NEW YORK, NY - A new Vehicle Affordability Index report released last Thursday by Cox Automotive and Moody's Analytics indicates that the average monthly payments for new vehicles continue to skyrocket as COVID-19-driven supply chain issues – especially when it comes to semiconductor shortages – continue to make picking slim and demand climb. As of August, the latest month … [Read more...] about Consumer Cost on New Vehicles Skyrocket, Hit Record Average of $743 Per Month
Ford Officially Unveils Seventh-Generation 2024 Mustang at Detroit Auto Show
Ford officially unveiled their impressive seventh-generation 2024 Mustang this week, showing off a version of the famous sports vehicle that combines classic muscle with a variety of cutting-edge, high-tech trappings; however, the reveal was also bittersweet, as this iteration of the Mustang may represent the last generation that is gas-powered before the line moves on to … [Read more...] about Ford Officially Unveils Seventh-Generation 2024 Mustang at Detroit Auto Show
Continued Patience Encouraged: Manheim Reports First Decline In Used Vehicle Prices
ATLANTA, GA - After many months of hardship for prospective pre-owned automobile buyers by way of skyrocketing prices driven by demand and semiconductor supply chain issues dwindling the number of new cars being manufactured, the used car market is finally showing signs of obtaining equilibrium. Sticker shock, while still a very real thing in the used car industry at the … [Read more...] about Continued Patience Encouraged: Manheim Reports First Decline In Used Vehicle Prices
Ford Confirms Seventh-Gen Mustang Will Feature V8 Engine, No Hybrid Model
Automotive manufacturer Ford has confirmed that its upcoming 2024 seventh-generation Mustang – which will be officially unveiled on September 14 – will come with a V8 engine and a six-speed manual transmission, and will not have a hybrid electric engine option as was speculated. Previously, former Ford CEO Mark Fields had claimed in 2017 that a hybrid model of the company’s … [Read more...] about Ford Confirms Seventh-Gen Mustang Will Feature V8 Engine, No Hybrid Model
GM Announces All Buicks Electric by 2030, Offers Exit Option for Unwilling Dealerships
DETROIT, MI - A high-ranking General Motors rep, in an interview with the Wall Street Journal last week, confirmed that the automotive manufacturer’s plans for the Buick brand to go all-electric by 2030 and that all Buicks will only consist of SUVs by that point. The rep also indicated that the company will include offering a buy-out option for any of the over 1,900 … [Read more...] about GM Announces All Buicks Electric by 2030, Offers Exit Option for Unwilling Dealerships