NEWS

Automakers start to sweat as new car sales continue to lag

Automakers start to sweat as new car sales continue to lag

NEWS
Sales of new cars are falling, as higher prices push consumers towards used cars, a segment that is seeing a corresponding spike in sales — and it's a worrying trend, say industry watchers. For the first time in six years, first-quarter car sales have fallen below 3 million units, according to a joint forecast by J.D. Power and LMC Automotive. Automakers will have sold 2.94 million vehicles for the quarter, said Thomas King, senior vice president of data and analytics at J.D. Power. That's an overall slump of 2.5 percent year on year, to 4 million units, Power and LMC said. “It wouldn’t surprise me” if the American automotive market is on the decline, “given where we are in the U.S. economic and automotive cycle,” Ford’s Executive Vice President Joe Hinrichs told NBC News. “Ja
7 ways to make your car last longer and save you money

7 ways to make your car last longer and save you money

NEWS
Cars are big tickets buys for most American families. In fact, it's usually the second biggest purchase right after the family home. Unfortunately, cars are getting more and more expensive in the US. Sales data compiled by the Kelley Blue Book show that the average car cost more than $36,500 in February or nearly $1,000 more than in February 2018. Some of the more popular segments of the market were even more expensive. For example, full-size pickup trucks such as the Ford F-Series, Chevrolet Silverado, and the Ram 1500 had an average transaction cost of $49,958. That's an increase of more than $3,000 over the same period in 2018. Compact crossover SUVs like the Honda CR-V and Toyota RAV cost an average of $29,259, up nearly $800 over the same time last year. Read more: What your che...
Transport service intermediaries: Uber ride-on takes the service Careem

Transport service intermediaries: Uber ride-on takes the service Careem

NEWS
The U.S. car service mediator Uber has announced plans to take over the in Dubai-based competitors Careem for 3.1 billion dollars. The company should be independent of Uber, and under the direction of the co-founder Mudassir Sheikha continue to operate, wrote Uber CEO Dara Khosrowshahi in a E-Mail to his employees. in the medium term, the deals could be put together therefore. “Over time, we can work through the Integration of Parts of our networks more efficient, shorter waiting times ( … ), and the already impressive pace of Innovation in the Region to accelerate,” wrote Khosrowshahi. Careem works according to its own information, with a Million drivers in 90 cities. About 30 million people therefore use the car service. Belongs to the investor Arab Investor, Kingdom Holding, the G
Here’s How BMW is Going Electric

Here’s How BMW is Going Electric

NEWS
For the luxury car companies, the next big thing is electric vehicles. Thank Tesla, tightening emissions standards and, most of all, China for that. BMW, still purported makers of the Ultimate Driving Machine, is no exception. It’s got a pretty strong hybrid lineup already and has gone even further out there with cars like the i3 city car and i8 exotic. Now we know more about what’s next. Literally, next, in this case. BMW recently made more of its electric and electrification strategy clear, and it says it’ll have five all-electric models on the market by 2021 and at least 12 by 2025. Those will be led by the iNext, a wild-looking wagon-hatch thing unveiled in concept form last year.BMW had some further details about the i4, which sounds like it’ll be poised to compete against the Tesl
Porsche sketches a future built of brick and mortar

Porsche sketches a future built of brick and mortar

NEWS
While the auto industry mulls ideas of less expensive dealerships and online-only sales models, Porsche is steering in the opposite direction with a boisterous store redesign plan that is as much about customer engagement as it is about selling cars. The German sports car maker's Destination Porsche retail concept expects to transform its dealerships into part showroom, part experience center and part hangout space. It is a template of how brick-and-mortar retail might flourish in the age of Amazon. The first Destination Porsche concept store opened March 15 in Palm Springs, Calif. The dealership, owned by indiGO Auto Group, of Houston, was constructed within a year and will be a blueprint for Porsche's retail design language in stores worldwide. "If we provide a great brand exper...
The car to become real-life Playstation

The car to become real-life Playstation

NEWS
Imagine if you could go fishing in the Sydney Harbour Tunnel, or build your own skyscraper from the Bolte Bridge? While both scenarios sound completely proposterous, they could soon become a (virtual) reality as Mercedes-Benz looks to turn the car of the future into mobile game consoles. The German car maker has announced a competition for developers to create in-car video games as it moves closer to introducing fully-autonomous vehicles that can drive themselves, which will, in turn, allow occupants to participate in other activities such as working, watching movies and, potentially, play Fortnite.The In-Car Gaming Challenge is open to gamers, developers, interaction designers and students - either as individuals or start-ups with up to five participants - with Mercedes-Benz encouraging...
General Motors Will Build A New Chevy Bolt-Based Electric Car In Michigan

General Motors Will Build A New Chevy Bolt-Based Electric Car In Michigan

NEWS
Despite being in the news for plant shutdowns and layoffs, General Motors is still betting on the future. The company will create 400 jobs in Michigan and invest $300 million into a new electric car, which will be based on the architecture of the Chevrolet Bolt. The Chevrolet Bolt hatchback has been praised as a fun, practical and affordable electric vehicle. GM announce the new EV yesterday, saying, that the new car, in addition to the Chevrolet Bolt EV, signals the company’s commitment to electric cars as the future of the automobile industry. GM added that vehicle will base its design and engineering on a superior version of the award-winning Bolt EV architecture.The new Chevy, which will be built at Orion Assembly in Orion Township, Michigan, will be manufactured alongside the Bolt.
Australia’s most popular first cars revealed

Australia’s most popular first cars revealed

NEWS
Buying your first car is a right of passage and it appears Australians have a lot of shared experiences. A new survey by Gumtree Cars has revealed the most popular first car choices for Australians. Not surprisingly the Toyota Corolla is the most popular vehicle for first time buyers. The Japanese hatch has been the best selling new passenger car for many years and is known for its solid reliability. The Corolla was Gumtree Car ambassador Grant Denyer’s first vehicle purchase, too. The car isn’t the most exciting ride for a gear-head like Denyer but it is dependable and affordable for the first-timer.“Turns out, I completely fell in love with my Corolla. It was the perfect first car,” says Denyer. “I bought it when I was starting my racing career, and it was my best buddy. I towed this