All Posts in About Automotive

|In: About Automotive|Last Updated:
Used-Car Sales Expectations in 2023

If you are looking for information about what used-car sales are expected to be like in 2023, there are several key factors to consider. One is that interest rates are going to be quite high, especially when compared to new cars. This will mean that the prices of both new and used cars are going to decline, though only slightly. The other key factor is that demand for luxury pre-owned cars is expected to drive growth in this market segment.

Prices will decline by 2.5% to 5% for new cars

In 2023, car prices are predicted to fall by 2.5% to 5%, according to the latest J.P. Morgan research. This is a significant drop and will mean more revenue opportunities for auto service departments and parts departments. Despite this, some experts are skeptical.

Car dealers will still have to face higher input costs, and fewer new models will be available to sell. However, many buyers will benefit from the drop in price. According to Sam Fiorani, vice president of global vehicle forecasting at AutoForecast Solutions, “pent-up demand is real.”

The supply chain for the auto industry was hit hard by the global pandemic. Prices for new vehicles spiked, putting pressure on used cars. Disruptions to the supply chain created a supply shortage, which led to price increases for new cars.

This prompted the auto industry to consider ways to limit production. As a result, the used-vehicle wholesale price index has dropped 15% in the last two months.

Fortunately, these disruptions are expected to ease in the future. While the supply chain will continue to be shaky, the chip shortage will eventually resolve.

In 2023, new car sales should decline, while used car prices are projected to decrease even further. Traditionally, cheaper options have increased as consumers demand affordable vehicles.

Demand

…
Read More

|In: About Automotive|Last Updated:
Auto Sales Forecast 2023

If you’re planning on buying a car in the next couple of years, you might be interested in what the auto sales forecast says. Fortunately, you can easily find out. Here’s a quick overview of some of the major car manufacturers, including Ford, Toyota, and Honda. Also, you’ll find out how the sales numbers for these vehicles compare with the rest of the market.

General Motors

The General Motors auto sales forecast for 2023 shows continued growth as GM regains the top sales position from Toyota. This is the first time GM has held the number one spot since 1931.

Sales rose in the fourth quarter as production rebounded. GM’s sales were boosted by pickups and SUVs. But the overall market was hampered by a supply shortage.

In the fourth quarter, GM delivered 623,261 vehicles. That was 41 percent more than the third quarter. Overall, GM sold 2.27 million vehicles in the U.S. Last year, GM reclaimed the title from Toyota.

A full-blown recession would have a profound impact on auto sales. During a recession, lower-income borrowers tend to leave the new vehicle segment. However, during the recent recovery, demand for new cars has remained strong.

Honda

The American Honda Automobile Corporation provided an outlook on the U.S. automobile business for 2023. In the third quarter, the company expects a healthy increase in sales.

American Honda will expand its mobility products, including EVs, in order to move toward an electrified future. Additionally, the company will establish a digital services business unit.

Honda has a full line of vehicles, including the Accord, Civic, HR-V, Ridgeline pickup, and Odyssey minivan. It also offers electrified vehicles, such as the Pilot, CR-V, and Civic hybrid.

However, the auto industry is now in a new era, and the supply and demand of cars and trucks …

Read More

|In: Automobile|Last Updated:
When is The Right Time to Purchase a Boat

When it comes to purchasing a boat, timing is everything. You need to take into account the time of year, the weather, your budget, and your own personal schedule. Here are a few things to keep in mind when trying to decide when the right time to purchase a boat is. 

Types of boats: List the different types of boats. 

There are many types of boats for sale, from small personal watercraft to large yachts. Used boats for sale can be a great deal, but there are a few things to keep in mind. First, decide what type of boat you want and what you will use it for. Fishing boats, for example, are different from pleasure boats. 

Weather 

If you live in an area with four distinct seasons, you may want to wait until summer or fall to buy a boat. Also, think about how often you’ll actually use the boat. If you only plan on taking it out a few times per year, it might not be worth the investment. But if you’re an avid fisherman or love spending weekends on the water, a boat could be a great addition to your life. 

Boat size 

Another consideration is the size of the boat. If you are only going to be using it for cruising, then you may not need a large boat. But if you plan on doing some fishing as well, then you will need something that is big enough to accommodate all your gear. You also need to think about how many people will be using the boat at one time. 

Cost: How much does a boat cost?  

As boating season approaches, many people begin to dream of owning their own vessel. For some, this is a longtime goal finally within reach. For others, it …

Read More

|In: About Automotive|Last Updated:
What You Need to Know About General Car Insurance

If you are looking for general car insurance, there are many things that you need to consider. You want to make sure that the company you choose is reputable and that you will get a good deal. There are some things to look for in a company, such as customer service and the amount of coverage they provide. Then there are also other important features that you will want to be aware of.

Low rates for high-risk drivers

There are many factors that determine the cost of general car insurance. Whether you are a high-risk driver or not, it is important to shop around for the best price. Getting a quote from a few different companies is a great way to find out what is the cheapest policy for you.

The type of vehicle you drive plays a major part in the cost of your premium. Sports cars tend to be more expensive. You can lower your costs by choosing a higher deductible and sticking to the minimum liability requirements of your state.

Choosing an insurer with good service and plenty of coverage options is important. A company that offers discounts for things like paying the policy in full and having prior coverage is also a good sign.

Uninsured motorist bodily injury protection

If you are hit by an uninsured motorist, you are likely to have several medical expenses and damage to your vehicle. Uninsured motorist bodily injury protection is designed to fill the gaps between these costs. It can cover lost wages, medical costs, funeral expenses, and more.

In most states, drivers must have some form of liability coverage. These policies protect drivers and passengers against third-party claims. They also cover property damage, including repairs to your car. Some states allow the purchase of supplemental underinsured motorist (UMP) coverage. …

Read More

|In: About Automotive|Last Updated:
Advance Auto Parts Review

Advance Auto Parts is one of the oldest and most reputable auto parts retailers in the United States. It is based out of the Dallas, Texas area, but it offers a wide range of services and products for all makes and models. It is open seven days a week and offers free in-store services.

Open seven days a week

Advance Auto Parts is a leading automotive aftermarket parts and accessories provider with nearly 5,000 stores across the U.S. and Canada. It offers a full line of high-quality aftermarket parts, accessories and services to do-it-yourselfers, professional installers and importers.

The company has been around for decades. Advance opened its first store in 1932, and has since grown into one of the largest chains in the industry. In addition to providing top-of-the-line auto parts and accessories, it also offers a wide variety of imported cars and sport utility vehicles.

Although the company does not release an official hourly schedule, many of its locations do have limited hours during the holiday period. For example, Advance is opening a new store in Rocky Point in late April. If you’re planning on visiting, make sure you call ahead. This will save you time and money.

Offers free in-store services

Whether you are looking to change your battery or replace your brake pads, Advance Auto Parts has got you covered. This top-of-the-line retailer has what you need to get your engine spooling again. And don’t forget to check out the free in- store services.

The company operates over 4,800 retail locations in the U.S., Mexico and the Caribbean. They are the undisputed leader in the auto aftermarket parts business. Not only does they carry a hefty selection of the latest auto parts, but they also provide a wide array of tools, accessories, and services to keep …

Read More