This level of customization comes with the territory If there is one thing that the upper echelon of big spenders love to do with their fancy, schmancy things, it’s making sure that they leave their mark on it. In the world of fashion, extra bells and whistles and added personalization are the name of the […]
Last year, His Majesty The King awarded Aston a special honor that few automakers have received. As the preferred motorcar for the titular character in the James Bond films, the sports cars made by legendary manufacturer Aston Martin have been an unrelenting symbol of modern Britannia. However, the brand will now celebrate its newfound elite […]
Aston Martin makes big money moves Aston Martin is set to raise about $162 million via funding from the company’s chair, Lawrence Stroll, and the sale of the automaker’s stake in its Formula 1 team, which Stroll owns. The Formula 1 stake sale alone will raise at least $95.5 million, and Stroll’s investment vehicle, Yew […]
Trump’s auto tariffs could lead to tax changes President Trump has announced his administration’s efforts to create a new tax deduction for auto loan interest payments made on US-made vehicles to boost domestic manufacturing and counter potential tariff price increases. Trump is collaborating on the initiative with House Speaker Mike Johnson and floated the idea […]
Prices started rising as COVID rocked global supply chains in 2020 and 2021 and haven’t yet returned from the stratosphere. Back in the pandemic’s early days, when car dealerships started looking more like vacant lots, paying over MSRP was more common than ever. In fact, it wasn’t unusual to buy a car and then, several […]
Small-scale EVs play a critical part in how millions of people get around. Now, Rivian has skin in the game. Electric micromobility—the area of transportation concerning things like e-bikes and e-scooters from brands like Lime and Bird—is still in its infancy. Up until now, the industry has been plagued by fads (Segway, anyone?), financial pitfalls, […]
It’s an axiom to say “EVs depreciate quickly,” but the numbers show exactly how bleak it is EVs have earned a reputation for losing value that’s hard to shake. But a recent study from iSeeCars reveals that cars and SUVs relying on battery power can lose nearly three-quarters of their value in half a decade, […]
A second chance for EV buyers Electric vehicle buyers who were left empty-handed on their promised $7,500 federal tax credit due to a bureaucratic hiccup now have a second shot at claiming their money. The IRS has announced a change that allows dealers to retroactively submit sales reports for qualifying clean vehicle purchases made in […]
The current auto market’s milestones are primarily negative Car repossession rates in 2024 reached their highest level in over a decade at about 1.73 million. During the same year, 2,332,837 Americans defaulted on auto loans, which exceeded the number of defaults during the Great Recession’s peak. Vehicle repossessions, which naturally go hand-in-hand with auto loan […]
Growing distaste for Musk Tesla’s once-unshakable grip on the electric vehicle market appears to be loosening, and Elon Musk’s public perception may be to blame. According to a new Yahoo News/YouGov poll, 67% of Americans now say they wouldn’t consider buying or leasing a Tesla, with more than half attributing their decision to Musk himself. […]
