Spring is here, and it's the perfect time to discover fresh feelings of adventure.If you are willing to explore your need for speed, then RepoKar is the right place for you! RepoKar is a fun, high-octane online Public Auto Auction where you'r...
German politicians are calling for a total ban on internal combustion engines by 2030, and, not content with deciding their own affairs, they also want it to apply across the whole European Union. Although we can agree a bit on the thing that plug-in cars are better for the environment, we were thinking on how will the EU react to that? People are used to these powerful petrol cars, and banning them wouldn't it mean banning all of the car lovers? The Bundesrat, or federal council, is asking the EU not just to consider its proposals to outlaw petrol and diesel cars, but to implem...
As we already know the U.S. car sales continued to soften this September, and are down 0.7% to 1.434m. The totals yielded a surprisingly robust seasonally adjusted annualized rate (SAAR) of 17.76m units, a solid rebound from August's 17.00m. The rate is down about 290,000 sales from last September. Sales are still slightly ahead of the first three quarters of 2015, it means a new annual record is still possible, although the outlook isn't favorable. Even though car manufacturers were running up incentives with about 2.5% compared to September 2015, they were down 0.2% compar...
Considering the growth in auto industry has slowed down in 2016, and U.S. sales for General Motors and Ford were down 5.2% and 8.4% in August, comparing to the same month last year, the car companies aren’t accepting the downturn passively: to juice sales in September, incentive spending is at the highest levels ever. Automakers have been trying to boost sales by increasing incentives significantly. The average incentive in September is at a record high of $3,923 per unit. The beats the previous peak of $3,753 in December 2008- back when the Great Recession was kicking into fu...
It is absolutely clear already that the U.S. car market won't set another record this year, and will decline from 2015's record in the next few years, these words were finally told by the Honda Motor Co's top American sales executive. The industry will sell 17.3 million to 17.5 million light vehicles this year, this could almost reach the last year's record of 17.5 million. Honda’s John Mendel told reporters Thursday on a conference call. Beyond 2017, sales should run between 16 million and 17 million, he said, barring any major shocks, such as a sharp increase...
Apple has been linked with a shock deal which might cost the company around £1.5bn, but it could possibly buy on this money something really worth it the McLaren Technology Group, the Formula One team owner and supercar maker. Apple is most likely about to make this huge investment in the company. On a question if McLaren is in talks with Apple about a possible purchase, the car brand has denied these rumors, saying a business will always be involved in some confidential conversations with many other companies, but these talks need to be kept confidential, and not disclo...
