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...
Black Friday deals might be able to save the situation of car sales this month. According to an industry consultant and car shopping website, the U.S. new vehicle sales will rise 3.5% in November. The company estimated that November U.S. sales would be 1.4 million new cars and trucks, for a seasonally adjusted annualized rate of 17.8 million. The company also forecasts that 2.9 million used vehicles will be sold in November 2017. "It also doesn't hurt that automakers are starting to really sweeten the deals to clear out lingering 2017s and end this year on a high ...
Every single i3 model sold by BMW in the U.S. is being recalled by the automaker, it has also been forced to freeze sales after crash test concerns. The car, which is sold in pure-electric and gas-electric hybrid forms, has been on sale in the US since 2014, with new model year 2018 i3 cars due to show up in dealerships imminently. Now, though, nobody will be able to buy them. The problem comes down to seatbelt testing or, more accurately, what happens when someone isn’t wearing a seatbelt. Although wearing a seatbelt is mandatory across almost all of the US states &...
U.S. new vehicle sales are going to decline in 2018, but economists say used vehicle volume will grow 2 to 5% next year. The added used volume should help franchised dealers offset lower new vehicle sales, but independent dealers face greater competition for inventory, a panel of economists told the combined Used Car Week conference and National Auto Auction Association convention here. The used vehicle industry can expect a strong general economic climate but will face continued challenges of shrinking margins, lower vehicle prices, disruptive technologies and political and regulat...
Trump administration gets urged by a bipartisan group of more than 70 members of the U.S. House of Representatives not to boost current production requirements on vehicle content for autos produced in the region under the North American Free Trade Agreement. Under the trade deal, at least 62.5 percent of the material in a car or light truck made in the region must be from North America to be able to enter the marketplace tariff-free. The Trump administration has proposed raising the proportion of NAFTA content to 85 percent and securing 50 percent of the total for the U.S. The House...
With the launch of GM’s next-generation EV platform in 2021 the company is pretty convinced its electrified vehicle business will get more profitable. Automakers have been losing money for years on all-electric vehicles such as the Chevrolet Bolt in exchange for meeting tighter environmental regulations while positioning themselves for an expected increase in demand for alternative powertrains. General Motors plans to sell 1 million EVs annually by 2026, driven by ongoing cost reductions and the debut of at least 20 new all-electric and hydrogen fuel cell vehicles globally by ...
