What Car Made You Do a Double Take at a Used Car Lot?

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Photo: ChevroletI love driving past used car lots. It’s basically a spectator sport for me, which is thrilling and exciting, and full of hope but also disappointed. Every now and then, I’ll run into something unexpected, like a Chevy SS or Jeep Wrangler Unlimited LJ. When that happens, I usually spend the next few miles nursing my sore neck and shoulders due to the force of the whiplash. So, I want to know what car has made you do a double take as you drove past a used car lot? It doesn’t have to be a model that caused…
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Car dealerships encounter more shoppers paying cash

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“What’s causing that is that so many people have gotten sticker shock” at the interest rates available, Eleazer said. Customers are not aware of the rise in interest rates that have taken place since the first quarter of 2022. When a customer whose last loan had a 2.9 percent APR is offered 7.9 percent today, “they’re about to lose their mind,” he said. As a result, customers opt to pay cash instead. “It’ll level out,” Eleazer said. “It always says.” Interest rates today are like those before the 2008 financial crisis, he said, a point he also makes for customers.…
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Polestar 3 electric crossover delayed again

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Polestar now expects 2023 global sales volumes of 60,000 to 70,000, compared with its earlier forecast of about 80,000 units. Polestar delivered 51,491 units last year. “Given the tougher economic climate, it is difficult for us to compensate for the absence of the Polestar 3 volumes with an incremental Polestar 2 volume,” Polestar CFO Johan Malmqvist said on an earnings call Thursday. “That, coupled with high market uncertainties, led us to call down the volumes.” Polestar CEO Thomas Ingenlath said the volume forecast adjustment would also help the automaker protect the profit margin on the Polestar 2. “We are intent…
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CarMD Releases 2023 Check Engine Repair Trends

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Parts costs up nearly 5%; Trending up EV batteries IRVINE, Calif., April 26, 2023 /PRNewswire/ — CarMD.com Corporation, a leading provider of automotive diagnostic data, today released its 2023 CarMD® Vehicle Health Index, an annual study of check engine light-related car repair trends. With new car inventory still scarce, many lessees have opted to purchase vehicles at lease end versus trading them in, driving up the average vehicle age, and impacting the type and cost of repairs. As the market changes, CarMD’s annual report can inform vehicle owners and the aftermarket about car problems and repairs to look out for.…
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Insurers sue Hyundai and Kia over costs of easily hot-wired vehicles

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The widespread theft of vulnerable older Hyundai and Kia models not equipped with a crucial anti-theft device could end up costing the US insurance industry up to $600 million. Liberty Mutual, Nationwide, American Family and 65 other auto insurers, which comprise only a fraction of the country’s insurance companies, estimate that just their portion of the payout to owners who have been affected by the social media-driven crime wave could top $300 million . The insurers, who filed a lawsuit in US District Court in Orange County, Calif., in March, say they have already paid out $190 million. They are…
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Used Car Prices Remain Stubbornly High

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Anyone hoping that the used vehicle market will become more predictable or even the right-size itself in 2023 will likely be disappointed. Unique market conditions and a slew of new challenges are reshaping the market used in unexpected ways. After experiencing a meteoric rise in value, used vehicle prices have slightly inched back toward Earth with the return of price drops and seasonal depreciation but remain significantly higher than they were pre-pandemic. Given the price assumption of new vehicles, used ones still provide value to consumers seeking an affordable mode of transportation. That said, the main sources of used vehicle…
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Bentley Motors Announces Its MEAI Retailers Have Achieved Carbon Neutral Certification – Autos Community

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Bentley Motors confirms that its complete Middle East, Africa, and India (MEAI) retailer network of 17 sites has achieved carbon-neutral certification. The accreditation, verified by the Carbon Trust, complements Bentley’s industry-leading sustainability program at its carbon-neutral manufacturing headquarters in Crewe, England, where all Bentley models are built. Bentley’s path to sustainability is a driving force behind the company’s Beyond100 strategy. Announced in 2020, the plan targets sustainable mobility leadership, reinventing every aspect of the business. One such aim is for all Bentley retailers worldwide to achieve carbon-neutral status by 2025. Over the course of 2022, 17 retailers across the MEAI…
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Vitality Efficient Home Improvement Credit Internal Revenue Service

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Maintaining your yard, cleaning up your home’s facade, planting new flowers, repainting the front door, and organising a patio seating space could be a great begin. Real property specialists share the price breakdown of staging your house, so you probably can resolve if it is price it on your situation. Republicans also have introduced a bill requiring state income tax brackets to be adjusted yearly for inflation, by an amount equal to the change within the Consumer Price Index over the preceding year. “Reductions to this tax with out another income offset could leave the state with significant budget shortfalls…
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