Is That New Car Smell Worth $14,000?
The average transaction price for a new vehicle last month was $37,401, down slightly from the July average, but up 2% year over year. Perhaps that's one reason that franchise ...Read Full Story »
Autos
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These Are the Cars Americans Keep the Longest
The average age of a light-duty vehicle (passenger car, pickup truck or sport utility vehicle) currently traveling U.S. roads and highways is 11.8 years. Research firm IHS Markit estimates that ...Read Full Story »
Global Electric Vehicle Sales Up 46% in First Half of 2019
Worldwide sales of plug-in electric vehicles (PEVs), including both battery-electric (BEV) and plug-in hybrid (PHEV), totaled 1.13 million in the first half of 2019, an increase of 46% compared to ...Read Full Story »
Will UAW Strike Against GM End Sooner Rather Than Later?
At one minute before midnight Sunday, nearly 50,000 members of the United Auto Workers (UAW) union went on strike against General Motors Co. (NYSE: GM), the first time in a ...Read Full Story »
Brake Defect Forces GM Recall of 3.5 Million SUVs and Trucks
General Motors Co. (NYSE: GM) notified the U.S. National Highway Traffic Safety Administration (NHTSA) on Tuesday that it will recall 3.456 million vehicles to fix a defective vacuum pump in ...Read Full Story »
Close to Half of Americans Believe Electric Vehicles Need Gasoline in Order to Run
H.L. Mencken is credited with observing that no one ever went broke underestimating the intelligence of the American public. He didn't use those very words, but the gist of what ...Read Full Story »
Why Ford’s Dividend Still Looks Safe After Moody’s Downgrade to Junk
Receiving a key credit rating downgrade can be a painful experience for many companies. When a company with an investment grade credit rating is downgraded to "junk bond" status, investors ...Read Full Story »
Ford Reveals Big European Electric Vehicle Plans
Ford Motor Co. (NYSE: F) on Tuesday announced the European lineup of 17 electrified vehicles (EVs) the company expects to introduce by 2024. Seven of those vehicles have been or ...Read Full Story »
Is Ford Junk?
There are many reasons to doubt the turnaround plans of Ford Motor Co. (NYSE: F) CEO Jim Hackett. Ford U.S. sales have stagnated. Sales in China, the world's largest car ...Read Full Story »
Ford Credit Rating Downgraded From Investment Grade to Junk Bond
Ford Motor Co. (NYSE: F) was just given an unfortunate verdict on how the financial markets will treat the company when it needs to raise capital. Moody's Investors Service has ...Read Full Story »
Fiat Chrysler Pulls 2 Models From US Market
U.S. sales of Fiat Chrysler Automobiles N.V. (NYSE: FCAU) Fiat badged cars has been dismal for a long time. In the first half of this year, sales of the 500, ...Read Full Story »
Global Electric Vehicle Sales Declined in July
For the first time since Tesla sold its first plug-in electric vehicle (EV) in 2008, worldwide sales of EVs fell in July. Compared with July of last year, sales declined ...Read Full Story »
How Tesla Is Skirting the China Trade War
Tesla Inc. (NASDAQ: TSLA) shares made a handy gain on Friday after it was announced that the electric vehicle firm would be exempt from China’s 10% purchase tax on auto ...Read Full Story »
Will 12-Year-Old Cars Cripple the Auto Industry?
The U.S. auto industry has started to show cracks in what has been five years of sales of over 17 million cars and light trucks annually. It is an extraordinary ...Read Full Story »
Tesla Gambles on Offering Discounted Car Insurance on Its Vehicles
One issue in calculating the cost over any automobile's life is the car insurance rates. The cost to buy a car, to keep it fueled (or charged) up and the ...Read Full Story »
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