SANTA MONICA, CA - For automotive enthusiasts who are looking to score their potential holy grails, a slew of classic and rare cars from a late collector’s vast estate are being auctioned off to the highest bidder without any reserves being set. Mark Smith – the owner of Smith Automobile Investments who passed away in 2021 at the game of 69 – will have his personal … [Read more...] about Slew of Classic’s from Late Collector’s Estate Being Auctioned Off At “No Reserve”
Story In ‘The Atlantic’ Highlights Harsh Realities of Electric Vehicle Ownership
Amid their widespread adoption by the public and numerous states passing legislation that will eventually mandate their purchase over their gasoline-powered brethren, a recent essay examined the pros and cons of owning an electric vehicle (EV), laying out the benefits they offer while also noting the harsh realities as well. "The Inconvenient Truth About Electric … [Read more...] about Story In ‘The Atlantic’ Highlights Harsh Realities of Electric Vehicle Ownership
Used Car Prices Falling While Cost of New Vehicles Continue to Increase
WASHINGTON, D.C. - January saw a few interesting developments in terms of the U.S. automotive market, as prices for pre-owned vehicles experienced a sharp drop while the cost of new vehicles, on the other hand, continued to show an upward trajectory. Reports indicate that prices for new vehicles increased 0.2 percent in January, with an overall increase of 5.8 percent from … [Read more...] about Used Car Prices Falling While Cost of New Vehicles Continue to Increase
Hyundai, Kia Introduce Software Update to Combat TikTok Theft Challenge
WEST PALM BEACH, FL - In response to a popular trend on TikTok and other social media platforms where young teens steal certain cars off the street using a USB cord, sibling automakers Hyundai Motor Co. and Kia Corp. are introducing new software updates to over 8 million of their vehicles in an attempt to curb the spread of the so-called “Kia Boys” … [Read more...] about Hyundai, Kia Introduce Software Update to Combat TikTok Theft Challenge
Tesla to Unveil “Master Plan 3” at March 1 Investors Event; What to Expect
AUSTIN, TX - CEO Elon Musk stated via a Tuesday evening tweet that the electric-vehicle company’s so-called “Master Plan 3” would be unveiled at the company’s annual meeting and investors event being held in Austin, Texas on March 1, 2023. Musk said that the details of the “Master Plan 3” announcement would be made at the company’s Texas headquarters after he previously … [Read more...] about Tesla to Unveil “Master Plan 3” at March 1 Investors Event; What to Expect