Porsche reports that its global car sales increased during the first quarter of 2023 by 18 percent year-over-year to 80,767. The German manufacturer is pleased that growth was noted in every sales region. However, when it comes to all-electric cars, Porsche could not improve upon last year’s results. In Q1 2023, Porsche Taycan sales (all […]

Honing their used-vehicle operations proved critical again last year for franchised dealership groups contending with slightly improved but not fully recovered new-vehicle production. Cavender Auto Family, of San Antonio, didn’t get nearly enough new cars to sell in 2022, CFO Jon Briggs said. But adding five franchised dealerships last May and December in Oklahoma —

Chevrolet Corvette E-Ray No. 1 will be Corvette No. 122 for dealer Rick Hendrick. Hendrick paid $1.1 million to buy the first-ever electrified Corvette at the Barrett-Jackson auction in Palm Beach, Fla., this month. It’s only the latest in a string of seven-figure Corvette VIN 001 acquisitions for the 73-year-old collector. In 2022, Hendrick bought

Used-car retailer CarMax this year started showing consumers the level of financing they qualify for before they start their online car shopping. The new feature means shoppers using carmax.com and CarMax’s app will know within minutes their specific payment terms and annual percentage rate for used cars in the company’s national inventory. This gives them

No matter the generation or spec, the MX-5 (Miata) has proven itself as a worthy contender in the sports car category. Introduced in 1989, the MX-5 was a relatively tiny little convertible, boasting less than impressive performance figures and a “cute face”. The car may have been difficult to take seriously at first, but it

Chinese EV giant NIO plans on building on its initial Europe success with a new lineup of affordable compact cars. However, given NIO’s premium status they will be sold under a different brand name. A budget friendly sub-brand, codenamed Firefly, is currently in development and will be launched in 2024. The Firefly brand’s first model

Tesla, the world’s largest electric car manufacturer, officially confirmed that its potential annual output increased to more than 2 million electric vehicles annually (up 100,000 compared to the previous quarter). During the first quarter of 2023, the company produced a record number of 440,808 electric cars (up 44 percent year-over-year) and sold a record number

While both synthetic fuel and fossil fuel are burnt by a combustion engine in an identical process, they’re manufactured very differently. Gasoline is made by refining oil, whereas an e-fuel like the one made by Porsche is manufactured by harnessing carbon dioxide from the atmosphere using electrolysis. There’s a lot more to it than that,