Car Gear, Tools, and More

Car Gear, Tools, and More

Prime Day, Amazon’s annual two-day shopping event, is famous for offering major discounts across all categories—and that includes automotive accessories, garage gear, tools, and more for the car and truck enthusiast. Prime Day 2023 takes place on Tuesday and Wednesday, July 11-12. There is a slew of automotive products, tools, and car gear deals you…

Mullen Automotive gives updates on EV deals, factories

Mullen Automotive gives updates on EV deals, factories

Mullen Automotive Inc. MULN, -1.57% gave a business update before market open Monday, with the electric vehicle maker providing details of its latest factory developments and a recently announced $15.8 million contract with MGT Lease Company. The fleet sales and leasing provider took delivery of Mullen’s EV Cargo Vans earlier this year. “The company afterward…

Car loan costs surge pressures manufacturers to reinstate discounts

Car loan costs surge pressures manufacturers to reinstate discounts

Rising borrowing costs exacerbated by recent turmoil in the banking sector have sidelined some buyers in the US new car market, putting pressure on manufacturers to discount vehicles. Cars have become increasingly unaffordable after shortages over the past two years forced consumers to pay at or above sticker prices. The Federal Reserve’s efforts to curb…

New EV Affordability Improving But Used Deals May Be Tough To Find

New EV Affordability Improving But Used Deals May Be Tough To Find

New studies show electric vehicles are becoming more affordable as their US market share grows. getty Sales of electric vehicles are expected to reach historic highs this year in large part because they’re becoming more affordable according to a new study released this week. But shoppers who are interested in an EV but still can’t…