Category Archives: prices

Talking Turkey – U.S. Gasoline Prices Relatively Stable

Gasoline prices are relatively steady compared to last week AAA said today.* The national average for a gallon of regular fuel went up by a couple of cents to $3.10.

“Despite the burst of gasoline demand that will occur during Thanksgiving week, overall demand is low this time of year which helps keep pump prices down. The national average has seen few fluctuations in 2025 thanks to low crude oil prices and no major storms affecting Gulf Coast refineries.” [so far – AutoCrat] Continue reading

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October U.S. Vehicle Sales Forecast Flat. Global Sales Up

Total new-vehicle sales for October 2025, including retail and non-retail transactions, are projected to reach 1,249,800, a 6.9% decrease year-over-year, according to a joint forecast from J.D. Power* and GlobalData.** October 2025 has 27 selling days, the same as October 2024. The seasonally adjusted annualized rate (SAAR) for total new-vehicle sales is forecast to be 15.1 million units, down 1.1 million units from October 2024.

“October’s results reflect a notable, but expected decline in the new-vehicle sales pace, due almost entirely to sales of electric vehicles. “The expiration of federal EV credits on Sept. 30 caused EV shoppers to pull ahead their purchases, driving a significant increase in EV sales and inflating the overall industry sales pace,” said Thomas King, president of the data and analytics division at J.D. Power. Continue reading

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GM Posts Q3 Net of $1.3 Billion on $48.6B Revenue

General Motors (NYSE: GM) today posted a Q3 2025 net income of $1.3 Billion down $700 million year-over-year on $48.6B in revenue. This included a gross tariff impact of $1.1 billion. GM offset more than 30% of this amount through what it said was go-to-market, footprint, and cost initiatives. It was a strong quarterly performance, but GM still faces major challenges in China, as well as problems dealing with Korea, Mexico and Canada via the upcoming re-negotiation of the North American Free Trade Agreement with the Trump Administration’s hostile to our northern neighbor. Nonetheless GM stock closed the day at $66.62, up $8.62 for a +14.86% gain.

“Thanks to the collective efforts of our team, and our compelling vehicle portfolio, GM delivered another very good quarter of earnings and free cash flow. In the U.S., we achieved our highest third-quarter market share since 2017 with strong margins, and our restructured China business was profitable once again. Based on our performance, we are raising our full-year guidance, underscoring our confidence in the company’s trajectory,” said Ceo and Chair Mary Barra. Continue reading

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Negative Consequences – Trump Tariffs on Input Goods

“While income taxes have been the cornerstone of U.S. federal tax policy since the early 20th century, the Trump administration is shifting tax burdens away from income taxes and toward import taxes. Kimberly A. Clausing of the University of California, Los Angeles, and Maurice Obstfeld of the Peterson Institute estimate that a U.S. effective tariff rate of 20% would generate roughly $300 billion in revenue per year, which amounts to less than one-sixth of the revenue raised annually by personal income taxes. Tariffs also generate considerable deadweight losses—expanding import-competing sectors and shrinking export and non-traded goods sectors—that will amount to approximately $113 billion per year, or more than one-third of the revenue raised by the tariffs. Continue reading

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Gasoline Demand Dropping, Pump Prices Flat

“Tis the season for lower gas prices as demand drops and gas stations make the switch to winter-blend gasoline which is cheaper to produce. Crude oil supply remains robust as OPEC+ – a group of oil-producing countries – is likely to announce in the coming days another production increase in November. That surplus coupled with weaker demand is keeping pump prices down, even as some U.S. refineries are expected to go offline this month for seasonal maintenance,” said AAA. Continue reading

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Gasoline Prices Stable as Summer Travel Ends

“The national average for a gallon of regular is down about a penny to $3.19. There remains an abundance of crude oil supply which is outweighing demand. The seasonal transition to winter-blend gasoline – which is cheaper to produce – is also beginning. While the national average has been relatively stable, drivers in the Pacific Northwest are feeling pain at the pump. Gas prices in the area have jumped more than 20 cents in the past week due to the shutdown of a major pipeline that transports fuel from Washington to Oregon. The pipeline is reportedly expected to resume operations in a few days,” said AAA Continue reading

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Nissan Armada Starts at $58,840

“Following the all-new debut of the 2025 model year, Nissan continues to deliver an Armada for every adventure – offering supreme comfort, premium technology, a bold new design and uncompromising capability. With three rows of seating, a maximum towing capacity of up to 8,500 pounds [3], and the added confidence of standard Nissan Safety Shield® 3604, the Armada is ready for whatever the road – or trail – may bring,” Nissan said. Continue reading

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Hypercar, Hyper Price – 2026 Corvette ZR1X

Chevrolet (NYSE: GM) said today that the 2026 Corvette ZR1X, inarguably the most advanced Corvette ever, will be available with an exclusive, limited production Quail Silver Limited Edition model. It will debut at this year’s “The Quail, A Motorsports Gathering,” in Carmel, California on August 15. There will also be the debut of GM Design’s concept car for the future C9 Corvette. Continue reading

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GM Posts Q2 Earnings of $3 Billion

“Despite slower EV industry growth, we believe the long-term future is profitable electric vehicle production, and this continues to be our north star. As we adjust to changing demand, we will prioritize our customers, brands, and a flexible manufacturing footprint, and leverage our domestic battery investments and other profit-improvement plans,” said Mary Barra, GM Chair and CEO, “Overall, GM is well positioned to succeed in an ICE market that now has a longer runway, Barra said. Continue reading

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AAA – 2025 Gas Prices Holding Stable for Summer Travel

AAA said today that gas prices are relatively stable during a peak travel season. 

“With summer road trips in full swing, drivers are getting a break at the pump, as gas prices match July 2021 numbers. The national average for a gallon of gas dipped as low as $3.14 this past week before going up a few cents to $3.17,” AAA said. Continue reading

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Fuel Prices Dropping as Summer Travel Begins?

With the summer driving season proceeding there are counter historical-trend results in fuel prices. Gasoline prices normally peak this time of the year, however drivers are getting a break, or is that brake? Moreover, does the ongoing global economic chaos caused by the Trump Administration tariff decrees signal something much darker – recessions and perhaps impending global depressions? Continue reading

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Trumped? Hyundai Says It Will Maintain Current MSRPs

Hyundai Motor America today launched a Customer Assurance program “in response to dynamic market conditions and the potential impact of tariffs on the automotive industry.” This proposal may help customers who purchase or lease any new Hyundai vehicle between today and 2 June 2025. They might not see any increase in the Manufacturer’s Suggested Retail Price (MSRP) during the protection period. Genesis is also part of the proposal. However, dealers are able to set actual price of a vehicle under various State franchise laws and regulations. [See footnote 1] This appears to be a negotiating strategy with the lame-duck U.S. president, aka April Fool, who has just presented Wall Street with its worst week since the last Trump Administration. Continue reading

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Trump Tariffs – His Next Economic Catastrophe

Shoot from the lip President Trump, aka Calamity Donald, today imposed tariffs of 25% across North America disrupting the North American auto market that has thrived on 30 years of free trade. Any new tariffs in place for any significant length of time will be disruptive. The tariffs at 25% are significantly higher than the profits made by the automakers and their suppliers. It is widely – if not universally – held by economists that this is an economic disaster. Continue reading

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MINI Oxford Edition – Rerun for 2025

MINI USA is bringing back the Oxford Edition for the 2025 model year MINI lineup, the BMW Group USA said today. It claimed that that premium design and innovative features can come in a compact, city-friendly package. The Manufacturer’s Suggested Retail Price (MSRP) for the Oxford Edition 2 Door starts at $24,950 and the 4 Door at $25,950, plus a destination and handling fee of, gulp, $1175. This makes the total price $26,125 for the 2 Door and $27,125 for the 4 Door.

“The Oxford Edition includes all the standard features of the MINI Cooper models, plus exclusive options at no additional cost. Customers can choose from three stunning exterior paint options: Sunny Side Yellow, Nanuq White Metallic, and Blazing Blue Metallic. The Oxford Edition also comes with 18″ Slide Spoke 2-Tone wheels with summer tires, adding a sporty touch to its iconic design,” said MINI. Continue reading

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Used Vehicle Prices Poised to Soar?

“While it’s not yet spring, wholesale values increased more than we usually see in the month of January, with particular strength at the end of the month,” said Jeremy Robb, senior director of Economic and Industry Insights at Cox Automotive. “The Manheim index is at the highest point since October 2023, after we experienced stronger-than-usual gains in non-seasonally adjusted values. Currently, retail days’ supply at used dealerships sits nine days lower than last year, and we are just now on the cusp of starting the spring wholesale market.”

Notably absent was any mention of the Trump tariff chaos, which likely will significantly increase new vehicle prices and thereby increasing demand and prices for used vehicles.
Continue reading

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