Used cars prices jump as new car production drops

Those looking to buy a late-model car, truck or sport utility vehicle may suffer from sticker shock when they see the price of used vehicles, which the U.S. government’s consumer price index calculates have risen by about 30% since May 2020.

“It’s all about the inventory. There’s a high demand and a low inventory,” said Lisa McIntyre, executive director of the Greater Pittsburgh Automobile Dealers Association, a trade association representing about 200 dealerships in Southwestern Pennsylvania.

When there is not a sufficient number of new vehicles to fill demand or buyers don’t want to pay new car prices, they turn to used cars, pushing prices up, McIntyre said.

A certified pre-owned vehicle rose in price from about $10,000 in February to about $11,500 to $11,800 now, said Jeff Dohallow, general manager for Kenny Ross Subaru in North Huntingdon.

At Nick Chevrolet in Tarentum, sales manager Glenn Harbison said the

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Here’s the Production Rimac C_Two, Now Called the Nevera

Photo credit: Rimac

Photo credit: Rimac

  • Rimac Automobili has launched its new all-electric Nevera hypercar, with the name coming from the “mighty and unexpected Mediterranean storm that races across the open sea off Croatia,” the company says.

  • The company says the performance is unparalleled from four electric motors producing 1914 hp, good enough for 0-60 mph in 1.85 seconds.

  • The car costs $2.4 million, and Rimac is only building 150 of them.

Rimac, the Croatia-based electric hypercar maker, has finally unveiled the production version of the C_Two. The production is called the Nevera, named for the storms that occasionally pound the Croatian coast. The car starts at $2.4 million.

“This is it. This is the car I had in mind when I embarked on the impossible journey ten years ago,” said company founder and CEO Mate Rimac. “All our hard work has resulted in the Nevera – our record-breaking hypercar. This

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Automakers Want Aid Set Aside for Car-Grade U.S. Chip Production

Ford Motor Co. Unveils $1 Billion Chicago Plant Transformation

Photographer: Daniel Acker/Bloomberg

Automakers want a portion of the money Congress approved for addressing the global semiconductor shortage to be reserved for vehicle-grade chips — warning of a potential 1.3 million shortfall in car and light-duty truck production in the U.S. this year.

Congress last year authorized federal spending on research and design initiatives to boost domestic chip production and create a subsidy for domestic manufacturers. But the money still needs to be included in an appropriation measure before it can be doled out.

“Given the importance of chips to current auto production and future automotive innovation, it would be regrettable if none of the funding under the CHIPS for America Act, once appropriated, was used to increase the resiliency of automotive supply chains through the construction of new facilities that produce or have the ability to produce auto-grade chips,” John Bozzella, president and chief executive officer

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Official Production Eleanor Mustang Legend Brought Back To Life

⚡️ Read the full article on Motorious

This is one of the most famous Mustangs in the world!

One of Hollywood’s greatest facets is their extensive automotive influence, from The Dukes Of Hazzard Dodge Charger to the Bullitt Mustang. These cars have become the icons of many car enthusiasts young and old. Of course, there is one car that stands out above the rest, this well-known silver Stang is the star of one of the best car movies ever made. Many have been keen to build their version of the car, there was even one case of a YouTuber being sued over creating a series around building their recreation of this on-screen legend. Yes, you guessed correctly, it is Eleanor!

Watch a Charger vs Bullittt Mustang showdown re-imagined here.

What sets this Eleanor Mustang part from all of the fakes and replicas out there is the fact that

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