🚙 Current State of the Car Market Makes It a Bad Time to Buy a Vehicle.
A new study has shown that the average cost of a new car is almost $48,000, which is $12,000 more than what it was 5 years ago. Cars are more expensive than ever due to several factors including supply chain disruptions, global semiconductor shortages, and rising raw material costs.
Toyota is recalling approximately 751,000 Highlander and Highlander Hybrid vehicles due to an issue with the mounting tabs on their bumpers that could lead to parts detaching, potentially causing accidents.
In 2022, motor vehicle thefts in the United States surged by over 8%, resulting in the theft of nearly a million vehicles valued at over $20 billion, according to the FBI's latest Crime in the Nation data.
Hyundai and Kia are recalling nearly 3.4 million vehicles in the U.S. due to the risk of engine compartment fires.
Despite advancements in car safety technology, the number of road fatalities in the U.S. has been increasing over the past decade.
Automotive supplier BorgWarner anticipates a relatively modest impact from the United Auto Workers (UAW) strikes at present.
General Motors (GM) President Mark Reuss has criticized the United Auto Workers (UAW) union for its rhetoric and the spread of "misinformation" during ongoing contract negotiations, as the UAW enters day six of targeted strikes against Detroit automakers.
Car enthusiasts seeking affordable performance cars can find options with starting prices under $33,000.
A new study reveals that many major car manufacturers admit to selling personal information collected from their vehicles, with vague information about the buyers.
A ship fire off the Dutch coast that lasted almost a week originated in the upper decks where cars were stored, as stated by the CEO of the salvage company involved.
Volvo Trucks North America is recalling 63,095 trucks in the U.S. and Canada due to a potential issue with the windshield wiper motor.
A cargo ship carrying cars remains ablaze near a Dutch bird habitat, and firefighters and salvage crews are waiting for the flames to subside before attempting to board the vessel.
The United States is experiencing a concerning rise in traffic fatalities while other countries are seeing a decline.
The long-awaited era of flying cars may become a reality by 2025 as Tavistock Development Company plans to launch its first flying car service in central Florida.
United Auto Workers (UAW) President Shawn Fain is leading the union with a new, politically savvy strategy in contract negotiations with Detroit automakers.
The auto industry is facing a significant challenge as the supply of electric vehicles outpaces consumer demand.
Wholesale used vehicle prices recorded their largest monthly decline since the start of the pandemic, signaling a potential stabilization in the market during the second half of the year.
The growth of electric vehicle sales in the U.S. has started to taper off as dealer lots become filled with unsold battery-powered models.
Volkswagen has announced plans to test self-driving electric vehicles in Austin, Texas, starting later this month.
Shares of Tesla experienced a significant surge on Monday morning following the announcement of a record number of car deliveries in the second quarter.
The author argues that electric vehicles (EVs) are not true innovations but rather a result of government support and artificial market incentives.
In 1917, Charlotte, a woman inventor, built upon Mary Anderson's manual windshield wiper design.
Ford Motor, General Motors, and Tesla have made significant strides in revolutionizing the electric vehicle (EV) charging infrastructure in North America.
The Indus Motor Company (IMC) in Pakistan, which manufactures Toyota vehicles, has experienced ongoing production problems due to inventory shortages.
Toyota Indus, a subsidiary of Toyota operating in Pakistan, has announced the complete shutdown of its production plant in Karachi from June 3 to June 8, 2023.
As the Federal Reserve tackles inflation by increasing interest rates, many Americans face limitations when affording new or used vehicles.
Car prices have reached a record high, dissuading many Americans from purchasing new vehicles.
Haulers and vehicle manufacturers anticipate a surge in regulatory demands and anticipate challenges due to a constrained supply of battery-electric trucks.
To reach proposed EPA emissions targets for 2032, the US will need to expand EV adoption and infrastructure, which will come at a high cost.
Honda has announced in Tokyo its preparations for a transition to electric cars in North America.
Several states in the U.S., including California, Maryland, Massachusetts, New Jersey, New York, Oregon, Washington, and Rhode Island, plan to ban the sale of new gas-powered cars by 2035.