marketcrash
bitcoincrash
pensions
nationaldebt
bubble
risk
debtcollapse
car sales
01/05/2024
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By Kevin Hughes
Chinese electric car manufacturer BYD OVERTAKES Tesla as world’s top seller of EVs
Chinese electric vehicle manufacturer Build Your Dreams (BYD) has surpassed Elon Musk’s Tesla as the world’s top seller of EVs. BYD, which has been supported by the American investment billionaire Warren Buffett since 2008, has defeated Tesla’s production for the second straight year. BYD announced that it made 3.02 new EVs in 2023. Meanwhile, Tesla recently announced […]
07/17/2023
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By Belle Carter
Car insurance rates hit highest levels in 30 years due to more accidents, higher repair costs, bigger medical bills and increased litigation
Rates of car insurance have hit highest levels in the past 30 years as cost of claims soared since the pandemic, due to more accidents, higher repair costs, bigger medical bills and increased litigation. The Wall Street Journal reported that many insurers have experienced significant losses over the last few years, which only means that premiums will continue to rise. “Rates […]
12/19/2022
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By Belle Carter
Used car prices drop 14.2% due to influx of new cars, higher borrowing costs
User car prices this year are down 14.2 percent compared to 2021, according to the Used Vehicle Value Index by the car auction company Manheim. This is the largest used car price dive ever based on the firm’s data. According to auto service organization Cox Automotive, the continued hike in borrowing rates and the influx […]
11/22/2022
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By Arsenio Toledo
Used truck prices drop as trucking industry overcomes supply chain issues
The prices of used trucks are falling across almost all years and models as new truck manufacturers are starting to overcome supply chain disruptions. This comes from preliminary data on used-truck activity for October published by ACT Research. The researchers noted that sales involving used Class 8 trucks – trucks with a gross vehicle weight […]
11/11/2022
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By Belle Carter
Used car prices DROP 10.6% year-over-year in October – the worst decline in nearly 14 years
The once soaring used car prices are now plunging, thanks to the Federal Reserve continuing to hike interest rates in a bid to battle inflation. As per the Manheim Used Vehicle Value Index, a gauge of wholesale market prices for used vehicles, the wholesale used-vehicle prices for October declined by about 10.6 percent on a year-over-year basis – the […]
07/29/2022
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By Arsenio Toledo
New vehicle retail sales for July expected to DROP by 10.8% year-over-year
The latest projections from automotive industry research and consulting firms show that new vehicle retail sales for the month of July are expected to crash by nearly 11 percent compared to the number of cars sold in the same month last year. The forecast was made jointly by J.D. Power and LMC Automotive, which both predict […]
06/07/2022
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By Belle Carter
RBC analysts: US car sales falling to recessionary levels
Analysts at the Royal Bank of Canada (RCB), a renowned financial services company that serves over 16 million clients worldwide, have said that the U.S. car industry is at recessionary levels as new-car sales dipped below an annualized 13 million vehicles in May. “The market appears increasingly concerned about the economy, inflation, rising interest rates […]
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