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...
Automakers are on the cusp of a second record-breaking year for sales as dealers made an end-of-year push to empty their lots over the weekend. But even as the industry hopes to let the confetti fall on 2016, it must brace for a slowdown that analysts project will come to a head in the new year. Many analysts anticipate a photo finish when carmakers report their annual hauls Wednesday, with some forecasting that 2016 will edge out the previous year’s sales of 17.5 million autos by as few as 5,000 vehicles. If those projections prove true, 2016 would mark the seventh consecutive year of r...
When should I sell my car? A common question raised among the sellers.It all depends on the car you are selling, year, maintenance and time of year.Depreciation is the reduction in an asset’s value over time. For automobiles, the first hit comes in a matter of minutes. Drive the car around the block, and it’s no longer a new car; it’s a used car.Some cars, particularly the premium brands or popular models, hold strong demand throughout the year and are minimally affected by price fluctuations. But for many cars, there are trends in the market that suggest good and also b...
Even with a booming U.S. car market, the only safe jobs of late have been building pickups and sport utility vehicles. But it seems like, these jobs aren't that safe anymore since already two automakers decided to stop producing at their few plants in USA and Canada. Within the next month, General Motors Co. plans to permanently cut about 3,300 employees at three car plants, as the largest U.S. automaker slashes production of models including the Chevrolet Cruze compact. The Detroit-based company also plans to temporarily lay off employees across five of its U.S. car factories, ...
GM revealed that it plans on reducing its production at Detroit-Hamtramck Assembly Plant, and at factories in Lansing and Ohio. GM says it had more than 874,000 cars, trucks and crossovers in its inventory at the end of November- the most it has had in its U.S. stock in eight years, when vehicles went unsold during the Great Recession. And with some car models nearing six months of supply, GM will stop assembly lines for three weeks in January at Detroit-Hamtramck, according to the United Auto Workers union. The automaker announced in November it would cut shifts at plants in Lansin...
BMW vehicles which have an electric motor and battery are now approximately 1 out of every 16 BMW USA passenger car sales (6.4% of such sales). The sales include BMW i3, BMW i8 and BMW 330e models. The BMW X5 xDrive 40e was not included in this calculation since it falls under BMW’s light trucks category — it accounts for 4.3% of that category’s sales. Overall, that means plug-in cars accounted for 5.55% of all BMW brand sales in the US in November. BMW, Nissan, and GM are often identified as the Big Auto companies most focused on advancing electric cars in th...
