Day: January 11, 2022

Used car prices continue rising as demand heats up

Buying a new car concept
Photo (c) Theerapan Bhumirat EyeEm – Getty Images

The shortage of new cars that began in 2020 is likely to continue through at least the first half of 2022, automotive experts say. The means higher prices and longer wait times.

“The typical dealership experience that consumers are familiar with – walking dealer lots with rows and rows of cars, negotiating over price and getting many incentives – is not likely to return this year because there are 4.5 million to 5 million consumers on the sidelines waiting for cars,” Tyson Jominy, head of data and analytics for J.D. Power, told CNBC.

Cox Automotive concurs. It found that sales were mostly flat last year, most likely because dealers couldn’t get enough cars to satisfy demand. Sales improved slightly toward the end of December, but it wasn’t enough to move the needle.

“Still, in 2021, sales results are not necessarily the

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Elon Musk reveals another Tesla “Full Self-Driving” price increase

Tesla may be credited for turning the automotive industry on its head and pushing forward battery-powered cars and power solutions, but that might not be what it’s remembered for. Company CEO Elon Musk has long been promising a future of fully autonomous cars, but its Full Self-Driving (FSD) feature, despite the name, barely makes the grade. The capability has been one of Tesla’s most controversial features, and the controversy just keeps coming with this latest pre-announcement from Musk.

Image: Tesla

Tesla cars have two features with names that spark the imagination and, at the same time, engender some confusion. Autopilot, a standard feature on all its models, offers basic driver assistance like automatic emergency braking, while the optional Full Self-Driving package adds more on top, including automatic lane changing and “smart summon.” The two names have been criticized as misleading, as drivers presume they can keep their hands off the

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Automotive Trade Worldwide

Most of the adjustments occurring in the automotive market immediately, including tightened credit score markets in a capital-intensive trade and elevated government involvement are the latest global challenges. Honda produced its first real motorcycle, the Model D, in 1949. Since then it’s gone on to turn out to be one of the world’s main motorcycle producers – and that’s not even mentioning vehicles, ATVs, jet airplanes, and many others. Greater than 50 million Honda Super Cubs have been sold in less than 50 years, making it the preferred motorcycle of all time. From it’s CBR line of sportbikes to its CRF line of off-road funsters to the luxurious Gold Wing Touring motorcycle, Honda has a motorcycle for almost all people. Listed below are just some of our favorites.

Lead alternative petrol (LRP) was developed for autos designed to run on leaded fuels and incompatible with unleaded fuels. Somewhat than tetraethyllead … Read More