Image: Carmax The used car market has been an up-and-down mess since at least 2020, with reduced new car inventory pushing more buyers into pre-owned purchases, which reduced the revolving supply of trade-ins. This perfect storm of pandemic-induced chip-shortage used car inflation appears to finally be subsiding. According to a new report from Edmunds Q2 … Read more
Hertz gambled and lost when it placed its big EV bet on Tesla a few years ago. It was a chance for the rental car company to shake up the industry, instead the company bought 30,000 Teslas, got scared away by depreciation and expensive repairs and now wants to get rid of them. While all … Read more
Tesla’s “no haggle” direct-buy pricing model was once heralded as the future of how Americans would buy cars. Several years later, the dealership system is still going strong. Now, according to a recent study, Elon’s insistence on adjusting MSRPs based on market conditions has had detrimental effects on Tesla’s resale value. Jon Cryer’s First Car … Read more
Good morning! It’s Tuesday, February 6, 2024, and this is The Morning Shift, your daily roundup of the top automotive headlines from around the world, in one place. Here are the important stories you need to know. Jalopinions | The Best Type is Jaguar’s E-Type 1st Gear: Toyota Boosts Annual Profit Forecast Thanks To Hybrids … Read more
Good morning! It’s Tuesday, January 16, 2024, and this is The Morning Shift, your daily roundup of the top automotive headlines from around the world, in one place. Here are the important stories you need to know. Walter Isaacson On Elon Musk(s) 1st Gear: Telsa Lost $94 Billion In Two Weeks By all accounts, Tesla … Read more
Happy Friday! It’s January 12, 2024, and this is The Morning Shift — your daily roundup of the top automotive headlines from around the world, all in one place. Here are the important stories you need to know. Jalopinions | The Best Type is Jaguar’s E-Type 1st Gear: Hertz Is Selling A Third Of Its … Read more
Image: Sixt Tesla dramatically dropping the retail prices of its electric vehicles has perhaps been a boon for some of its customers, but the fleet buyers have found the move a bit unnerving. Following the news that Hertz would slow its purchases from Tesla, German competitor Sixt is going a step further, discontinuing purchases of … Read more