Here's the Thing

Auto sales forecast — April will be off 23% compared to 2021

(April 27, 2022) New-vehicle retail sales for April are expected to decline when compared with April 2021, according to a joint forecast from J.D. Power and LMC Automotive. Retail sales of new vehicles this month are expected to reach 1,076,200 units, a 23% decrease compared with April 2021 when adjusted for selling days. April 2022 has one more selling day compared to April 2021. Comparing the same sales volume without adjusting for the number of selling days translates to a decrease of 20.9% from 2021.

Gas prices edge higher on oil market volatility

(April 26, 2022) WASHINGTON, D.C.  — The recent dip in pump prices has reversed, with the national average for a gallon of regular gas rising four cents over the past week to $4.12. Upward pricing pressure on concerns that less Russian oil will enter the global market is countered by fears of a COVID-induced economic slowdown in China, the world’s leading oil consumer. These opposing forces are causing the oil price to hover around $100 a barrel.

Ford funds stream restoration at University of Tennessee’s Lone Oaks Farm

(April 23, 2022) MEMPHIS, Tenn. — At the 2022 Memphis International Auto Show, Ford  and the University of Tennessee Institute of Agriculture announced an historic agreement that will propel economic development, education, and conservation throughout the mid-south. The two have signed a stream mitigation and restoration agreement that will restore the stream waters flowing through the University’s Lone Oaks Farm.

Toyota’s new Corolla Crossover — What took you so long?

By Jim Prueter

(April 22, 2022) For over 50 years, one of the most well-known and popular new car choices has been the reliable Toyota Corolla. Now, for 2022, Toyota has an all-new option for shoppers, extending the Corolla brand with the small, fuel-efficient Corolla Cross crossover that slots neatly between the smaller and quirky Toyota C-HR and the larger, best-selling RAV4. It will be available in front-wheel and all-wheel drive versions.

2022 Mazda CX-30 – Here’s why we absolutely love this vehicle

By Jim Prueter

(April 21, 2021) Based on the Mazda3, the sub-compact CX-30 tested here slots just below the larger CX-5 and the smaller CX-3 that was discontinued for the 2022 model year. Its stylish exterior design and premium interior cabin renders the CX-30 a close competitor to subcompact luxury crossovers such as the Audi Q3, BMW X1 and Mercedes GLA, but for thousands of dollars less.

Autotrader names 10 Best Electric Vehicles for 2022

(April 20, 2022) ATLANTA — In an industry that boasts more than 300 new-car models available to the public each year, perhaps nothing has more radically changed the face of automotive than the rapid rise in production and popularity of electric cars. Fueled by both environmental and economic pressures, automakers have overhauled their lineups to include more and more electric vehicles (EVs) with each passing year.

BMW 2-Series takes role as gateway to luxury automotive class

By Pul Borden

(April 19, 2022) For years, decades even, BMW’s 3-Series served for many as an introduction to the luxury automotive segment. Its popularity even led to a nickname for its competitors: BMW fighter. But after reaching six figures in U.S. sales in 2001 and hitting that mark in 13 of the next 16 years, U.S. sales of the 3-Series have failed to reach even 50,000 over the last four years, falling from 72,290 in 2016 to less than 40,000 for the Covid year of 2020 to 49,458 in 2021.

Pump prices stabilize as demand and oil costs rebound

(April 19, 2022) WASHINGTON, D.C.  — The slide in gas prices slowed to a crawl over concerns about increased global oil prices and the return of seasonal domestic gas demands. The war in Ukraine and fear of less Russian oil entering the market caused the price of crude to creep back above $100 a barrel. Meanwhile, as more places in the U.S. see pump prices fall below $4 a gallon, demand is ticking back up. Domestically, the national average for a gallon of gas has fallen to $4.08.

Six reasons why proper vehicle maintenance is important

Tips from Toyota

(April 16, 2022) Keeping your vehicle well maintained is one of the best things that can be done to help keep it on the road for years to come. Many drivers might not realize the impact regular maintenance can make on the longevity and performance of their vehicles. Outside of oil changes and checking tire tread, there are a lot of things a trained mechanic will know to look for that could otherwise go unnoticed. So, this National Car Care Month, drivers should schedule that service appointment they may have been putting off.

Consumers finding some relief at the pump

(April 12, 2022) WASHINGTON, D.C.  — The cost of gasoline has continued to slide due to falling oil prices. The global oil market has seen lower prices since the U.S. and its allies agreed to significant releases of oil reserves. Also weighing down oil prices is the fear of resurgent COVID-19 infections in China and its potential for an economic slowdown in one of the world’s largest oil-consuming nations. Domestically, the national average for a gallon of gas has fallen to $4.11.