Month: January 2024

Jan 18

Tesla Slashes Model Y Prices Across Europe Amidst Demand Fluctuations

Tesla Adjusts Model Y Pricing in Response to European Market Trends

Tesla has recently cut prices for the Model Y across several European nations, bringing it closer in price to the Model 3 (Highland). This adjustment follows similar reductions in China and is intended to address shifting demand dynamics. In Germany, Europe’s largest car market, the Model Y is now up to 9% more affordable, reflecting Tesla’s strategic move to boost sales and stay competitive.

Pricing Details and Market Implications

The revised prices in Germany are as follows: the Long Range RWD model is now €42,990, down by €1,900 (4.2%), the Long Range AWD is €49,990 (a €5,000 reduction or 9%), and the Performance variant is priced at €55,990, marking an 8.1% decrease. This price adjustment aligns the Model Y closer to the Model 3, with the RWD versions now similarly priced. The move comes amid a 9% drop in Tesla’s overall registrations in Germany, highlighting the need for strategic price adjustments to counteract a softer market.

Supply Chain Issues and Market Response

The recent price cuts in Europe are also linked to supply chain challenges, including a temporary production halt at Tesla’s Giga Berlin plant due to regional conflicts. This adjustment reflects Tesla’s efforts to balance supply with the fluctuating demand, evidenced by a peak in Model Y deliveries earlier in 2023 followed by a significant inventory buildup. Similar price reductions have also been seen in China, raising the question of whether the U.S. market might experience similar adjustments in the near future.

Jan 18

Chevrolet Blazer’s Resurgence: A Storied SUV’s Deserved Revival

Revitalizing the Chevrolet Blazer

After a hiatus, the Chevrolet Blazer has reemerged with prominence in the auto industry, demonstrating consistent excellence across recent models. Initially launched in the 1960s and later discontinued in 2005, its enthusiastic reception upon return has secured the 2024 Blazer as a leading midsize SUV. This renaissance affirms the potential for rejuvenating iconic automotive legends.

The 2024 Chevrolet Blazer is among the best midsize SUVs
2024 Chevrolet Blazer | Chevrolet

Enduring Reliability Reaffirmed

Achieving a reliability score of 88 from J.D. Power, the 2024 Blazer reaffirms its role as a dependable, easy-to-maintain vehicle for today’s buyers. Unlike the Ford Bronco, which has seen various reliability issues, the Blazer has shown sustained robustness, illustrating Chevrolet’s dedication to excellence and consumer trust.

2023 Chevrolet Blazer
2023 Chevrolet Blazer | Chevrolet

Investment Merits: Resale Value Insights

Selecting the 2024 Chevrolet Blazer extends beyond reliable transport; it guarantees a strong resale value, evidenced by its J.D. Power score of 83. This impressive resale score advocates for the Blazer as a smart financial move for those planning future vehicle exchanges. Chevrolet’s careful refinements have helped preserve its appeal and fiscal prudence.

Assured Performance

The 2024 Blazer, while not as fast as the EV model, is lauded for its formidable performance. It’s equipped with a turbocharged 2.0-liter engine in the standard model, generating 228 horsepower and 258 lb-ft of torque. For enthusiasts desiring more power, the RS trim offers a 3.6-liter V6 that produces 308 horsepower. Furthermore, it maintains commendable fuel efficiency, reaching up to 29 mpg on the highway, effectively marrying power with thrift.

Conclusion: Setting a Precedent with the Blazer

The Chevrolet Blazer’s reintroduction acts as a blueprint for revitalizing discontinued models. Its fusion of consistent reliability, substantial resale value, and strong performance exemplifies the advantages of reviving venerated vehicles.

Jan 18

iSeeCars study: These are the 10 best new cars for the money

When you’re shopping for a new car, it can feel like a bit of a gamble as to whether you’ll get one that lasts and offers the value it promises at first. iSeeCars has done the research to help suss out some of the best new cars for the money, and while the list is populated by high-value, low-cost autos, they aren’t the most exciting vehicles on the market by any stretch of the imagination.

iSeeCars named the Mitsubishi Mirage its best new car for the money. The research found that the car costs just $1,099 per 10,000 miles to own, and its $18,991 average new price makes it one of the cheapest cars on the market. The top 10 best cars are:

  1. Mitsubishi Mirage: $1,099/10k miles
  2. Toyota Corolla: $1,374
  3. Subaru Impreza: $1,409
  4. Honda Accord: $1,432
  5. Honda Civic: $1,531
  6. Toyota Camry: $1,585
  7. Nissan Versa: $1,588
  8. Honda CR-V: $1,617
  9. Mazda3: $1,644
  10. Toyota Prius: $1,683

There are several gems on that list, but they all look attractive compared to the overall average 10,000-mile cost of $2,779. Three Toyotas and three Hondas made it to the top 10, and Toyota had seven cars in the top 25. (Follow the link at the beginning of this post to see the full list.)

The iSeeCars research focused exclusively on vehicle lifespan and the lowest purchase price, which is how we ended up with the Mirage at the top of the list. Its 100,000-mile powertrain warranty and shockingly cheap MSRP make it cheap to buy and own, which, for many people, is worth the tradeoff in comfort, features, and performance.

iSeeCars looked at more than 8.3 million new car sales between September and December last year to come up with its assessment. It also reviewed the odometer readings on more than 181 million used cars from a separate study to determine which models offer the best longevity.

Jan 18

J.R. Todd Eyes Victory in the Elite $250,000 PRO Superstar Shootout

High Stakes at the PRO Superstar Shootout

Twelve elite Funny Car drivers and teams will converge for a spectacular showdown, vying for the grand prize of $250,000 at the debut SCAG Power Equipment PRO Superstar Shootout, hosted by Johnson’s Horsepowered Garage. Among these, J.R. Todd, a seasoned world champion from Florida, is set to make a significant impact at the event scheduled for February 8-10 at Bradenton Motorsports Park.

The Prestige of Winning Among Champions

J.R. Todd, steering the DHL Toyota GR Supra for Kalitta Motorsports, recognizes the monumental opportunity that lies ahead. The event gathers a select group of the sport’s luminaries, including fellow world champions and seasoned contenders, all competing to etch their name as the inaugural winner of the PRO Superstar Shootout. Todd expressed the honor of competing with the elite, emphasizing the prestige of potentially becoming the first to clinch this exclusive event.

Unique Competition Dynamics

In a twist to traditional races, the invited drivers will have four chances to qualify for the elite eight-car elimination round, which disregards previous standings and introduces random pairings through a chip draw. This method ensures no strategic advantages based on qualifying positions, leveling the playing field among the top-tier competitors. Todd, undeterred by the unpredictability, plans to maintain his aggressive racing style, embracing the challenge posed by such a high-caliber field.

A New Chapter at a Familiar Venue

While Bradenton Motorsports Park is a venue where Todd has not competed before, it holds special memories, including where he earned his Super Comp license at age 16. Returning now to compete in a top-tier Funny Car event, with a substantial prize at stake, adds an exhilarating layer to his racing career. Winning here would not only be a personal triumph but also a historic moment in drag racing, setting a precedent for future competitions.

Racing with Teammates for High Rewards

Todd will not be alone in his quest for glory; he will be joined by Kalitta Motorsports teammates Doug Kalitta and Shawn Langdon, both past NHRA world champions in their own right. While they will compete in the Top Fuel category for the same hefty prize, Pro Stock racers will vie for a $125,000 award, underscoring the event’s high stakes across different classes.

Jan 18

Hyundai Clinches Major Awards in 2024 U.S. News Best Value Vehicle Evaluation

Hyundai’s Exceptional Achievement in National Auto Awards

Hyundai has captured significant accolades in the 2024 U.S. News Best Cars for the Money awards, underscoring the brand’s prowess in automotive engineering and design. Ricky Lao, Hyundai Motor North America’s Director of Product Planning, emphasized that these accolades confirm the company’s dedication to producing vehicles that excel in innovation, driving pleasure, and efficiency, while also offering features that enhance user experience.

Excellence Across Multiple Vehicle Categories

Hyundai’s vehicles, particularly the Elantra Hybrid, IONIQ 5, and Tucson, have earned praise for their value and driving satisfaction, according to Jim Sharifi, Managing Editor at U.S. News Best Cars. These models are celebrated for providing cost-efficient ownership and fulfilling driving experiences, showcasing Hyundai’s capacity to deliver vehicles that perform well beyond their price points.

Thorough Review Process by U.S. News Best Cars

The evaluation by U.S. News & World Report involves a detailed review across twelve vehicle categories, aiming to spotlight those that offer the best value and satisfaction over time. This rigorous process considers safety and reliability statistics, automotive expert reviews, current market pricing, and comprehensive ownership cost analysis over five years, providing buyers with reliable and extensive vehicle purchasing advice.

Hyundai’s Robust Contribution to the U.S. Auto Market

Hyundai Motor America significantly influences the U.S. automotive sector, reflecting the overarching goals of Hyundai Motor Company to foster human advancement. Its operations include significant manufacturing and research facilities in the U.S., such as the large-scale assembly plant in Alabama and the innovative Hyundai Motor Group Metaplant America underway in Georgia. These operations inject billions into the U.S. economy and support numerous jobs, reinforcing Hyundai’s commitment to American technological progress and economic development.

Jan 18

Tesla Model Y Dominates as Europe’s Top-Selling Vehicle in 2023

Tesla Model Y Leads European Car Sales in 2023

In an unprecedented achievement, the Tesla Model Y has not only topped the electric vehicle charts but has also become the best-selling car overall in Europe for 2023. Surpassing traditional favorites like economical hatchbacks, the Model Y’s popularity signals a significant shift in consumer preferences towards electric mobility across the continent.

Credit: Dacia UK

Unmatched Sales Performance by Model Y

Throughout 2023, reports from Drive Tesla consistently highlighted the Model Y’s dominance in the European market. The latest data confirms that by year-end, the electric SUV’s sales were unsurpassable. According to Dataforce, which tracks 97% of the region’s car sales, the Model Y secured a total of 254,822 units sold, comfortably leading by over 20,000 sales against the nearest competitor, the Dacia Sandero.

Historic Milestone for Tesla in Europe

The Tesla Model Y has set several records with its 2023 sales figures. Not only has it become the first electric vehicle to be crowned Europe’s best-seller, but it also stands as the first midsize and premium model to achieve this feat. Remarkably, it is also the first non-European car in recent times to lead European car sales, marking a historic moment in the automotive industry. This achievement reflects Tesla’s growing influence and the increasing acceptance of electric vehicles in mainstream markets.

Jan 18

Rare Gem on the Market: BMW’s Limited Edition Grand Tourer Challenges European Elite

BMW’s Exclusive Grand Tourer: A Rival to Aston Martin and Ferrari

In the 2000s, BMW unveiled a grand tourer that rivaled the likes of Aston Martin and Ferrari. The V10-powered M6 coupe, a pinnacle of BMW’s understated design, wasn’t made for everyone. Yet, the rare six-speed manual version stands as perhaps the ultimate collectible for enthusiasts of the brand—and one such model is available for purchase right now.

Black BMW M-class coupe parked atop a parking garage.
2007 BMW M6 | Cars & Bids

The Dream Drive: V10 Power with Manual Precision

The allure of a high-revving, naturally-aspirated V10 engine combined with a manual gearbox represents the dream for many car enthusiasts—a dream that remains elusive for most. While mid-engine seekers might find solace in a mid-2000s Audi R8, those desiring a front-engine, rear-wheel drive setup find their options limited to icons like the BMW M5 and M6.

A Testament to European Grand Touring Heritage

The 2007 BMW M6 exemplifies the classic European grand tourer: a front-engine, rear-wheel drive coupe that’s not only spacious enough for a comfortable journey but also thrills on high-speed stretches and delivers fun in sharp bends. This model, infused with a muscular torque curve thanks to its high-revving engine and enhanced with top-tier suspension upgrades from its era, represents one of the last in a dying breed of naturally-aspirated grand tourers.

V10 engine in a 2007 BMW M6
2007 BMW M6 | Cars & Bids
Back of a black BMW coupe
2007 BMW M6 | Cars & Bids

Challenges and Rarity: The 2007 BMW M6’s Unique Appeal

Despite its charm, the V10 M6 has its quirks. The front design, sharing aesthetic elements with the Z4 coupe of the same period, may appear mundane to the untrained eye, potentially being dismissed as just another BMW by those not in the know. Additionally, its manual transmission, though smoother and more refined than many sports cars, might lack the mechanical feedback desired by some driving purists.

However, the rarity of the BMW M6, especially the manual V10 coupe version, adds to its allure. With only 701 units produced for North America—and exclusively in convertible form—this particular coupe represents a rare opportunity. Now listed on Cars & Bids, this black-on-black M6 comes with 117,300 miles but boasts significant upgrades including aftermarket connecting rod bearings. Residing previously in Florida and California, it is in prime condition. As it hits the auction block, enthusiasts and collectors will keenly watch, as this model is not only a testament to BMW’s legacy but also a likely future classic.

Jan 18

Jeep Unveils the Wagoneer S: A Glimpse into Its First Electric Vehicle Launch

Jeep’s Electric Debut: Introducing the Wagoneer S

Jeep is setting the stage for its grand entrance into the electric vehicle market later this year with the release of the Wagoneer S, its first-ever EV. Slated for availability this fall, the Wagoneer S embodies Jeep’s commitment to electrification, following the brand’s announcement of three electric models last year.

Dynamic Features and Unmatched Power

The Wagoneer S is not just about eco-friendly driving; it promises to blend style, speed, and power under the umbrella of Jeep’s renowned 4xe capabilities, featuring comprehensive all-terrain management systems. This model boasts an impressive 600 horsepower and achieves a 0 to 60 mph sprint in roughly 3.5 seconds, positioning it as a high-performance electric SUV.

Innovative Design and Extended Range

Jeep has meticulously designed the Wagoneer S to optimize aerodynamic efficiency, incorporating a modern twist on the iconic seven-slot grille, now illuminated with LED lights. Targeting a range of approximately 400 miles on a single charge, the Wagoneer S is engineered to travel from New York City to Toronto without stopping to recharge, setting a new standard for electric travel.

Jeep-first-EV-Wagoneer-S
Jeep Wagoneer S (Source: Stellantis)

What’s Next for Jeep’s EV Lineup?

Jeep-Recon-EV
The all-electric Jeep Recon (Source: Stellantis)

Production of the electric Wagoneer S kicks off this year, with sales commencing in the US this fall and subsequent releases planned for other key global markets. Following the Wagoneer S, Jeep will introduce the Recon EV, an off-road-ready SUV inspired by the legendary Wrangler, complete with removable doors and windows for an immersive outdoor experience.

Jeep-Recon-EV
2024 electric Jeep Recon (Source: Stellantis)

Jeep’s All-Electric Future

Looking ahead, Jeep’s ambitious roadmap includes the launch of an all-electric Wrangler by 2028, with an electric Grand Cherokee set to debut in 2027. This strategy aligns with Stellantis’ Dare Forward 2030 initiative, aiming for half of its US sales to be electric by 2030. Despite joining the EV market later than some, Jeep is leveraging its strong brand loyalty to navigate the transition to electric vehicles successfully.

Jan 18

Ukrainian Volunteers Turn Old SUVs Into Lifesaving Vehicles

The need to move wounded soldiers from remote front lines to safety with limited resources has forced Ukrainian volunteers to innovate a way to turn used SUVs into casualty evacuation vehicles, or CASEVACS for short. Lesia Bakalets visited a workshop in Kyiv where old cars are repurposed into lifesaving vehicles. VOA footage by Evgenii Shynkar.

Jan 18

Essential Guide to Car Financing: Key Strategies and Insights for Buyers

Decoding Car Financing Choices

Exploring the various car financing options can be a daunting task. From Personal Contract Purchase (PCP) and leasing to hire purchase agreements, each financing method offers unique benefits tailored to different financial situations and vehicle ownership objectives. Understanding these distinctions is essential to selecting the finance option that best suits your needs.

Current Trends and Pricing in Car Purchasing

Recent trends show a robust increase in the car market, with new car registrations rising by 17.9% in 2023, reaching the highest levels post-pandemic, as reported by the Society for Motor Manufacturers and Traders. The typical price range for cars lies between £12,000 and £17,000. Financing solutions like zero percent offers or competitive interest rates on both new and used cars can provide a more economical means to manage these costs over time, allowing buyers to avoid the steep depreciation that occurs immediately after purchase.

Insights into Finance Deals and Considerations

Amidst ongoing scrutiny by the Financial Conduct Authority regarding commission charges in the car finance industry, it’s increasingly crucial to comprehend your financing agreement thoroughly. Evaluating the complete cost over the life of the agreement—not just the monthly payments—is necessary to dodge hefty fees for extra mileage or wear and tear, ensuring the deal aligns with your long-term financial plans.

Selecting the Optimal Car Finance Option

The array of available car finance options is vast, and the optimal choice varies based on individual financial and personal preferences. For instance, PCP agreements might offer lower monthly installments followed by a significant final balloon payment if you opt to purchase the car, whereas hire purchase plans typically spread the total cost of the car evenly across the contract term, usually resulting in higher monthly payments but eliminating any end-term lump sum payment. Assessing these options against your financial resilience and vehicle usage expectations is vital.

Influence of Vehicle Choice on Financing

The type of car you choose greatly influences the terms of financing available to you. High-end brands or newer models might carry steeper price tags but can become more attainable through specific financing plans that spread out payments. On the other hand, choosing a more affordable or less feature-intensive vehicle can significantly lower ongoing costs such as insurance and maintenance.

Pro Tips for Effective Car Financing

When considering car financing options, it’s crucial to account for the total ownership costs, including vehicle price, financing charges, ongoing maintenance, insurance, and fuel. Experts advise shopping around for the best finance offers and maintaining a good credit score to obtain favorable rates. Timing your purchase towards the end of financial quarters or at year-end can also lead to better deals as dealers strive to meet sales targets.