Industry Insights

Looking to improve your credit score while getting a new car? Financing a vehicle can be a practical way to build your credit if done correctly. Learn how a car loan can impact your credit score and the strategies to leverage it for long-term benefits.

The automotive market is undergoing a major shift as new-car prices dip, largely driven by surplus inventory in select brands. Jeep, Ram, Dodge, and Chrysler, all Stellantis brands, have seen notable inventory increases, which directly influenced their pricing strategies. In September 2024, these brands held an average of 131 days of unsold inventory, significantly higher than the market average of 72 days.

As car prices remain high despite a slight cooling from record levels, many drivers are turning to older used cars to meet their needs. However, the question arises: how old is too old when it comes to buying a used car? While there are no definitive rules for the age of a reliable vehicle, there are key factors to weigh before making a decision. This comprehensive guide will help you navigate the nuances of buying an older used car, ensuring your choice remains safe, cost-effective, and suitable for your needs.

Industrial production in March 2024 recorded an increase of 0.4%, aligning with market expectations and driven primarily by a significant rise in manufacturing output. Utility production, which grew by 2%, and mining, which declined by 1.4%, effectively balanced each other. February’s production growth was also revised upwards, from 0.1% to 0.4%, indicating stronger momentum in early 2024.

In a groundbreaking move to accelerate electric mobility, Mercedes-Benz has partnered with PowerX to establish a high-power electric vehicle (EV) charging network across Japan. This strategic partnership aims to address the growing demand for EV charging infrastructure, contributing significantly to the expansion of electric mobility solutions and promoting sustainability.

The 2022 Honda Insight is a fuel-efficient, hybrid-powered compact sedan that comfortably seats five passengers. Based on the popular Honda Civic, it offers a smooth driving experience and impressive fuel economy—up to 55 mpg on the highway. Competing with the likes of the Toyota Prius, Toyota Corolla Hybrid, Kia Niro, and Hyundai Ioniq, the Insight holds its own by offering classic Honda reliability, stylish looks, and a feature-rich package

If you’re wondering how to get EV credits at tax time, you’ve come to the right place! This guide will help you navigate the complexities of electric vehicle (EV) tax credits, covering the past, present, and future of these incentives. With the growing push for clean energy and sustainable transportation, understanding how to take advantage of tax credits can make a significant financial difference for EV buyers.