A few days ago, AutoTrader named its ten best electric cars for 2021. While most of the vehicles on the list are good electric vehicles, there’s one notable manufacturer which is completely absent from the list. Before I get to which company was missing and discuss that further, let’s look … [continued]
AutoTrader recently announced that Tesla’s Model 3 is its pick for the New Car of the Year for 2020. Its “New Car Awards” is an awards ceremony that heaps praise on car manufacturers for excellence in products released throughout the year.
Amid the financial fallout from the COVID-19 pandemic, most of us have hardly had time to consider the effects of another economic H-bomb that went off around the same time: the collapse of oil prices.
Rivian has brought another giant investor on board today with the announcement that Cox Automotive is injecting $350 million as an equity investment. The investment opens the doors for the two companies to work together in service operations, logistics, and digital retailing, according to the press release announcing the deal.
There are 40 times as many new BMW 3 Series for sale used and 30 times as many Audi A4s as Tesla Model 3s as a ratio of 2018 new car sales. Tesla kicks butt in the used car division too.
As Tesla’s Model 3 continues to gain market share, legacy automakers face some daunting decisions. Bloomberg warns, “The future of the auto industry is going to look like the history of the cell phone … some of today’s dominant car companies will share the fate of a few former titans of the smartphone. Remember BlackBerry, Nokia, and Palm?”
