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Inventory Shortages Drive Car Shoppers to Neighboring States: Cars.com Reports 10% of Recent Buyers Traveled Across State Lines to Purchase a Car | News

– June 10, 2021

Car Supply Shortage Squeezes Sellers and Shoppers as Cars.com Finds Nearly 1 in 3 Recent Buyers Drove 100 Miles or More for the Car They Want1 

CHICAGO, June 10, 2021 — According to recent research from leading digital automotive marketplace and solutions provider Cars.comTM (NYSE: CARS), nearly 10% of recent car buyers drove out of state to purchase their desired vehicle, with more than half (52%) of those traveling 25 miles, nearly 20% traveling 50 miles and 13% of buyers traveling more than 250 miles to a dealership due to ongoing new- and used-car inventory shortages.

“With the current auto inventory challenges, recent car buyers are going to great lengths to find the car they want,” said Kelsey Mays, Cars.com assistant managing editor, news. “I don’t anticipate this trend slowing down, either. Of consumers currently in the market and shopping for a car,

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A Car Could Drive Apple’s Market Cap to $3 Trillion, Analyst Says. Here’s How.

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Apple has the resources to make a car, says Citi analyst Jim Suva.


Eric Thayer/Getty Images

The

Apple

Car is coming, and it could be spectacular. At least, that’s what Citi analyst Jim Suva thinks.

In a deep-dive research note Friday, Suva writes that entering the automotive market could be the catalyst that drives Apple’s market capitalization to $3 trillion from $2 trillion. While there has been plenty of talk about an Apple car, the company hasn’t addressed the possibility, and has a policy of not discussing future product plans.

“Yes, we do believe Apple will likely make an Apple Car via outsourced production and that this will be part of the road for Apple to travel from a $2 trillion market cap to $3 trillion,” Suva writes.

He concedes that cars would have margins below the current corporate average, but thinks the returns to Apple would be

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2021 Cadillac Escalade Diesel First Drive Review: The Power of Choice

Cadillac Escalade Full Overview

Here’s the good news for full-size luxury SUV buyers: Not only does the 2021 Cadillac Escalade diesel drive nearly identically to the excellent, gasoline-chugging model, it also costs the exact same amount, is just as impressive inside, and gets notably better fuel economy. The bad news? Well, there isn’t any, unless you’re a hardcore V-8 partisan.

Added as part of the Escalade’s wholesale redesign for 2021, the diesel version lacks the gasoline model’s ferocious growl under full-bore acceleration, as well as its mid-range and top-end muscle during freeway-speed passing maneuvers. But the diesel delivers in virtually all other circumstances. In terms of output, here’s how they stack up: The gas V-8 churns out 420 horsepower and 460 lb-ft of torque, while the Duramax inline six-cylinder turbodiesel is rated for 277 hp and an equal 460 lb-ft.

Striking Similarities

After punching the diesel’s

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2021 McLaren Elva First Drive: The Sensible Multimillion-Dollar Supercar

Let’s get right to it: The 2021 McLaren Elva is really, truly, absolutely wonderful. I’m trying to recall a time I felt this smitten after driving a car. Porsche Speedster? Yeah, that’s the most recent one, the Speedster being as close to perfection as it gets. The new 2021 McLaren Elva tickles the same spot and goes a bit deeper. It might not be closer to perfection, but it sails down a different, more elemental branch of driving. It’s more eccentric, with more whimsy, more of a wag, and more mischief, and again, it’s just plain wonderful. Yes, the Elva stickers for $1.7 million (before options), and there’s neither a windshield, a roof, or windows. Did I mention the carbon-fiber plaything makes 804 hp and is—with the exception of the F1—the lightest production McLaren ever built?

2021 McLaren Elva: The Air Out There

Since there’s no windscreen, there is

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