Used car prices fall for second consecutive year after soaring due to pandemic The average listing price for a used car in December was just over $26,000. Analysts predict 2024 will be a less volatile year for used cars Dailymail.Com Consumer Reporter Written by Neirin Gray Desai
Hyundai sets all-time record for annual retail sales in 2022 Total sales and retail sales for the fourth quarter were record highs. Total sales in the fourth quarter he increased by 29%.Retail sales increased 21% in the fourth quarter Total sales and retail sales in December are record highs Recorded retail sales for 5 consecutive months Fountain Valley, California, January Read More
Automakers with U.S. production facilities are raising wages for non-union members after the United Auto Workers (UAW) secured record pay increases and benefits for union members at three Detroit automakers. The UAW union has deals with General Motors, Ford, and others. Source: www.autoblog.com
The 2024 Ferrari SF90 XX Stradale has set a new lap record for a production car at Ferrari’s private Fiorano circuit. ferrari Test driver Raffaele De Simone piloted the new XX car in 1:17.3, 1.4 seconds faster than a regular SF90 Stradale with the Assetto Fiorano package. Previous products in the Ferrari XX program include… Source: Car and Driver
Volvo Cars has announced extraordinary financial results for the third quarter of 2023, posting an astonishing 75% increase in operating profit excluding joint ventures and affiliated companies. The company reported operating profits of SEK 6.1 billion (approximately $1.4 billion), demonstrating continued growth and solidifying its position in the industry. Source: www.motormoutharabia.com
Rimac Nevera has just set a new world record for fastest speed by a reversing vehicle at its German test facility. The record was set at Germany’s automotive testing Papenburg facility.Nevera reached an impressive top speed of 171.34 miles per hour. It wasn’t that It’s early, but car and driver We conducted a reverse driving test in 2011… Source: Car Read More
of bmw xm label red set A class record for a hybrid electric SUV was achieved at the Pikes Peak Hill Climb Course in Colorado Springs. After falling during a hill climb event in June, Matt Mullins returned in September and completed the race in an officially certified time of 10 hours, 48 minutes, and 60 seconds. The new time Read More