Car & Automotive

  • Car & Automotive

    Despite Soaring Prices, Americans Bought Record Number of Used Cars in 2021

    Used car prices broke records in 2021, but that didn’t keep Americans from lining up for them. Americans bought an unprecedented 40.9 million used vehicles last year. That’s 10% higher than 2020’s numbers. The figure comes from Kelley Blue Book parent company Cox Automotive. Record Sales Despite Record Prices The sales record comes despite record-high prices. December’s numbers aren’t final yet, but Cox Automotive estimates that the average used car sold for $27,569 in November. At the start of 2021, that same figure stood at $21,572. That’s an increase of $5,997, or nearly 28% in one year. New Car Shortage  

    Comments Off on Despite Soaring Prices, Americans Bought Record Number of Used Cars in 2021
  • Car & Automotive

    GM to launch used-vehicle shopping platform CarBravo

    DETROIT — General Motors this spring will launch CarBravo, a shopping platform designed to boost used-vehicle sales through GM dealerships, the automaker said Tuesday. “CarBravo will give customers more choice and access to shop significantly expanded inventories of both the dealer and a national central stock of GM used vehicles. Importantly, the program features will also be offered on non-GM used vehicles,” Steve Carlisle, president of GM North America, said in a statement. “CarBravo is designed to provide customers the convenience to shop how they want, where they want — online, at the dealership or both.” The used-vehicle  

    Comments Off on GM to launch used-vehicle shopping platform CarBravo
  • Car & Automotive

    Why Tesla Soared as Other Automakers Struggled to Make Cars

    For much of last year, established automakers like General Motors and Ford Motor operated in a different reality from Tesla, the electric car company. G.M. and Ford closed one factory after another — sometimes for months on end — because of a shortage of computer chips, leaving dealer lots bare and sending car prices zooming. Yet Tesla racked up record sales quarter after quarter and ended the year having sold nearly twice as many vehicles as it did in 2020 unhindered by an industrywide crisis. Tesla’s ability to conjure up critical components has a greater significance than one year’s car  

    Comments Off on Why Tesla Soared as Other Automakers Struggled to Make Cars
  • Car & Automotive

    Sony to launch car company to explore electric vehicle market

    While best known for consumer electronics devices like the PlayStation game console, Sony soon may start building electric vehicles, as well, or so suggested the company’s top executive during a presentation Tuesday at the CES electronics show in Las Vegas. The electronics giant has teased its interest in the auto industry during prior appearances at CES but, this time, Chairman, President and CEO Kenichiro Yoshida confirmed that Sony is setting up its own mobility unit. And to give show attendees an idea of what he has in mind, Yoshida pointed to a seven-seat, all-electric sport utility vehicle. Referencing the response  

    Comments Off on Sony to launch car company to explore electric vehicle market
  • Car & Automotive

    What’s ahead for the auto industry in 2022?

    From shortages of crucial semiconductor chips to shutdowns at major assembly plants, as well as skyrocketing car prices and empty dealerships, 2021 was a year to remember for auto manufacturers and consumers alike. But there were also a surge in sales of electric vehicles and an increasing shift from sedans to SUVs and pickup trucks. So what’s ahead for 2022? By some accounts, it may be more of the same, as shortages continue to leave dealers struggling for inventory and consumers facing ever higher prices. But shoppers will also find a lot more options if they’re looking for electric vehicles. 

    Comments Off on What’s ahead for the auto industry in 2022?