Day: August 25, 2021

Opel’s Rocks-e electric vehicle is adorably strange

European automotive manufacturer Opel has revealed a new fully electric car aimed at people living in urban areas that need a very small and compact car that produces no emissions called the Rocks-e. The car is particularly being positioned for young urban drivers because, with this vehicle, kids 15 years old and higher can drive with driving license class AM. The tiny two-seat electric vehicle promises a driving range of up to 75 kilometers using the WLTP test methodology.

Rocks-e is an entry-level electric vehicle that is seen as an alternative to scooters that leave rider and passenger out in the elements. The vehicle is 2.41 meters long and is the smallest EV in the Opel range sitting below the Corsa-E. While pricing is unannounced, Opel claims that its MSRP will be less than users would pay for a typical small car, and a monthly lease payment will be cheaper

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Penske Revs Up Buy Point On 698% EPS Growth, AI-Driven Way For Users To Buy Cars Online

Penske Automotive (PAG) is revving up a potential new breakout as it debuts a new automated platform to help people buy cars online. That move comes as Penske already has its foot on the pedal, driving 698% earnings growth and a 91% spike in revenue last quarter.




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Like some of the high-performance cars Penske sells, PAG stock has motored its way onto a spot on the IBD Breakout Stocks Index.

Penske Automotive has a 95 Composite Rating, putting it within the top 5% of all companies based on the most important stock-picking traits.

In Stock Checkup, Penske ranks No. 4 within the automotive retailers industry. AutoNation (AN), Asbury Automotive (ABG) and Lazydays (LAZY) are also among the top car dealers in the group.

Penske Innovates How People Buy Cars Online

In July, Penske Automotive and Cox Automotive

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Chip storage is creating a new car desert. Dealerships pushing used cars instead.

As the U.S. auto market recovers from a difficult 2020, many dealers are struggling to keep their lots stocked with new cars. In July, the average new car took 35 days to sell -- nearly a full week faster than in June.  This quick turnaround is due in part to the microchip shortage and the […]

STAUNTON — Matthew Walsh said normally there would be up to 2,200 cars on the lots at the 15 Carter Myers Automotive dealerships in the state. Now, they have a total of 363.

“That makes it hard for us to provide selection for customers and typically, if you were buying a car, you’d come in and you could test drive three or four different models of say a Honda CRV. Now … we may not even have a CRV on the ground to show you,” he said.

Carter Myers Automotive (CMA) has a total of 15 dealerships — in Staunton, Charlottesville, Colonial Heights, Williamsburg and Winchester — selling a variety of cars including Honda, Volkswagen, Nissan, Dodge Jeep Ram, Subaru, Kia, Hyundai, Chevrolet and Ford.

According to Car and Driver, a semiconductor chip shortage is affecting the price of used cars and the supply chain of new cars.

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