WASHINGTON, D.C. – Now that spring car-buying season has swung into full gear, many people are going out and attempting to score a deal on a pre-owned vehicle; unfortunately, they're not likely to find one, as a new report indicates prices in the market are remaining stubbornly high and are refusing to budge. Edmunds’ new report, “Used Market Enters Uncharted … [Read more...] about Used Vehicle Prices Remain “Historically” High This Spring Car-Buying Season
Parking Garages May Need to be Replaced to Accommodate Heavier Weight EVs
NEW YORK, NY - A very real need to reevaluate older structures utilized for vehicle storage has been making headlines lately after a parking garage in New York City collapsed, killing at least one person and injuring several others. This comes in light of the fact that electric vehicles (EVs), on average, weigh significantly more than their internal combustion … [Read more...] about Parking Garages May Need to be Replaced to Accommodate Heavier Weight EVs
After Price Cuts, Tesla Achieves Record Number of Vehicle Deliveries in Q1 2023
AUSTIN, TX - Driven by greatly increased demand as a result of a recent series of price cuts, Tesla achieved a record number of vehicle deliveries – far exceeding previous estimates – of the company's electric vehicles in the first quarter of 2023. The pioneering electric car automaker owned by famed tech tycoon Elon Musk announced on Sunday that it had produced … [Read more...] about After Price Cuts, Tesla Achieves Record Number of Vehicle Deliveries in Q1 2023
End of an Era: Chevrolet Announces Production to Cease on Camaro in 2024
DETROIT, MI - Chevrolet shocked the automotive world this week when they announced that their iconic Camaro muscle car brand, which has been available since 1966, will cease production for the foreseeable future come 2024. The announcement was made by Chevrolet’s parent company, General Motors (GM), on Wednesday, leaving the future of the brand up in the air; a GM … [Read more...] about End of an Era: Chevrolet Announces Production to Cease on Camaro in 2024
Volkswagen to Invest $193 Billion in EV Development Over the Next Five Years
HERNDON, VA - German auto manufacturer Volkswagen on Tuesday officially announced that they plan on investing $192.6 billion over the next five years into the development of electric vehicles (EVs), with the goal being the conversion of the companies output from gas powered vehicles to solely electric by 2027. Between 2023 and 2027, Volkswagen noted that their company will … [Read more...] about Volkswagen to Invest $193 Billion in EV Development Over the Next Five Years