A world microchip shortage means there are fewer new vehicles on the market. As a end result, fewer individuals are eliminating older automobiles, so we now have a system-wide vehicle scarcity and costs are up. This week, Ford’s smallest truck, the Maverick, delivered in a big way with an EPA-official forty two metropolis mpg for the hybrid. Also sizable was Land Rover’s blurry teasing of its all-new Range Rover ahead of subsequent week’s reveal. This week, the Los Angeles Auto Show is taking place, giving manufacturers like Hyundai a global platform to indicate off. The South Korean automaker has a lot to brag about late in 2021, and amongst its wares at this year’s show is a new all-electric SUV idea called Seven.
Even with elevated trade-in values, the typical month-to-month finance payment is on tempo to hit a report high of $658 for the month of March, up $73 …