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...
U.S. retail sales unexpectedly rose in October as an increase in purchases of motor vehicles and a range of other goods offset a decline in demand for building materials, suggesting consumer spending remained fairly strong early in the fourth quarter. Retail sales increased 0.2 percent last month. Data for September was revised to show sales jumping 1.9 percent rather than the previously reported 1.6 percent advance. Retail sales increased 4.6 percent on an annual basis. Economists forecast that retail sales would be unchanged in November. The slowdown from September's robust pa...
Over the next 2 decades expect the vehicle sales to decline. In Europe, U.S., and India based on the latest study overall annual private car sales will go down over the next 23 years to 54 million in 2040. About 67 million vehicles a year are sold currently in those regions. Another finding from the study was that more than 80 percent of the vehicles sold worldwide in 2040 will still use some form of petroleum-fueled combustion engine.Plug-in hybrids will account for another 14 percent of sales in 2040, IHS Markit forecast. Cars powered only by gasoline or diesel cars will make up about 62 per...
The range of the average battery-electric family crossover has increased to nearly 400 miles on a single charge, after years of continued incremental improvements in lithium-based batteries, combined with extreme weight savings from lightweight materials, a new generation of superefficient electric motors, and advances in automated driving that reduce energy waste. The new generation of fast chargers enables vehicles with depleted battery packs to be 80 percent recharged in the time it takes to down a cup of Tim Horton's coffee and doughnut, about five minutes. Even exotic sport...
Heading into the final 2 months of the year, we’ve got some records on the line for the U.S. automotive industry. Japanese automakers are battling for the titles of America’s best selling cars and crossovers, and the overall industry could record a third straight 17 million-unit year for the first time ever. The overall industry this year has shown some restraint on incentives, but spending has steadily increased amid leveling average transaction prices. Expect incentive spending for the year to be up 11 percent through October to an average of $3,624 per vehicle, includi...
If you want the growth of electric sales to happen, you need to provide customers with reliable public charging infrastructure. Today in the U.S. there are only 16,457 EV charging stations, with 44,999 outlets in operation, mostly on the coasts, but also including Tesla's network of Superchargers along major intercity corridors and other superfast charging stations. The presence and visibility of these stations should help build confidence among consumers thinking about buying battery EVs that they will be able to charge wherever they want. But once people live with an EV, they often ...
