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...
The U.S. auto industry turned in an underwhelming performance in March as sales disappointed despite rising discounts. The industry reported sales of 1.56 million vehicles for the month, down 1.6% from a year earlier, amid increasing inventories of unsold vehicles, especially of small cars. In the face of declining sales, now it's up to automakers to see if they can pare production of slow-selling models and reduce the profit-crushing practice of having to offer heavy discounts to clear out the backlog. Sales incentives rose 13.4% in March, compared to a year earlier, to an average of $3,5...
It’s the first time in the last 6 months when the retail sales posted are this low. This indicates a tempering of the consumer spending that’s been carrying the economy. Purchases rose 0.1 percent, after a 0.6 percent increase in the prior month that was stronger than previously reported. Just four of the 13 major retail categories saw gains in February sales. Receipts dropped at electronics and appliances stores, apparel outlets and car dealers, a sign of more moderate consumption in the first quarter. While purchases may have been restrained by a temporary slowdown in ...
Intel U.S. agreed to buy Israeli autonomous-driving technology company Mobileye with a value of $14.7 billion. The new technology could thrust the U.S. chipmaker into direct competition with rivals Nvidia Corp. and Qualcomm Inc. to develop driverless systems and components for global automakers. The acquisition of Mobileye could propel the world's largest computer chipmaker into the front ranks of automotive suppliers at a time when Intel has been downplaying its core semiconductor business. It also promises to escalate the arms race among the world's carmakers and supp...
We’ve been waiting for this happening and here it comes, Donald Trump will announce the new fuel efficiency rules when he will meet with automaker chiefs this week. He will be visiting an autonomous vehicle testing facility based in Detroit this Wednesday and also will meet with some major automakers CEOs who asked for revising the rules of Obama’s administration. The administration has decided to review the feasibility of the 2022 through 2025 vehicle emissions rules, after the Obama administration moved in its final days to keep them. The trip is focused on j...
U.S. light vehicles from the 2016 model year will be the first to fall short of federal fuel economy targets in more than a decade, according to a new projection from regulators that could buttress a push by automakers to ease efficiency standards. The National Highway Traffic Safety Administration forecasts that 2016 models will average 32.1 miles per gallon, below the target of 32.8. The agency forecasts another shortfall in model year 2017 of 31.8 miles per gallon compared to a projected target of 33. The U.S. fleet has exceeded industrywide fuel economy targets every year since ...
