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U.S. New Vehicle Sales to Drop to 14.4 Million for 2022

U.S. New Vehicle Sales to Drop to 14.4 Million for 2022

By Michael J. Moody 8 hours ago

Near record gasoline prices also are making fuel efficiency an issue for motorists thinking about purchasing a new vehicle, according to analysts from Cox Automotive. 

Car sales
A lack of inventory drove sales results for down in the first half of 2022.

This comes as constricted inventories still have overall sales down by double-digit percentages every month in 2022. Cox’s June sales forecast shows the seasonally adjusted annual rate (SAAR) of new-vehicle sales this month is expected to hit 13.8 million, up from last month’s 12.7 million pace but well below last year’s 15.5 million level. 

Tesla is the only major brand to increase sales year over year in the first half. Honda, Nissan and VW all see first-half sales drops in excess of 30% year over year. The rise of the EV maker is a trend that is expected to continue for some time. 

First-half sales are forecast to be down

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The First EV Car and Driver Ever Reviewed, from 1960

By Michael J. Moody 9 hours ago

From the January 1960 difficulty of Sports Autos Illustrated.

We a short while ago drove a auto that, when it reaches production, could just take the 2nd-vehicle marketplace by storm. The most un­usual vehicle of conventional configuration to be en­gineered in this place in quite a few years, it will be manufac­tured by the Nic-L-Silver Battery Firm of Santa Ana, California. There will be no gasoline or air air pollution prob­lems with the “Pioneer,” as it is known as, for this is the most promising to date of the numerous electric powered autos currently being engi­neered in many cities. Exams thus significantly indicate operating charges will be underneath ⅓ cent for every mile.

The two-seater system is of laminated fiberglass by Alken with a detachable tricky best that attaches by four thumb screws. Behind the particular person bucket seats, which shift considerably plenty of again to allow a 6-footer reasonable

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Buying guide for electric vehicles

How Do Electric Car Tax Credits Work?

By Michael J. Moody 1 day ago
Buying guide for electric vehicles

While the Biden Administration’s proposal to include $100 billion in new electric car subsidies is no longer part of the infrastructure bill wending its way through Congress, those considering an EV in part due to the tax breaks shouldn’t panic.

This latest spending initiative was intended to extend the current incentives and allow those makers like Tesla and General Motors, who had run out of available credits, to be eligible for them again. The measure would have also pared back the maximum federal tax credit from $7,500 to $7,000.

That said, the current program is still in effect and there are plenty of ins and outs to consider if you’re going to take advantage of the program. Here is what you need to know.

Federal Tax Credit Worth $7,500

Chances are, you’ve heard of the most significant government incentive — a federal tax credit of up to $7,500 for certain

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Toyota is recalling its first mainstream electric car because the wheels can fall off

By Michael J. Moody 1 day ago

By Peter Valdes-Dapena, CNN Business

Toyota has issued recalls for its first mainstream electric car and one of its full-sized pickup trucks for problems in which nuts or bolts could loosen and wheels or axles can become disconnected.

Toyota warned owners of BZ4X electric SUVs to stop driving them because the wheels might fall off. The SUVs only recently went on sale in the United States and the warning and recall announced by Toyota Motor Sales USA on Thursday applies to all approximately 260 BZ4X SUVs that have been delivered to customers so far.

BZ4X owners should stop driving the vehicles immediately, according to Toyota’s announcement. Bolts that hold the wheels on can loosen after even a relatively small number of miles on the road, allowing the wheels to detach. Toyota is still investigating why this can happen and under what sorts of conditions.

Toyota doesn’t know, yet, how to

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