Category: Used Cars

Here are all the used EVs that qualify for the new $4,000 tax credit

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January 1, 2023 marked the dawn of another year for the world, but in the realm of EVs, purchases made by US consumers more specifically, the date kicked off a fresh start of new tax credits for vehicles both new and used. While much of the dust is still settling on the Capitol as it works to implement new qualifying terms for tax credits, we do have some information about what EVs will and will not qualify for. Here’s what we know so far.A used EV might be the way to go in 2023 Although the $7,500 federal tax…
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Talkin’ Bout My Generation – FormingWorld

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This article first appeared in the February 2023 Automotive Special Issue of MetalForming magazine (www.metalformingmagazine.com), and is reprinted here with permission granted by the Precision Metalforming Association. You’ve probably seen references to 3rd Gen steels—implying that there are 1st and 2nd Gen steels as well. This article explores their similarities, differences and evolution. The automotive industry drives much of this development, but the benefits offered by newer grades promote applications in other industries. Where it Began: 1st Gen Steels During the era of tail fins and sock hops, automakers had only a handful of sheet-steel grades from which to choose.…
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Peach Cars, a Kenyan used-car marketplace, raises $5M in seed investment

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Kenyan automotive marketplace Peach Cars is announcing its $5 million seed round led by Japan-based The University of Tokyo Edge Capital Partners (UTEC) and other angel investors, including Shintaro Yamada (founder and CEO of Mercari), Peter Kenevan (VP, Head of Japan at PayPal), and Hiroaki Ohta (general partner at Japan’s Waseda University Ventures). The startup, founded by Kaoru Kaganoi and Zachary Petroni in 2020 to democratize car ownership in sub-Saharan Africa, starting with Kenya, will use the money to grow the business, hire more talent and double down on R&D as it expands its tech solutions, according to a statement.…
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Arrested: Queensland man selling utes with wound-back odometers

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A Gold Coast man is wishing he could turn back time after he was arrested for allegedly tampering with the odometers of used cars, to hide how many kilometers the vehicle had really clocked up.View 2 imagesA 27-year-old man in Queensland has been arrested by detectives from the Gold Coast Major and Organized Crime Squad in a joint operation with the Office of Fair Trading.Queensland Police allege the man had sold a number of second-hand vehicles with odometers wound back, fraudulently increasing their value on the used-car market – by reducing the distance shown the vehicles had…
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THE QUEST FOR FIRST HIT PASS OUTCOMES

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Excerpted from a pre-release publication tentatively titled “Brickwalls and Barricades: The Quest for Flawless Execution of First Hit Pass Outcomes”, this article introduces actual case studies to showcase the ability to avoid forming defect failures at the stamping press through disciplined execution of the simulation and die build with proven tradecraft and capable craftsmanship. A prominent automotive seating company built a progressive die for a safety-critical stamping. Crash tests with actual stampings verified the occupant would not survive a front-end collision because edge cracks separated the seat from the vehicle. An iconic home appliance company built transfer dies with draw…
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Montreal arson squad investigating used car dealership fire

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A used car dealership was damaged by an apparent arson early on Monday morning in northwest Montreal. The flames also destroyed four cars, but no injuries had been reported by midnight. Montreal police (SPVM) reports that a 911 call at around 1 am indicated that the fire had just started at the establishment located on Gouin Boulevard West, near the intersection of 2nd Avenue, in the Roxboro sector of the Pierrefonds-Roxboro borough. Montreal fire department (SIM) firefighters had already started putting out the blaze when the first police officers arrived on the scene. When the firefighters later inspected the rubble,…
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Used-car sales may recover for rest of 2023, expert says

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With used-vehicle prices back in depreciation territory, May and June could go down in the books as the “worst May and June in history” for used vehicles losing value, Smoke said. However, those vehicles losing value is “a good thing for the people who’ve been sitting on the sidelines not able to find a vehicle at the price point they want,” Smoke said. Floor under prices There is a scarcity of used vehicles less than 4 years old because of a COVID-19 pandemic-induced lack of new-vehicle production in 2020 and 2021. Smoke said that downturn spelled trouble for the used-vehicle…
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KIA: Successful Digital Transformation in Manufacturing Process Engineering, Part I

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Driving fundamental changes through the digitalization process Digital transformation is a buzz word but we also want to know what exactly means for my job process engineering and what rapidly comes across the departments and companies. And the advantages? Increase efficiency, greater business agility, and the unlocking of new value for all of us, OEMs, material suppliers, tool and part suppliers… Well, our team members know those are important but still, we are not clear to see what changes in our life. Back to our daily job, we know very well we are facing many practical failures of production while…
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