Day: October 16, 2021

Car shoppers might have to settle for their second or third choice

By Michael J. Moody 9 months ago

The most desirable new vehicles are selling before they even hit dealerships. Used-car prices are through the sunroof. And automakers worldwide are idling plants and cutting capacity as they wait for more desperately needed chips to be delivered.

Instead of the more typical dealer discounts, markups are spreading to new cars, and for hot models like the Chevrolet Tahoe, $10,000 would not be out of the question. Shoppers, confronting a market that should have millions more new cars on the road this year, are shrugging and paying up.

Bu with dealer lots cherry-picked and sparse, many car buyers have been forced to reconsider their choices and kick the tires of overlooked models and brands. Some are settling for paint colors they would normally dismiss. Others are turning from new to used. People are rethinking their transportation coming out of the pandemic and even changing the way they buy a vehicle.

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Automotive SaaS Firm MotorK Preps $173M IPO

By Michael J. Moody 9 months ago

MotorK, an Italian Software-as-a-Service (SaaS) company serving car dealers, is preparing to go public with an initial public offering (IPO) that could value the firm at 150 million euro ($173 million).

The company announced this week that the IPO is expected to happen before the end of the year, with MotorK listing on Euronext Amsterdam. 

Marco Marlia, MotorK’s co-founder and CEO, says the IPO will “unlock massive opportunities” for his company, its partners and its customers. 

“As a tech company with automotive in our DNA, we have worked tirelessly to build a market-leading platform and a successful growth strategy that combines organic growth with strategic acquisitions,” he said. “We believe this is just the beginning of our journey and that the runway ahead of us is expansive.” 

Founded in 2010, MotorK offers a cloud-based SaaS platform called “SparK,” which includes a suite of products designed to support “the

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Harley Tour Pack Luggage, Backrest & Mount Equipment

By Michael J. Moody 9 months ago

Lots of the changes occurring within the automotive market as we speak, including tightened credit score markets in a capital-intensive trade and elevated government involvement are the most recent international challenges. We’ve all heard tales about lithium batteries that have caught fireplace. While we definitely don’t desire that to occur to our bikes, the fear is mostly misplaced. The fires we typically read about are with lithium-ion batteries, the kinds of batteries that power small electronics, like smartphones and laptop computer computer systems. In motorcycle functions, the batteries are constructed from a lithium-iron-phosphate mix that provides up a bit of in its power density for significantly more chemical stability than conventional lithium-ion batteries.

Through the World Assembly, the Alliance, which lately reached the historic milestone of aggregate sales of 500,000 electric automobiles worldwide (Renault-Nissan-Mitsubishi). Diesel gas is broadly utilized in most types of transportation Trucks and buses , which were … Read More