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You are here: Home / Archives for Joe Mcdermott

Joe Mcdermott

Demand for Used Tesla Electric Vehicles Dries Up, Causing Prices to Drop Drastically

December 28, 2022 by Joe Mcdermott

Demand for Used Tesla

AUSTIN, TX - Recently, Tesla electric vehicles (EVs) were one of the hottest commodities on the market, with used models commanding hefty prices and demand far outstripping supply. However, recent reports show that the heyday of pre-owned Teslas selling like hotcakes for astronomical sums may have ended, with supply increasing more as demand for the company’s EVs evaporates … [Read more...] about Demand for Used Tesla Electric Vehicles Dries Up, Causing Prices to Drop Drastically

Automotive 3D Printing May Increase Nearly 20% by 2028, Generate Over $65 Billion

December 14, 2022 by Joe Mcdermott

3D Printed Vehicle

WEST PALM BEACH, FL - A new report indicates that the 3D printed automotive market is expected to grow significantly in the near future, with a projected compound annual growth rate (CAGR) of 19.2 percent increase over current output expected by 2028, and an increase in revenue growth that could reach as high as $65.57 billion, up from $19.18 billion in 2020.  The … [Read more...] about Automotive 3D Printing May Increase Nearly 20% by 2028, Generate Over $65 Billion

General Motors to Expand Corvette Line in 2025 with 4-Door, SUV EV Models

December 7, 2022 by Joe Mcdermott

Porsche already proved this marketing concept is very sound by releasing a SUV version of their own sports car in the early 2000s, which ended up being a very profitable move. Image: Drive.com.au

DETROIT, MI - General Motors (GM) has announced that, as of 2025, they will be expanding their Corvette brand into models entirely different from their iconic sports car, offering all-electric four-door and sports utility vehicle (SUV) versions as well.  GM’s reasoning for the move is to capitalize on the name recognition of the Corvette in order to drive more overall … [Read more...] about General Motors to Expand Corvette Line in 2025 with 4-Door, SUV EV Models

World’s First Commercial Solar Electric Vehicles to Hit Market Soon, Reports Say

November 25, 2022 by Joe Mcdermott

Lightyear

While electric vehicles (EVs) are currently experiencing a massive upswing in popularity, the next generation of “green” transportation is already gearing up to make its debut, as the world’s first commercial solar electric vehicles are due to hit the market within the next few years, reports say. However, while the technology behind these new solar-powered vehicles … [Read more...] about World’s First Commercial Solar Electric Vehicles to Hit Market Soon, Reports Say

Carvana Lays Off 1,500 Employees as Stock Drops and Used Car Sales Slump

November 21, 2022 by Joe Mcdermott

Carvana

TEMPE, AZ - Online used car retailer Carvana, famed for their building-sized car vending machines that were quite popular during the to-touch era of COVID-19, continued its post-pandemic slump on Friday when the company announced that it would be laying off about 8 percent of its workforce in an effort to trim costs amid a recent slowdown in the used car … [Read more...] about Carvana Lays Off 1,500 Employees as Stock Drops and Used Car Sales Slump

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Recent News

  • Electric Vehicles Made Up Ten Percent of All Automotive Sales in 2022, WSJ Report Says
  • BMW Debuts Astonishing New Color-Changing Concept Car at 2023 CES
  • Demand for Used Tesla Electric Vehicles Dries Up, Causing Prices to Drop Drastically
  • Report: Used Car Odometer Fraud on Major Upswing; Here’s How to Protect Yourself
  • Electric Vehicle Owners Struggle with Reduced Battery Range in Cold Weather

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