Day: January 11, 2022

Maserati to join Formula E series in 2023

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Sure it’s kind of an awkward photo, but we appreciate what it signifies: Maserati is joining Formula E.


Maserati

When Formula E first debuted, it seemed a little like a gimmick — I mean, the cars couldn’t complete a race on a single charge, so they had to swap cars mid-race. Fast forward to 2022, and it appears as though electric open-wheel racing is here to stay, and the latest manufacturer to hitch itself to the series will be Maserati, according to an announcement made by the company on Monday.

Maserati will be the first Italian manufacturer to participate in the series and will go up against Teutonic toughs like Porsche and Mercedes, as well as firms like Jaguar and DS. The company plans to make its official debut in 2023 with a Gen 3 Formula E chassis, which promises to be the fastest ever.

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Used car prices continue rising as demand heats up

Buying a new car concept
Photo (c) Theerapan Bhumirat EyeEm – Getty Images

The shortage of new cars that began in 2020 is likely to continue through at least the first half of 2022, automotive experts say. The means higher prices and longer wait times.

“The typical dealership experience that consumers are familiar with – walking dealer lots with rows and rows of cars, negotiating over price and getting many incentives – is not likely to return this year because there are 4.5 million to 5 million consumers on the sidelines waiting for cars,” Tyson Jominy, head of data and analytics for J.D. Power, told CNBC.

Cox Automotive concurs. It found that sales were mostly flat last year, most likely because dealers couldn’t get enough cars to satisfy demand. Sales improved slightly toward the end of December, but it wasn’t enough to move the needle.

“Still, in 2021, sales results are not necessarily the

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