WASHINGTON, D.C. - New reports indicate that wholesale prices for used cars and trucks are declining, yet still remain at pre-pandemic level highs that are continuing to strain the wallets of American consumers who are looking for affordable means of personal transportation. Due to supply chain issues ushered in by COVID-19, prices of both new and used cars skyrocketed … [Read more...] about Report: Prices of Used Cars Declining Yet Still Remain at Pre-Pandemic Highs
Report: Tesla Installed Defective Parts in EVs, Blamed Customers When Failed
LONDON, UK - According to a report released by Reuters, Tesla has had an ongoing history of installing parts that the electric vehicle manufacturer regarded internally as defective, but yet would nonetheless blame the drivers when the parts eventually failed, even going so far as to charge repair fees for issues that were not their fault. Reuters noted that the part … [Read more...] about Report: Tesla Installed Defective Parts in EVs, Blamed Customers When Failed
FTC: Major New “CARS Rule” to Protect Shoppers from Scams When Buying Cars
WASHINGTON, D.C. - The Federal Trade Commission (FTC) has instituted a new rule designed to protect consumers from scams when shopping for vehicles. The Combating Auto Retail Scams (CARS) Rule addresses several issues that consumers have complained about in recent years, including fraudulent behavior on the part of unscrupulous sellers such as bait-and-switch tactics, … [Read more...] about FTC: Major New “CARS Rule” to Protect Shoppers from Scams When Buying Cars
Hyundai, Kia Develop Wheels & Tires with Built-In, Retractable Snow Chains
IRVINE, CA - Hyundai and Kia announced this week that they have developed astonishing next-generation technology to keep electric vehicle (EV) drivers safe during winter weather conditions that seemingly takes a page out of a James Bond movie. This technology comes in the form of new wheels and tires that have built-in snow chains that can be deployed and retracted at the push … [Read more...] about Hyundai, Kia Develop Wheels & Tires with Built-In, Retractable Snow Chains
Jeep Renegade to Be Discontinued in U.S., Canada as of 2024
AUBURN, MI - Starting with the model year 2024, Jeep will be discontinuing the Renegade in the U.S. and Canada, citing falling sales over the course of the last decade for the subcompact crossover vehicle. Previously, the small SUV was Jeep's most affordable offering, starting at $29,445, including destination; with its discontinuation, the Jeep Compass will now be the most … [Read more...] about Jeep Renegade to Be Discontinued in U.S., Canada as of 2024