RIVERSIDE, CA - Alef Automotive, a California-based startup, has announced their new fully-electric vehicle/aircraft hybrid – “Model A,” which is able to both fly in the air and drive on roadways – has received an official airworthiness certificate from the Federal Aviation Administration (FAA) prior to its upcoming release in approximately two years. Preorders for the … [Read more...] about First Fully Electric Flying Vehicle Receives FAA Airworthiness Certificate
Experts: Used Car Availability Won’t Return to Pre-Pandemic Levels Until 2028
ATLANTA, GA - A number of factors – including a reduction in leasing and drivers holding on to their cars longer – will prevent used car availability from returning to 2019 levels until 2028, experts at Cox Automotive say, but even as inventory levels gradually improve, the current high prices found in the market are expected to never return to pre-pandemic … [Read more...] about Experts: Used Car Availability Won’t Return to Pre-Pandemic Levels Until 2028
Experts: Hydrogen Electric Vehicles Touted as Future Successor to Electric Cars
WASHINGTON, D.C. - While the push to move beyond internal combustion engines in favor of more sustainable and environmentally friendly alternatives – namely, in the form of electric vehicles (EVs) – is considered a virtuous goal by many, the recent jump in adoption of EVs has pointed out to some experts that they may serve only as a stopgap measure as they also bring a host of … [Read more...] about Experts: Hydrogen Electric Vehicles Touted as Future Successor to Electric Cars
New Mandate Could Drive Up Repair Costs for Newer Cars; Require Dealer Only Service
WASHINGTON, D.C. - For decades, automakers have had a vested interest in making it as difficult as possible for people who purchase their vehicles to fix them themselves or bring them to independent shops for repair or maintenance, as opposed to dealership service departments which are typically far more expensive to deal with. Unfortunately, a new mandate by the Biden … [Read more...] about New Mandate Could Drive Up Repair Costs for Newer Cars; Require Dealer Only Service
Experts: Rising LTVs Suggest Number of Auto Loan Delinquencies On The Horizon
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