SAN JOSE, CA - When the specifications for Tesla’s Cybertruck Range Extender were originally revealed at the same time that the futuristic electric vehicle (EV) was released last year, they offered a solid boost to the number of miles that the pickup truck would be capable of traveling on a single charge. However, Elon Musk’s company this week put out revised specs for the … [Read more...] about Specs for Cybertruck Range Extender Offer Downgrades from Original Reveal
Market Updates
In Q3 of 2024, Price Gap Between New, Used Cars Exceeds $20,000 for First Time
WASHINGTON, D.C. - An interesting development has occurred in the automotive field, with the prices of new cars continuing to climb – and, in contrast, the used market becoming more and more affordable – with the average price gap between new and used vehicles in the third quarter of 2024 exceeded $20,000 for the first time ever. The number of brand-new cars available … [Read more...] about In Q3 of 2024, Price Gap Between New, Used Cars Exceeds $20,000 for First Time
NHTSA Launches Safety Probe Into Nearly 2.5M Teslas Over Self-Driving Mode
WASHINGTON, DL.C. - Following fatalities and serious injuries connected to at least 13 vehicle accidents involving Tesla’s self-driving features identified by the National Highway Traffic Safety Administration (NHTSA) since June 2022, the federal agency’s Office of Defects Investigation (ODI) has launched a safety probe into the electric vehicle manufacturer that … [Read more...] about NHTSA Launches Safety Probe Into Nearly 2.5M Teslas Over Self-Driving Mode
Court Weighing NADA Challenge to FTC’S Combating Auto Retail Scams (CARS) Rule
WASHINGTON, D.C. - The 5th U.S. Circuit Court of Appeals is currently weighing the merits of a challenge brought against the Federal Trade Commission’s (FTC) Combating Auto Retail Scams (CARS) Rule – which would make it illegal for a dealer to make misrepresentations about certain topics that would affect a consumer’s buying or leasing choices – by the National Automobile … [Read more...] about Court Weighing NADA Challenge to FTC’S Combating Auto Retail Scams (CARS) Rule
Meta CEO Mark Zuckerberg Customizes World’s First Porsche Minivan as Gift for Wife
MENLO PARK, CA - Mark Zuckerberg, the founder of Facebook and CEO of its parent company, Meta, bestowed upon his wife, Priscilla Chan, a unique gift this week; upon being told by his spouse that the next car she wanted was a minivan, the social media tycoon and billionaire wasn’t satisfied in heading down to his local car lot and picking an existing model out for her. No, … [Read more...] about Meta CEO Mark Zuckerberg Customizes World’s First Porsche Minivan as Gift for Wife