CUPERTINO, CA - Apple has scaled back their plans for their in-the-works self-driving vehicle – the tech giant’s first-ever such attempt – in favor of a less-ambitions package amid several design issues and pushed back its anticipated launch date to 2026, according to sources within the company. Upon news of the vehicle’s delay and design troubles, the developer … [Read more...] about Apple Scales Back Plans for Self-Driving Vehicle, Pushes Back Launch to 2026
BMW Revives Iconic 3.0 CSL with High Price Tag, Super-Powerful Straight-Six Engine
MUNICH, GERMANY - To celebrate the company’s 50th anniversary of its performance and motorsport division, BMW has been releasing a series of limited and special edition models throughout 2022. And the cream of the crop in terms of these limited releases is coming in the form of a revival to the iconic BWM brand: the new, very powerful – and very expensive – 2024 BMW 3.0 … [Read more...] about BMW Revives Iconic 3.0 CSL with High Price Tag, Super-Powerful Straight-Six Engine
Used Car Prices Expected to Drop Between 10 and 20% in 2023, J.P. Morgan Predicts
NEW YORK, NY - According to a J.P. Morgan Research report, the skyrocketing prices of used cars that have seen an increase of 42.5 percent in just over two years could finally be showing signs of abating and leveling off, spelling potential relief for those looking to the pre-owned market for their next set of wheels. J.P. Morgan’s report indicates that the used market … [Read more...] about Used Car Prices Expected to Drop Between 10 and 20% in 2023, J.P. Morgan Predicts
Beware: Over 350k Vehicles Flood-Damaged by Hurricane Ian Hitting Used Car Market
FORT MYERS, FL - The passing of Hurricane Ian along the United States’ east coast six weeks ago resulted in a multitude of vehicles suffering flood damage, and with many of those same vehicles now underhandedly turning up in used car lots across the country, buyers need to beware and take steps to ensure that the pre-owned car they’re buying wasn’t up to its hood in … [Read more...] about Beware: Over 350k Vehicles Flood-Damaged by Hurricane Ian Hitting Used Car Market
CarGurus Struggling as Demand and Prices for Used Cars Drop Drastically
CAMBRIDGE, MA - CarGurus, an automotive research and shopping website that assists users in comparing local listings for used and new cars and contacting sellers, is experiencing difficulties as of late amid current falling demand and prices in the used car marketplace, according to the company during their Tuesday, November 8 quarterly earnings call with … [Read more...] about CarGurus Struggling as Demand and Prices for Used Cars Drop Drastically