Tips for buying a new or used vehicle in a red-hot market

If you’re in the market for a new ride, here are some money-saving tips to keep you from getting burned.

ST PAUL, Minn. — Car sales have done a 180-degree turnaround from a year ago when sales plunged 30%. New cars, used cars, the boom is one of the hottest and trickiest markets for consumers.  

Tom Leonard, President and CEO of Fury Motors in St. Paul believes demand for vehicles is at an all-time high. “What has changed in the last few months is the availability of the new vehicles,” he said. “Where we use to have a 100-day supply, we probably have closer to a 30-day supply.”

That makes Leonard a happy man. But the demand comes as a microchip shortage is stalling production at many auto plants. Couple that with employees returning to work, low interest rates and buyers flush with cash and finding your new vehicle could

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Automotive Backup Camera Market 2021-2025 | Rising number of Government Regulations to drive growth | Technavio | State

NEW YORK, May 20, 2021 /PRNewswire/ —

Set to grow by 40,431.61 thousand units during 2021-2025, Technavio’s latest market research report estimates the automotive backup camera market to register a CAGR of about 12%. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.

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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Aptiv Plc, BorgWarner Inc., Continental AG, DENSO Corp., Gentex Corp., HELLA GmbH & Co. KGaA, Magna International Inc., Robert Bosch GmbH, Valeo SA, and ZF Friedrichshafen AG are some of the major market participants. The rising number of government regulations regarding vehicle safety will offer immense growth opportunities. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments while maintaining their positions in the slow-growing segments.

Automotive Backup

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Nissan Stands Out As Loser, Rental Cars Changing Market

The Morning ShiftAll your daily car news in one convenient place. Isn’t your time more important?

The car market these days is in a moment of demand outpacing supply, and rental car companies are not helping. All that and more in The Morning Shift for May 17, 2021.

1st Gear: Prices Up, Mileage Up

I’ve always been generally aware that rental car companies and fleets in general have an outsized influence on the American car market. Hell, I remember the Chevy Malibu Classic existing. You have to explain that somehow.

In any case, a new article from Automotive News lays out how rental car companies fit in with today’s car market struggling amidst a global semiconductor chip shortage. From Automotive News:

Major rental-car companies with their large fleets are known to buy when prices fall and sell when they rise. But instead of unloading their fleets to

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China Car Market Returning To Growth

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SHANGHAI — Reurers reported that China’s car market will return to growth in the second half of this year due to government support, although the days of high single- or double-digit growth are over and consolidation is likely, senior automotive executives said on Tuesday.

The predictions from executives including the head of Mitsubishi Motors on the first day of the Shanghai auto show point to a vehicle market that is heading for more balanced growth, especially if the trade war with the U.S. is resolved.

Automotive sales in China contracted for the first time last year since the 1990s as a slowing economy and the trade friction between Beijing and Washington affected consumer sentiment.

Recent moves by the Chinese government to cut taxes, carmakers’ plans for new model launches as well as the hopes that the U.S.-China trade spat will soon be resolved could start to turn things around, the

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