WASHINGTON – After two years of painfully high prices, inflation in the United States has reached its lowest point in more than two years — three per cent in June compared with a year earlier — thanks in part to easing prices for gasoline, airline fares, used cars and groceries. The inflation figure the government…
This week’s government inflation data showed used car prices were falling and likely stabilizing to levels just above pre-pandemic pricing. It seems prices for used electric vehicles, however, are falling even faster. According to auto research firm iSeeCars.com, used EV prices are collapsing more than those in the overall used car market. In the firm’s…
How EPALFER from Portugal shortened their planning and bidding phase In 2020, EPALFER, a toolmaker based in Portugal dedicated to developing and constructing stamping tools for the automotive industry, made the decision to expand their use of AutoForm software. They wanted to include the extensive planning and bidding functionalities to improve the accuracy of their…
Some big changes are coming for used car dealerships in Ontario which may mean you can skip a visit to ServiceOntario. The Ford government announced this morning that it is expanding the online Digital Dealership Registration (DDR) system to include used cars. Now, new and used vehicle sales can be registered online by dealerships participating…
Many companies featured on Money advertise with us. Opinions are our own, but compensation and in-depth research may determine where and how companies appear. Learn more about how we make money. Used car prices have fallen from last summer’s high levels, especially for buyers in the market for a used electric vehicle. List prices for…
A Focus on the Product and Business Processes of Manufacturing Ecosystems This is part two of a three part hot forming series exploring how KIA has researched the current technologies which enable digitization in hot stamping at all business and supplier levels. In this post we see how KIA applied digital die spotting to their…
British Prime Minister Rishi Sunak said the United Kingdom “discourages” the use of cluster bombs, following President Biden’s decision to send the munitions to Ukraine. The United Kingdom is one of over 100 countries that have banned weapons under an international treaty that prohibits the use, transfer, production and stockpiling of all cluster munitions. Sunak,…
Kenyan automotive marketplace Peach Cars is announcing its $5 million seed round led by Japan-based The University of Tokyo Edge Capital Partners (UTEC) and other angel investors, including Shintaro Yamada (founder and CEO of Mercari), Peter Kenevan (VP, Head of Japan at PayPal), and Hiroaki Ohta (general partner at Japan’s Waseda University Ventures). The startup,…
Excerpted from a pre-release publication tentatively titled “Brickwalls and Barricades: The Quest for Flawless Execution of First Hit Pass Outcomes”, this article introduces actual case studies to showcase the ability to avoid forming defect failures at the stamping press through disciplined execution of the simulation and die build with proven tradecraft and capable craftsmanship. A…
Maruti Suzuki India Limited has finally launched its much-anticipated lifestyle off-roader, the Jimny, in India. The company commenced bookings during this year’s Auto Expo, and since then, it has amazed over 30,000 bookings for this SUV. Currently, the waiting period for the top-of-the-line Alpha automatic variant is around 8 months. However, if you want to…