with […]
Yes, Ford’s F-series trucks continue to dominate sales, boasting the broadest range compared to competitors like Ram and the split Chevy and GMC Silverado models. Despite this, challenges loom, particularly in the realm of electric and hybrid trucks. Rivian, Tesla’s truck, and Ford’s Lightning are just a few in a wave of electric trucks potentially […]
Fortune Magazine recently highlighted a staggering issue: a subprime auto lender’s collapse. Their customers face a dire challenge: obtaining their car titles after the dealership shuts down. This situation arises from buy-here-pay-here deals where buyers paid the dealer directly, yet the dealer’s closure before the final title handover leaves countless buyers in the lurch. The […]
Up until now, electric vehicles (EVs) held a smaller share in the used car market. However, as new electric vehicle sales have exceeded 10% of total new car sales, a noticeable shift is occurring: used EVs are gaining traction. Factors contributing to this surge include declining prices, increased availability, and a growing volume of used […]