Securing a preapproved car loan is a great way to streamline the car-buying process, giving you clarity on your budget and better negotiating power. In this guide, we'll walk you through everything you need to know about preapproval, from checking your credit score to finding the best lender and financing options at MotorVero.

Monthly car payments are the amount you owe each month to repay an auto loan. This payment includes the principal—the initial loan amount—and interest, which is what the lender charges you for borrowing the money. Other fees may also be part of your payment, such as taxes or service fees. The higher your interest rate, the higher your monthly car payment will be. Therefore, understanding all the components of your monthly payment is crucial for managing your budget effectively.

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.

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

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.

Buying a car can be an exciting yet daunting experience, especially if it’s your first time. Whether you’re purchasing a brand-new car or a pre-owned vehicle, being prepared can make all the difference. Arriving at the dealership with the right documents and tools will ensure you have a smooth and stress-free experience. Below, we cover the essentials you need to bring to a car dealership, including paperwork, trade-in requirements, financing documents, and more. MotorVero is here to guide you through each step, making the car-buying process as hassle-free as possible.

Car dealerships are dynamic businesses, thriving on multiple revenue streams beyond just new car sales. While it might appear straightforward to many car buyers, there is a complex business model at play that ensures profitability. In this in-depth exploration, we'll break down exactly how car dealerships make money and how MotorVero helps dealerships maximize their profits across various income sources.