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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2021 Mustang Mach-E GT and GT Performance Edition On Sale

Mustang Mach-E GT has electric all-wheel-drive and permanent magnetic dual motors, including an upgraded secondary electric motor that powers the front wheels for a combined power output of 480 peak horsepower and 600 lb.-ft. of torque. It aims for a 0-60 mph time of 3.8 seconds while targeting an EPA-estimated 250 miles of range. Continue reading

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Barrett-Jackson Renews Live Auctions as Covid Rages

Barrett-Jackson returned to in-person events during the Fall Auction at WestWorld of Scottsdale, October 22-24, 2020 as the Arizona Republic reported that Arizona continues a trend of higher COVID-19 case reports. There were 801 new cases, 1 new death The past several weeks have seen relatively higher daily case reports as the virus spreads at its fastest rate in Arizona since June. Continue reading

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Covid Coupon – Carryover Pricing on 2021 Corvette

The 2021 Chevrolet Corvette Stingray has carryover pricing – the same as the introductory model – with MSRP starting at $59,995 for the coupe and $67,495 for the convertible. Continue reading

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2020 Nissan Frontier – Hinting at a Next Gen Version

However, the $20,000 pickup is no more. Along with the Chevrolet Colorado and the Ford Ranger, the price of entry is now at least $28,000 ranging up to, gulp, $38,000. Continue reading

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Infiniti: 0% Financing, 90-Day Deferred Payments

Effective immediately, Infiniti Financial Services is offering well-qualified buyers zero percent APR financing for up to 72 months on any 2020 Infiniti model, and will defer payments for 90 days. This offer is available through June 30, 2020. Continue reading

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US Used Vehicle Wholesales Virtually Stopped in March

“The outlook is based on macro-economic expectations, specifically that the country will experience significant job losses through the second quarter. Currently, our forecast has prices falling by 1.7% on a full-year basis versus 2019,” Paris said. Continue reading

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Electrify America, Kia Offer DC Fast Charging Plan for Niro EV

The ‘Kia Select’ program offers a flat rate of 35 cents per-minute charging for current Kia Niro EV drivers, designed specifically for the unique DC charging characteristics of the model. The program also waives session fees and has no subscription fees for participants. Continue reading

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