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
BMW Revives Iconic 3.0 CSL with High Price Tag, Super-Powerful Straight-Six Engine
MUNICH, GERMANY - To celebrate the company’s 50th anniversary of its performance and motorsport division, BMW has been releasing a series of limited and special edition models throughout 2022. And the cream of the crop in terms of these limited releases is coming in the form of a revival to the iconic BWM brand: the new, very powerful – and very expensive – 2024 BMW 3.0 … [Read more...] about BMW Revives Iconic 3.0 CSL with High Price Tag, Super-Powerful Straight-Six Engine
World’s First Commercial Solar Electric Vehicles to Hit Market Soon, Reports Say
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
Used Car Prices Expected to Drop Between 10 and 20% in 2023, J.P. Morgan Predicts
NEW YORK, NY - According to a J.P. Morgan Research report, the skyrocketing prices of used cars that have seen an increase of 42.5 percent in just over two years could finally be showing signs of abating and leveling off, spelling potential relief for those looking to the pre-owned market for their next set of wheels. J.P. Morgan’s report indicates that the used market … [Read more...] about Used Car Prices Expected to Drop Between 10 and 20% in 2023, J.P. Morgan Predicts
Carvana Lays Off 1,500 Employees as Stock Drops and Used Car Sales Slump
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