Although there is an eventual possibility that autonomous, or self-driving, vehicles will be hitting the road in the future, a recent survey from the American Automobile Association (AAA) found that only 22% of consumers want auto manufacturers to focus more on creating autonomous vehicles.
To nobody’s surprise, 2020 was a rough year for the auto industry. Sales were noticeably lower than in previous years. However, experts predict that auto sales will be making a comeback this year.
The process of selling your car online can be very time-consuming. There are many steps and headaches that come with the selling process. First, you have to place an ad, which costs money. Just like selling a house, you want your car to look nice in the photos. In addition, repairing and cleaning your car will cost time and money.
Remember when you were younger and you bought yourself that flashy sports car that looked and drove like you saw on the TV commercials? You would take it out on the open road, placing the accelerator all the way to the floor and never looking back. You would feel the adrenalin rush through your body as you crave the need for speed.
Contemporary Amperex Technology (Catl) in China announced it is looking to roll out a new battery for electric vehicles (EVs) designed to last more than 1 million miles and up to 16 years. The company also stated that it will supply its batteries to Tesla, which helped develop the battery, as well as BMW, Daimler, Honda, Toyota, Volkswagen and Volvo. Continue reading “Will Longer Battery Life Mean More Older EVs on the Road?”
Some people believe that, if they trade in their older vehicle for a new car, they can get a great deal. But any chance for these prospective new car buyers to get the price they want may be slim to none. These are a few things to watch out for before thinking about turning in your clunker to a dealer:
When people think of a luxury car, they think of a fully loaded vehicle with the most state-of-the-art technology that can easily be controlled with the touch of a button. But it might be surprising to know that might not be the case.
People who are driving older cars may think it’s a good idea to purchase an extended warranty. While there may be advantages to having an extended warranty, such as enjoying continuing coverage on your vehicle, the ability to choose your own plan and saving money on costly repairs, there are drawbacks as well, according to Automoblog.
Many people find leasing as a better alternative to financing a new car. Because lessees pay for only the depreciation of the vehicle and not the full value, their monthly payments may be lower. With leases lasting 24 to 36 months, they are not stuck in a long-term payment plan. In addition, the warranty covers the vehicle for the length of the lease.
Experts from the automotive research firm IHS Markits say the average lifespan of a car or truck is eleven years old. Cars dating back to 2009 and older are considered to be outdated. Driving an older vehicle with over 100,000 miles can lead to various mechanical issues, such as engine failure. Fixing these issues can become quite costly and hurt your finances in the long run.