ABC News reported that General Motors (GM) is recalling over 217,000 vehicles after it was found that some of the cars were missing bolts from their start-stop mechanisms. This may result in transmission oil leaking from the mechanism and causing the car to either stop moving or catch on fire.
Ford recently announced that it is recalling more than 700,000 vehicles worldwide after it was found that the rearview cameras were not working properly. The company said that, at times, the cameras would either transmit images that would become distorted or go blank.
You’re currently paying insurance on your new car, which makes sense. In the event you are involved in an accident, you are covered and, depending on how bad the damage is, it could be repaired. But you may also be carrying insurance on an older car you barely drive. The policy probably costs more than what your junk car is worth. Rather than continuing to cover the junk car, cancel the policy and sell your old car to Gershow Recycling. Get money for your junk car instead of wasting money on it.
Wards recently released its forecast which predicted a seasonally adjusted annual rate (SAAR) of 14.1 million light vehicles in sales and inventory for last month. (SAAR is the number of light vehicles, both sold and unsold, over the past 12 months.) That number would mean an 8% increase over June’s numbers and a major improvement over April, when there were fewer than 9 million vehicles that were both sold and on the market because of the ongoing coronavirus pandemic.