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Imagine walking into a dealership to buy a new car and discovering that your preferred vehicle suddenly costs up to $5,000 more than it did not long ago. This situation could happen if President Donald Trump succeeds in raising tariffs on imports. If he does and other countries respond to it, we’re looking at a potential 25 percent tariff which will result in increased vehicle prices regardless of automaker. The average new vehicle sold in the US with various discounts factored in costs about $32,000. The 25 percent tariff will be passed down to the consumer resulting in a pri...
If you think that electric-vehicle startups like Tesla would push mainstream automakers out of the EV game, think again. In fact, General Motors has had such strong demand for the Chevy Bolt that it had to increase production. In its financial reports for the first half of this year, GM confirmed that it’s ramping up production of the electric hatchback by 20 percent thanks to strong demand in the US, Canada, and South Korea. Global sales of the Bolt have been up more than 40 percent from January through June of this year. Chevy sold 7,858 units of the Bolt just in the US so f...
Because of low gas prices, people are trading their small cars for large trucks and SUVs. Back in 2013, the US car market was split between cars and trucks, but trucks have seen a massive boom in popularity. Automotive News reports that through May 2018, trucks outsold cars by two-to-one. Automakers like Ford are changing their strategies, killing off small sedans and hatchbacks to focus on SUVs and mid-size trucks. Many experts predict that truck sales will continue to grow well into the next decade. As trucks become more popular, cars are experiencing their worst sales year in dec...
Porsche isn’t immune to safety recalls, and the latest one involves the Panamera. The German carmaker has announced that it’s recalling several hundred models of the four-door sedan in the US due to a problem with the suspension. Internal testing showed that some models may have rear-axle anti-roll bars that “do not meet Porsche quality standards.” Potentially, a connecting link could detach from the anti-roll bar and cause damage to other suspension components. Thankfully, no incidents have been reported as a result of this issue, but to be safe Porsche is r...
It’s crazy to think we live in a world where the average car horsepower rating is 296. In a year, this number is expected to increase to 300. And despite cars getting more powerful, they’re significantly more fuel-efficient than ever before. The average fuel economy rating of new vehicles has climbed 24 percent since 2008 based on data analysis by Edmunds. On the other hand, the average horsepower rating has increased by 14 percent in the same period and has jumped by three percent this year alone. Decades ago, if you wanted a fuel-efficient car, you would most likely be...