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
Beware: Over 350k Vehicles Flood-Damaged by Hurricane Ian Hitting Used Car Market
FORT MYERS, FL - The passing of Hurricane Ian along the United States’ east coast six weeks ago resulted in a multitude of vehicles suffering flood damage, and with many of those same vehicles now underhandedly turning up in used car lots across the country, buyers need to beware and take steps to ensure that the pre-owned car they’re buying wasn’t up to its hood in … [Read more...] about Beware: Over 350k Vehicles Flood-Damaged by Hurricane Ian Hitting Used Car Market
$2 Million Rimac Nevera Goes 256 Miles Per Hour, Sets Record as World’s Fastest EV
PAPENBURG, GERMANY - The Rimac Nevera has just taken the crown as the world’s fastest electric vehicle (EV), with the 1,914 horsepower Croatian supercar setting an unofficial world’s record by reaching a whopping 256 miles per hour – or 412 KPH – on a seven-and-a-half-mile oval track at the Automotive Testing Papenburg facility in Germany. The Rimac Nevera’s price is as … [Read more...] about $2 Million Rimac Nevera Goes 256 Miles Per Hour, Sets Record as World’s Fastest EV