In this uncertain economic period, owning a car can become a liability. With interest rates still higher than usual, auto loan repayments are becoming increasingly expensive, even if gas prices have stabilized since the beginning of the year. Auto loan delinquencies are also rising, making the prospect of owning a car seem much more unlikely. Used cars are still in demand, so it becomes important to look out for not just an affordable used car, but also one that will reliably last you a long … Read more

If you’ve got a fast car, you’d definitely want to go cruising and entertain yourself – and maybe bring along a fellow aficionado for speed to enjoy the ride down the fast lane. With how automotive engineering has improved over the years, it’s no longer impossible for fast cars to go even faster. Dodge’s muscle cars are just one example of automakers pushing power to the limit: the 2018 Dodge Demon had 840hp at its beck and call. These days, it’s no surprise that fast … Read more

On the hunt for a good car but need to keep to a budget? You’ve probably been through various listings for new and used cars and found the prices to be steep, even for recent-year popular models. You can still find a good car for a good bargain, but let us make it easier for you. Consult our list of the best used cars for under 20000, catering to any kind of driver! Rating This List Performance A good used car will give you a … Read more

Is it time to look for a new family car? Or are you just looking for something a little (or a lot) bigger than a sedan for a change? Whatever your needs, a midsize SUV is a good choice for the space and the stylish comfort it can offer. But with car prices still fluctuating, you’d have to be prudent with where you put your money – and you’d definitely want a reliable workhorse for all sorts of reasons. Consider this list of the best … Read more

Key Points Overall, vehicle sales have had a positive uptick despite high price tags and interest rates Diminishing consumer power can potentially affect further sales this year onwards Car dealers and buyers need to be prepared for the uncertainties ahead of them There’s been a positive uptick in sales so far in 2023, and based on current estimates, it looks poised to keep going on this uptrend. In February, light vehicle sales saw an 8.5 percent increase (year-over-year), up 9.1 percent month-on-month from January; the … Read more

The Bank of America (BofA) noted that EV penetration hit an “all-time high” of 5.5 percent in 2022; sales had grown by 61 percent year-over-year (or 279,000 units) that’s helped by “robust growth” of 52 percent year-over-year (72,000 units) in the fourth quarter of 2022. With newer EVs planned to be released and the revision of the Inflation Reduction Act’s (IRA) “Clean Vehicle Credit” tax reliefs, it’s evident that EV penetration will increase over time. In fact, BofA believes that penetration rates will be up … Read more

Recent reports indicate that used car prices have seen an increase of 2.5% in January this year compared to December 2022. This occurred owing to high demand for used cars and in part due to “seasonal adjustment.” It’s still too early to predict if prices will see a slow rise or continue to fall as was initially forecasted, so buyers ought to ensure they do their homework before they finalize a purchase for a used car they want. If you’re considering owning a used luxury … Read more