Marc UrbanoCar and Driver The average price per kilowatt-hour for batteries is expected to hit $ 101 in 2023, according to a report by BloombergNEF. That would make it possible for EVs to be priced the same as comparable gasoline-powered vehicles and likely increase their adoption. The report also notes …
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Low interest rates and longer loan terms have been a saving grace for vehicle sales, according to Experian’s latest State of the Automotive Finance Market report. Affordability remains a challenge, however, and consumers with the top credit backgrounds are returning to the used-vehicle market for deals. Melinda Zabritski, Experian’s senior …
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After 13 years as president, Forrest Heathcott said Tuesday he will retire in early 2021 from JM&A Group, one of the largest providers of finance and insurance products in the U.S. He will be succeeded by Dan Chait, 53, president of sibling company Southeast Toyota Finance. The company is the …
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Hyundai reported a 1 percent sales increase in July 2020 compared with July 2019, and Mazda was up by 3 percent. But Honda was down 11 percent, Subaru was down 20 percent, and Toyota reported a 22 percent decline. Hyundai says that its inventory levels across the country are stable, …
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It’s a year of big debuts for the German auto industry, including a rare overhaul for the Mercedes-Benz S-class. While that Benz will undoubtedly go all-out on luxury, the refreshed Porsche Panamera sharpens its focus on performance. Sure, there are some comfort and convenience upgrades, but who cares about Apple …
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Used-vehicle down payments are the highest they have been since Edmunds started collecting data in 2007. Unique market conditions have led to lower interest rates, bigger down payments, less negative equity and increased cross-shopping of used vehicles, according to a statement from the company. The data shows that the average …
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Aggressive incentives bolstered the new-vehicle market in May, dragging down the average interest rate on a loan to its lowest level since 2013, Edmunds said. But as the parade of finance deals marched through Memorial Day, fewer buyers took the bait. The economic pressure caused by measures to slow the …
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2020 Ford Ecosport vs. 2020 Hyundai Tucson: Compare Crossovers Two pint-size crossovers, the 2020 Hyundai Tucson and 2020 Ford Ecosport, promise efficiency and practicality at a relatively low price—the one-pot pressure/sauté/rice/slow cookers of the car world. Review update: 2020 Volkswagen Passat SEL is a chucker The 2020 Volkswagen Passat is a mid-size …
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More is revealed during the weeks of a crisis than through all the years of business as usual. From the ides of March onward, U.S. dealerships have experienced unprecedented setback after unprecedented setback. This past week saw the growth of the latest setback — sales have plummeted and thousands of …
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