The average new car sold for $47,148 in May. That’s not quite the record high prices hit last December. But it’s close — May saw the second-highest prices on record. The average sale price increased b...
Tag: Car
Carvana, ‘The Amazon of Car Dealers’, Fights its Biggest Battle
The way Ernie Garcia III sees it, the problem is not existential. Garcia, founder and CEO of Carvana (CVNA) – Get Carvana Co. Class A Report, the online used car retailer, gave a run down of hi...
2 Chinese EVs to benefit as car sales in June expected to rise more than 10% YoY
It seems as if the pandemic peak in China has passed and that most workers took full leave in the early innings of the outbreak. Resumption of work and production appears to be coming back slowly. Me...
At Least One Dead, Several Injured After Car Plows Into Crowd In Berlin
Topline At least one person was killed and dozens were injured after a vehicle drove into a crowd of people in Berlin, Germany, on Wednesday morning, police said. Police block the site where a car cra...
Europe Car Sales Forecasts Slashed Again, But Global Supply Improvements Promise Relief
Containe ships, Shanghai getty As European short-term car sales forecasts are slashed again because of China and Russia, investors worry that by the time supply chain horrors have subsided, underlying...
Central African Republic (CAR) Plans to Tokenize Countries Natural Resources
11 hours ago | 2 mins read Bitcoin News The World Bank has granted $35 million in development financing. Some have questioned whether using Bitcoin as legal cash would be beneficial. As part of its am...
Should you get your car insurance through Costco?
Should you get your car insurance through Costco? Proving once and for all you can find everything at Costco, the big-box retailer offers exclusive auto insurance to its loyal members. The company pro...
The cheapest electric car on the market is now the Chevy Bolt — Quartz
Electric cars are expensive—and, for the most part, they’re only getting pricier. With automakers focusing their early electric vehicle (EV) efforts on luxury cars and high-performance SUVs and pickup...
What Parking Is Costing U.S. Cities [Infographic]
What if the bustle of New York City streets—the bumper-to-bumper traffic, legions of yellow cabs and honking delivery trucks squeezing their way through the already dense traffic—would turn into outdo...
Self-driving car companies’ first step to making money isn’t robotaxis
A WeRide robotaxi with health supplies heads to Liwan district on June 4, 2021, in the southern Chinese city of Guangzhou. Southern Metropolis Daily | Visual China Group | Getty Images BEIJING — While...
As Electric Car Basics Come Under Pressure, Hybrid Qualities Demand Recognition
Vauxhall Gandland Vauxhall Just as the corporate scramble to embrace electric cars hits high gear, many of the basic requirements for success like ever falling battery prices are going into reverse, p...
GM’s new concept car to revolutionize the brand for EVs
Buick Wildcat concept Buick DETROIT — General Motors on Wednesday unveiled the Buick Wildcat, a new concept car designed to signal a revolutionary change for the brand, as it moves to offer only elect...
Chinese electric car start-up WM Motor files to go public in Hong Kong
Chinese electric car company WM Motor, or Weltmeister, filed Wednesday to go public in Hong Kong. Pictured here is one of the company’s cars in a shopping mall in Shanghai. Future Publishing | F...
Here’s Why The New Ford Maverick Pickup Is The Best Cheap Car You Can Buy
The new-for-2022 Ford Bronco compact pickup is arguably the best cheap new car for young buyers and … [+] families alike. Ford This is yet another case of, “What the heck took them so long.” Aa ...
Korea’s Car Giant Makes $16.5 Billion EV Push
Euisun Chung, chairman of Hyundai Motor. SeongJoon Cho/Bloomberg Amid growing competition among car makers to position themselves for a low-carbon future, Hyundai Motor Group said it plans to invest a...
Toyota Is Cutting Car Production Again. It’s Bad News for Inflation.
Text size A scene from a Toyoya production line in India. Dhiraj Singh/Bloomberg Global car production has been hampered for months because of a plethora of supply-chain and logistics issues. Investor...
Memorial Day weekend car shopping is ‘looking pretty bleak’
Bloomberg | Bloomberg | Getty Images One of the best car-shopping weekends prepandemic is more of a dud these days. Amid the auto industry’s manufacturing challenges due to persisting supply-cha...
CAR set to launch its crypto hub 1
Central Africa Repulic (CAR) has announced via an official page that it will launch a crypto investment hub in the country. According to the statement, the project has been officially dubbed ‘project ...
With Trackhouse’s PROJECT91, Nascar’s Next Gen Car Is Attracting More International Drivers
AUSTIN, TX – MARCH 27: Owner Justin Marks talks to the media after Ross Chastain (#1 TrackHouse … [+] Racing ONX Homes/iFly Chevrolet) wins the NASCAR Cup Series – EchoPark Automotiv...
Electric Car Revolution Needs Honest Data To Avoid Consumer Backlash
Audi e-tron GT – promises 298 miles, delivers between 205 and 210 miles (Photo by Manfred … [+] Schmid/Getty Images) Getty Images The electric car revolution needs to woo buyers on average...
Muscle Car Giveaway Tweet Deleted By U.S. Road Safety Charity
MADD’s tweet has been deleted. MADD/Dream Giveway tweet Following an uproar on social media, a U.S. road safety campaign group has deleted a tweet promoting a “dream giveaway” of muscle cars. Mo...
How Use Bitcoin To Buy A Home, Car, And More Legally
Advertisement     It is a problem that almost all crypto investors face when they inevitably attempt to use what is referred to as the future of money. The emerging, b...
Global Car Sales To Fall, Spooked By Russian Invasion, China’s Shutdown
Aerial view Vehicle carrier vessel cruising at car park in sea port or manufacture waiting for … [+] shipping export to worldwide. getty Global car sales were supposed to rally this year as manu...
Bitcoin and crypto warning issued post CAR legitimizes Bitcoin
Central Africa’s local financial controller helped member states on Friday to remember its restriction on crypto It is only weeks after the Central African Republic (CAR) made bitcoin legitimate The ...
Taiwan’s No. 2 Chip Maker Teams Up With Car Parts Giant To Make Semiconductors In Japan
A 300mm silicon wafer. Liesa Johannssen-Koppitz/Bloomberg UMC, Taiwan’s No. 2 contract chip maker after TSMC, is pairing up with Toyota-backed car-parts supplier Denso to make semiconductors in Japan ...
Crypto Expert Explains the Fear and Excitement in CAR of Accepting Bitcoin as Legal Tender
The booming of the crypto coins like Bitcoin in different regions and nations is unstoppable. This has recently been observed in the case of the Central African Republic (CAR). Of course, one of the m...
Heavily shorted online used car seller Carvana surges 20%, is halted several times
A Carvana used car “vending machine” on May 11, 2022 in Miami, Florida. Joe Raedle | Getty Images Shares of online used car retailer Carvana surged Thursday amid a wild trading session in ...
These Are The Car Brands Most Likely To Sell For Over, And Under, MSRP
New-vehicle transaction prices are at all time highs, with the majority selling for more than their … [+] MSRPs. getty No question this is a challenging time in which to go car shopping. Factory...
Is XRP payment acceptance by Japan’s leading Used Car Exporter resulting in a boom in Asia?
XRP token of Ripple network has recently seen a massive boom in acceptance across the Asian region after getting accepted by SBI Motor Japan One of the leading Used Car Exporters of Japan, based...
XRP Sees Major Push In Asia As Leading Japanese Used Car Exporter Now Accepts XRP Payments ⋆ ZyCrypto
Advertisement     Tokyo-headquartered Japanese used car exporting firm, SBI Motor Japan, will let customers use digital currencies for payments, including Bitcoin and ...
Japanese Second-Hand Car Export Company SBI Enables BTC and XRP Support
The decision to add XRP to SBI’s payment options comes as no surprise given that the two companies are on a joint venture to promote the use of XRP in Asia. A used car exporting company in Japan has s...