CHONGQING, CHINA - Over the years, Tesla – the noted electric vehicle (EV) manufacturer owned by business magnate Elon Musk – has been formed to contend with Chinese companies putting out what are basically “clones” of their various models. These imitators will often copy Tesla’s designs, engines, digital user interfaces, and – at one point in time – even the layout of Tesla’s … [Read more...] about Chinese Auto Manufacturer Debuts Shenlan SL03, a $26,000 Near Identical “Tesla Clone”
Consumer Cost on New Vehicles Skyrocket, Hit Record Average of $743 Per Month
NEW YORK, NY - A new Vehicle Affordability Index report released last Thursday by Cox Automotive and Moody's Analytics indicates that the average monthly payments for new vehicles continue to skyrocket as COVID-19-driven supply chain issues – especially when it comes to semiconductor shortages – continue to make picking slim and demand climb. As of August, the latest month … [Read more...] about Consumer Cost on New Vehicles Skyrocket, Hit Record Average of $743 Per Month
Ford Officially Unveils Seventh-Generation 2024 Mustang at Detroit Auto Show
Ford officially unveiled their impressive seventh-generation 2024 Mustang this week, showing off a version of the famous sports vehicle that combines classic muscle with a variety of cutting-edge, high-tech trappings; however, the reveal was also bittersweet, as this iteration of the Mustang may represent the last generation that is gas-powered before the line moves on to … [Read more...] about Ford Officially Unveils Seventh-Generation 2024 Mustang at Detroit Auto Show
Continued Patience Encouraged: Manheim Reports First Decline In Used Vehicle Prices
ATLANTA, GA - After many months of hardship for prospective pre-owned automobile buyers by way of skyrocketing prices driven by demand and semiconductor supply chain issues dwindling the number of new cars being manufactured, the used car market is finally showing signs of obtaining equilibrium. Sticker shock, while still a very real thing in the used car industry at the … [Read more...] about Continued Patience Encouraged: Manheim Reports First Decline In Used Vehicle Prices
Ford Confirms Seventh-Gen Mustang Will Feature V8 Engine, No Hybrid Model
Automotive manufacturer Ford has confirmed that its upcoming 2024 seventh-generation Mustang – which will be officially unveiled on September 14 – will come with a V8 engine and a six-speed manual transmission, and will not have a hybrid electric engine option as was speculated. Previously, former Ford CEO Mark Fields had claimed in 2017 that a hybrid model of the company’s … [Read more...] about Ford Confirms Seventh-Gen Mustang Will Feature V8 Engine, No Hybrid Model