Todays

5 Car-Buying Mistakes to Avoid in Today’s Overheated Market

By Betty C. Morrow 3 months ago

If you’re shopping for a new or used car in today’s overheated market, you’ll find that the game has changed. A variety of conditions have seemingly given sellers the upper hand.

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“Skimpy inventories and sky-high prices have caused many buyers to postpone their purchases,” says Michelle Krebs, executive analyst for Cox Automotive, a leading communication, media and automotive service company.

Postponing your purchase until the market stabilizes is the best option. But if you have to buy a car now, make sure you avoid these five common mistakes:

1. Being unprepared

This is a new car-buying environment and you may need to reset expectations. Here are the significant adjustments to be aware of before you can snag a car:

Pricing. Most buyers are paying sticker price or above, and “there is no end in sight for price increases,” says Ivan Drury, senior manager of insights for

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Kids and cars: Today’s teens in no rush to start driving

By Betty C. Morrow 6 months ago

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This August 2020 photo shows Cole Kleis standing next to a 1932 Ford Coup in front of a garage of old cars he’s been restoring with his family in Napa, Calif. Automakers are facing a challenge with the newest generation of drivers — teens of today aren’t in a hurry to get their first car let alone a drivers license. There are exceptions to the theory that teens don’t care about cars, including 20-year-old Cole Kleis of Napa, California. Kleis attends Colorado State University at Pueblo, majoring in automotive industry management. He took his first job in a dealership at age 12 cleaning cars, sweeping floors and helping in the parts department. (AP Photo/Jenna Fryer)


Jenna Fruer

AP

DETROIT

Michael Andretti has a 21-year-old son with zero interest in obtaining a driver’s license. Rideshare apps get him where he wants to go.

In New Jersey, the 16-year-old daughter of a

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Apple (AAPL) May Reveal Key Details of Its Secretive Apple Car Project at Today’s “Spring Loaded” Event, According to a Credible Source

By Betty C. Morrow 9 months ago
Apple Car

Apple Car, the iPhone manufacturer’s secretive EV program, has become the subject of a veritable frenzy as the rumor mill suggests that Apple (NASDAQ:AAPL) may reveal key aspects of its electric vehicle at the “Spring Loaded” event later today.

Bear in mind that a Korean report last week postulated that the Apple Car would be manufactured in collaboration with the joint venture between LG Electronics and Magna International (NYSE:MGA) – the LG Magna e-Powertrain. Should this collaboration materialize, it would allow Apple to better utilize its existing synergies with LG affiliates. Additionally, Apple would then be able to tap into Magna’s substantial manufacturing prowess. As a refresher, Magna already has production contracts with around 45 OEM customers, including Toyota, BMW, Honda, Hyundai, Volvo, Volkswagen (VW), and Fisker (NYSE:FSR). Recently, the company signed an agreement with the Israeli startup REE Automotive to build its

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