Vietnamese Automaker VinFast Exports First EVs To The U.S. (PDF) VinFast celebrated the success of its first batch of all-electric cars being exported to international markets on 25 November. The Vietnamese automaker has sent a total of 999 units of the VF 8 model to the US. The ship
What cars will be discontinued in the year 2023? (PDF) This year has seen many changes in the car market, with more SUVs on the road than ever before. Sedans are becoming less common, but that doesn’t mean there aren’t any left. If you’re interested in finding a great
How Long Will Car Prices Remain High? (PDF) Auto prices are on the rise, as they are for many other consumer goods. The average price paid for a new vehicle in the U.S. increased 6.3% year-over-year in September 2022, combined with soaring gasoline prices and rising interest rates, this
New Car Brand? Kia’s logo redesign makes people Googling for “KN Car”(PDF) The South Korean manufacturer owned by Hyundai Motor Company is causing confusion among consumers after the new Kia logo (KN) was unveiled with a spectacular pyrotechnic display in January 2021. Over 200 unmanned aerial vehicles blew up
Toyota Releases New Bz Compact SUV Concept (PDF) Toyota has revealed a new bZ Compact SUV Concept that previews a future electric compact crossover model. This electric model has a “glimpse of what the future could hold.”, revealed at the LA motor show. The Japanese firm wants to expand
Top 5 Best-Selling EVs of 2022 (PDF) We’ve reached almost the end of 2022 and the electric car sales charts are telling us a very important story. It’s not just about Tesla anymore, and it will continue to shift away from them because challengers start to amass higher numbers.
Automotive Market Update For November 2022 (PDF) The fourth quarter typically accounts for the majority of the yearly depreciation, but this year the declines started in Q3 and are continuing to trend higher than typical. What’s different this year is that declines exceed 1% per week in many segments,
Top 5 Most Frequent Car Accidents (PDF) Despite the introduction of advanced driver-assistance systems and strict testing, car accidents still kill tens of thousands of people every year in the United States. The NHTSA recently released data on the most common types of car crashes in the U.S., and
Why EVs Are So Expensive? (PDF) Electric cars are still too expensive, despite being “supposed to be cheaper”. The cost of EVs has gone up for some and down for others. We’ll discuss some factors that influence EV pricing below. The base price for the 2022 Chevy Bolt is
Ford Has Cut Its Plans For Developing Autonomous Cars (PDF) According to Ford’s recent earnings report, the company will be pulling out of its artificial intelligence venture called Argo AI. In order to turn around the company’s losses, Ford is focusing on advanced driver-assistance systems instead of AI. It
GM Sold Over 80,000 More Cars Than Toyota This Year (PDF) General Motors is fighting back against its rival Toyota, with 80,000 more cars sold than Toyota in 2022. They’re on their way to reclaiming the top spot as the best-selling automaker in the U.S. GM sold 555,580 cars
BMW Plans To Invest $1.7 bn In EVs In The US (PDF) BMW will invest $1.7 billion in the production of electric vehicles in the United States. The company outlined a $1 billion plan, which includes building a new manufacturing plant for the BMW Spartanburg US facility and $700
The 10 Least Reliable Cars Of 2022 (PDF) Reliability should be near the top of your list when looking for a vehicle. Without dependability, other factors don’t matter nearly as much. If you end up with an unreliable car, then it could cost you both time and money in
Top 10 Best Selling Cars Of 2022 So Far (PDF) This year’s best-selling vehicle list is mostly unchanged from last year’s because we all love the cars that made this list. As supply-chain issues continue to affect dealer inventories, it’s difficult to find new vehicles to buy. It can
Hydrogen Fuel Cell Car Sales Decline In Q3 2022 (PDF) Hydrogen fuel cell cars, the alternative to electric cars, haven’t shown any growth in sales. Without much of a chance for significant growth, they might not be the solution they claim to be. In the third quarter of 2022,
Automotive Market Update for October 2022(PDF) The market keeps declining considering the time of the year. Last week, the 8-to-16-year-old cars depreciated by 0.63%, while the 2-to-8-year-old vehicles declined by 0.76%. Overall, the car segment decreased 0.89%. For reference, last week cars decreased 1.11%. Three segments reported declines more than
Due to Consumer Complaints the FTC Changes GAP Insurance Rules FTC Rule 463 Section 5 GAP Insurance (PDF) Buying a vehicle is an expensive and tricky process, many consumers rely on financing to complete their purchases. The car dealer’s finance office is the main point of sale of financing as
The Market Experiences Significant Declines Large market declines continued last week, exceeding the levels that are expected for this time of year. Luxury segments continued to experience severe depreciation last week. The Prestige Luxury Car segment reported the largest decline at -2%, following the prior week’s already large decline of
It’s no secret car prices are going up, but the extent of this increase is more visible as we look at wholesale price charts on popular mass-produced vehicles.
In our study we observed the wholesale price variance of 5 vehicles:
2011 Honda Accord
2012 Toyota Camry
2014 Ford F150
2014 Hyundai Sonata
2013 Toyota Sienna
New Car Dealer Groups – Day Supply Q1 and Q2 2022 (PDF) Low New Car Inventory lingers for a second quarter in a row. Days’ supply of new vehicles at the US’s six major dealership groups remains low due to production delays, parts shortages and unseasonably high demand. Penske Auto
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