CAMBRIDGE, MA - CarGurus, an automotive research and shopping website that assists users in comparing local listings for used and new cars and contacting sellers, is experiencing difficulties as of late amid current falling demand and prices in the used car marketplace, according to the company during their Tuesday, November 8 quarterly earnings call with … [Read more...] about CarGurus Struggling as Demand and Prices for Used Cars Drop Drastically
Porsche to Debut Off-Road SUV Version of Iconic 911 Sports Car
LOS ANGELES, CA - German automotive manufacturer Porsche is set to debut an off-road capable Sports Utility Vehicle (SUV) version of their iconic 911 sports car after having conducted expensive tests in a variety of harsh environments to ensure the new vehicle lives up to the company’s lofty reputation. The upcoming 911 Dakar off-road model is set to debut on … [Read more...] about Porsche to Debut Off-Road SUV Version of Iconic 911 Sports Car
Volvo Reveals New EX90 Electric Crossover SUV with DUI Detecting Technology
MAHWAH, NJ - The EX90, an all-electric version of Volvo’s popular XC90 SUV, was revealed by the automotive company this week, featuring a similar seven-passenger layout as well as a series of technological upgrades, including semi-automated driving capabilities and advanced safety systems. Manufacturing on the 408 horsepower, all-wheel-drive EX90 will take place in the … [Read more...] about Volvo Reveals New EX90 Electric Crossover SUV with DUI Detecting Technology
Michael Schumacher’s Winning Ferrari Up for Auction, Expected to Fetch $9 million+
SWITZERLAND - The Ferrari of German racing champion Michael Schumacher – which carried him to an impressive five Formula 1 Grand Prix World Championship victories in 2003 – is currently up for auction in Geneva according to auction house Sotheby’s on Friday. Executive Assistant to the Director of RM Sotheby’s Sales, Vincent Luzuy, touted that the red “Chassis 229” … [Read more...] about Michael Schumacher’s Winning Ferrari Up for Auction, Expected to Fetch $9 million+
Inflation Not Only Driving Up New and Used Car Prices, But Maintenance As Well
WASHINGTON, D.C. – It's a story everyone is becoming all-too-familiar with… rampant inflation and COVID-19-related supply chain issues have resulted in a shortage of new cars – and high prices for the ones still available – causing many motorists to resort to buying used, a market that is correspondingly also becoming much pricier as a result. With the market in such a state … [Read more...] about Inflation Not Only Driving Up New and Used Car Prices, But Maintenance As Well