January 2020

Tips on how to lower the cost of auto insurance

(January 10, 2020) LOS ANGELES —Compare Auto Insurance has launched a new blog post that presents several tips for drivers that want to pay cheaper car insurance. Car insurance is getting more expensive with each year that passes. In order to keep the car insurance costs under control, or even lower them. The web site offers drivers several tips they can follow to keep costs at a minimum.

Goodbye Mr. Ghosn, hello Carlos

By Christopher A. Sawyer
The Virtual Driver

(January 9, 2020) I was never a fan of Carlos Ghosn for two reasons. I had a hard time stomaching the insistence that he be referred to as “Mr. Ghosn” instead of by his given name, and didn't buy the more “magical” elements of the Nissan-Renault Alliance that sounded like a mash-up of psychology and business school jargon wrapped in a Hallmark Channel movie.

Nissan Leaf Plus models ease issue of range anxiety in EVs

By Paul Borden
MotorwayAmerica.com

(January 8, 2020) It doesn’t rank up in medical history with the discovery of penicillin or the development of the polio vaccine, but Nissan has found a remedy for a common complaint of owners of all-electric vehicles — range anxiety.

I remember when a few years ago I was sent a Nissan Leaf for week. Much of my time was spent calculating how far away it was that I wanted to go and if I would have enough charge to get back home later.

National gas price average holds steady amid tensions with Iran

(January 7, 2020) The national gas price average held steady on the week at $2.58, but that could change depending on the movement of crude oil prices due to geopolitical concerns. Following airstrikes in Baghdad last Friday, which killed Iran’s Major General Qassem Soleimani, crude oil prices increased, causing market speculation about what could happen to gas prices in the near-term.

Edmunds: Average new auto loan interest rate hits 22-month low

(January 6, 2020) SANTA MONICA, Calif. — The car shopping experts at Edmunds say the average interest rate for a new vehicle loan fell for the third month in a row in December, dropping to its lowest point since February 2018. The annual percentage rate (APR) on new financed vehicles averaged 5.4% in December, compared to 5.5% in November and 5.9% in December of 2018.

Edmunds data reveals that 22.4% of shoppers who financed their vehicle purchases in December got an interest rate below 3%, compared to 20.4% of those who financed purchases in December 2018.

How the special driving character of a Mercedes-Benz is created

(January 6, 2020) SINDELFINGEN, Germany — A vehicle is driving on a country road on a cold, dull December morning. The road surface leaves a lot to be desired, and potholes and ruts make for uneven road conditions. The driver does not notice any of this. He effortlessly steers the vehicle along the route and through sharp bends. Even an obstacle which suddenly appears is effortlessly avoided by the vehicle, without setting the driver's pulse racing too much.

GasBuddy predicts 2 percent overall drop in gasoline prices in 2020

(January 5, 2020) BOSTON — GasBuddy predicts that 2020 will feature a yearly national average of $2.60 per gallon, representing a 2 cent drop versus 2019, but warns that the national average will rise as much as 75 cents per gallon from a low in February until an eventual peak in May, leading to localized gas price hotspots that could lead unsuspecting motorists to pay as much as 15-50 cents more per gallon than competitors.

Average new-vehicle prices up nearly 2 percent year-over-year

(January 3, 2020) IRVINE, Calif., Jan. 3, 2020 /PRNewswire/ -- The valuation analysts at Kelley Blue Book today reported the estimated average transaction price for a light vehicle in the United States was $38,948 in December 2019. New-vehicle prices increased $656 (up 1.7%) from December 2018, while falling $80 (down 0.2%) from last month.  

BWM touts its i3 all-electric vehicle six years after launch

(January 2, 2020) MUNICH, Germany — Trailblazer for sustainable mobility and endurance runner — within the six years following its launch, the BMW i3 has become an extremely successful model and a symbol of electric mobility. Since its market launch, it has been the most widely sold electric vehicle in the premium compact segment.

More than 165,000 units have been sold worldwide to date. And since the car’s launch, sales figures have steadily increased year after year.