Category Archives: prices

Auto Loan, Lease Total at Record $1.3 Trillion during 2021

“Auto finance growth in 2021 was largely driven by strong – and expensive – used cars, which bolstered originations,” said Marcie Belles, author of the report… “many financiers recorded lower ratios of new cars in their portfolios. Still, origination volume has been nearly restored to pre-COVID levels, and it continues to climb.” Continue reading

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Kia America – EV6 Starts at $33,400 with Taxpayer Funding

The first dedicated Kia battery-electric vehicle comes to the US in a few weeks after a global reveal last March. EV6 goes on sale in all 50 states, but the performance GT version won’t be available until late 2022. So much for Kia’s original positioning as the sporty brand within the Hyundai Korean auto conglomerate. Continue reading

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US November Light Vehicle Sales Forecast Down Again

“Retail inventory on dealer lots is expected to end below one million vehicles for a fourth consecutive month, with sales in each month being dictated by the number of vehicles delivered to dealerships rather than reflecting actual demand,” said Thomas King, president of the data and analytics division at J.D. Power Continue reading

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Honda, Lexus at Top of ALG Residual Value Awards

Numerous variables, of course, affect the actual residual value of a vehicle over a multi-year lease term, including the former Trump administrations’ inexplicable failure to address the corona virus pandemic, which resulted unnecessary deaths and as well as factory shut downs. Other instances include mileage, quality/reliability, options and feature sets, weather and the macro-economic environment. Continue reading

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GMC Shows Sierra Denali Ultimate and AT4X – $$$$$

Just bring money. Base pricing for each trim will be available at reservation. MSRP15, including destination charge, for Denali Ultimate is $80,395, AT4X is $74,995, Denali is $61,295, AT4 is $60,995, SLT is $50,895, Elevation is $45,495, SLE $43,895 and Sierra Pro is $32,495. Full pricing will be announced closer to the start of production. Continue reading

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European Light Vehicle Production Tanking

The most recent setback has been the forced closure of semiconductor facilities in Malaysia to contain the latest COVID-19 outbreak, the LMC Automotive consultancy notes. This disaster comes from raw material price increases, semiconductor shortages and bottlenecks in the production of intermediate products. Continue reading

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Global Village – Record UK Used Car Prices. Demand High

“It not only marks 66 weeks of consecutive price growth, but a huge acceleration on what is now a comparatively conservative 5.7% increase recorded during the week of 12th April when physical forecourts (dealerships) reopened, ” Auto Trader said. Continue reading

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Equivalent Gas Tax or Fee on EVs to Offset Lost Revenue?

CBO said that if Congress were to levy an annual fee on EVs in an amount that is approximately proportionate with the amount paid in gasoline tax? Taking as a starting point an average driver of a light duty passenger vehicle with a gasoline engine, how much revenue could be raised during the next five years? Moreover  what percent of the anticipated shortfall in the Highway Trust Fund would that be? Continue reading

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