CHICAGO, IL - Skyrocketing vehicle prices driven by supply chain issues during COVID-19 have now left many motorists with loans that greatly exceed the value of what their car is worth, following a corresponding decline in vehicle values now that the pandemic is in the rear-view mirror and automotive inventories are rising once again. A new report released Tuesday from … [Read more...] about Experts: Rising LTVs Suggest Number of Auto Loan Delinquencies On The Horizon
Federal Government Investigates Hyundai Over 2022 Ioniq 5 EV Power Loss Issue
WASHINGTON, D.C. - The National Highway Transportation Safety Administration (NHTSA) has opened an investigation into automaker Hyundai regarding a serious issue with the company’s 2022 Ioniq 5 electric vehicle (EV) where customers have complained about a sudden – and in many instances, total – loss of power. The agency has received a total of 30 consumer complaints stating … [Read more...] about Federal Government Investigates Hyundai Over 2022 Ioniq 5 EV Power Loss Issue
Huge National Shortage on Auto Mechanics Leads to Long Repair Times, Reports Say
WASHINGTON, D.C. - Automotive repair shops across the country are struggling amid a huge national shortage of qualified auto mechanics, leading to increased delays and higher prices for customers when they bring their vehicles in for service. According to auto shop repair owners, veteran mechanics have been retiring at a much faster pace than in the past, with the problem … [Read more...] about Huge National Shortage on Auto Mechanics Leads to Long Repair Times, Reports Say
Toyota Announces Next-Gen Electric Vehicle Battery with Over 600-Mile Range
LIBERTY, N.C. - Toyota announced on Tuesday that they are currently developing a line of electric vehicles (EVs) that will debut in 2026 with next-generation batteries with ranges exceeding 600 miles, causing shares of the Japanese automaker to spike five percent in response to the news. These new batteries will be developed and manufactured in a new facility created in May … [Read more...] about Toyota Announces Next-Gen Electric Vehicle Battery with Over 600-Mile Range
American Lung Says Electric Vehicle Adoption Could Save 90k Lives by 2050
WEST PALM BEACH, FL - According to a new report released by the American Lung Association (ALA), if the United States ceased the sale of all internal combustion engines by 2035 and replaced them entirely with electric vehicles (EVs), as many as 89,300 lives could be prevented from ending prematurely from numerous cardiovascular related health issues by 2050. Published on … [Read more...] about American Lung Says Electric Vehicle Adoption Could Save 90k Lives by 2050