business finance
“Car Loans Surpass Student Loans as Second Largest Debt, Excluding Mortgages”
With an average transaction price of nearly $50,000, it’s no secret that new cars are basically just for rich people now. You can’t even buy a single new car for less than $20,000. If wages had kept up with the rising cost of a new car, that wouldn’t be as much of an issue, but here we are. And yet, people keep buying…
Tesla Cybertruck Dominates EV Truck Sales | Giga Gears
Say what you will about the Tesla Cybertruck and the people who drive it, but folks who want an electric pickup truck are choosing it over the competition at an astonishing rate. Granted, it’s a very small sliver of the overall car market, but back in July Cybertruck sales pretty much equaled the sales of every other e…
“Stellantis Faces Brand Damage as Dealers Speak Out | Giga Gears”
Good morning! It’s Friday, September 13, 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.
Car Buying Roundup: Depreciating Corvettes, Slow-Selling Stellantis Cars, and a High-Mileage Honda | Giga Gears
There seems to be 10 models on the market right now that not very many people are interested in. First spotted by Mopar Insiders, Caredge.com has data showing the 10 slowest selling vehicles on the market. In a blow to Stellantis, half of the models on the list are from brands under the automakers corporate umbrella.…
“Top Car Insurance Companies to Avoid, Hoonigan Bankruptcy, and Elon Musk Updates: Weekly News Roundup | Giga Gears”
Car insurance has gone from being an annoying monthly bill to a crippling expenditure that makes me question if I want to own a car. Headlines across the country have reported on the unprecedented explosion in insurance premiums over the past few years, so if you’re paying out the nose for coverage you want to be sure…