REVEALED: 6 - The Real Truth

2 Auto Stocks to Tap the Breaks on Until Further Notice

The rising rates and high prices are hampering sales. Moreover, supply chain issues are still a concern in the auto industry. So, fundamentally weak auto stocks Lucid Group (LCID) and Mullen Automotive (MULN) might be best avoided now. Keep reading….

StockNews.com · Dec 16, 2022

Auto review: 2022 Chevrolet Bolt EUV proves that Kermit the Frog was wrong

Many car buyers are considering electric vehicles, or EVs, for the first time and they’re facing more choices than ever. They are also facing sky-high prices. The average transaction price of an EV in July was $66,000 according to Cox Automotive. That makes the price of the Chevrolet EUV, a…

Tribune News Service · Aug 19, 2022

EXCLUSIVE: Michelle Krebs Of Cox Automotive Says 'If An Economic Recession Hits The US, Vehicle Sales Are Not Going To Be Affected Much'

The average price of a new automobile sold in America in June was $48,043, according to Kelly Blue Book, a Cox Automotive company. This is the highest average price ever and the first time it has been above the $48,000 mark.

Benzinga · Jul 19, 2022

How shoppers are shifting spending amid decades-high inflation

Consumers are cutting back on durable goods as energy and food costs cut into budgets.

Axios · Jun 15, 2022

Ford reports 4.5% year-over-year sales decline in May amid industrywide drop

Amid a broader industry drop in auto sales for the month of May, Ford Motor Co. on Thursday reported that it sold 154,461 vehicles in the U.S. last month — down 4.5% from May 2021.

Tribune News Service · Jun 2, 2022

Car buyers balk at monthly fees for add-on features

GM predicts the average buyer will spend $135 each month on add-on features, but it could face resistance.

Axios · May 2, 2022

Modest-income buyers being priced out of new-vehicle market

Two years after the pandemic tore through the economy, America’s auto market looks something like this: Prices are drastically up

The Independent UK · Apr 15, 2022

Toyota poised for sales victory lap as gas prices boost hybrids

When Ian Campbell’s wife got rear-ended in her Honda HR-V last month, the Atlanta couple were thrust back into the new-car market — just as gasoline prices surged to more than $4 a gallon.

Tribune News Service · Mar 31, 2022