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Recurrent Auto and Black Book launch EV-centric valuation system for used cars

Teslarati

Recurrent Auto is now offering a program that could very well be the future of valuation for used Tesla models and electric vehicles. A major problem for used electric car buyers is that current valuation systems are designed around ICE vehicles; how often has the vehicle received an oil change? Credit: Tesla.

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2023 Detroit Auto Show Recap – Where Have All the Cars Gone?

The Truth About Cars

The press day at the 2023 Detroit Auto Show was so quiet that I ended my day two states away – sleeping in my own bed in Chicago. My initial hotel reservation was for two nights, but as early as last week I knew I’d be booking it west on I-94 after lunchtime. I believe as long as people can buy cars, they will pay to attend auto shows.

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Teslas are worth longer term auto loans, study finds

Teslarati

Car buyers who ultimately end up purchasing Tesla electric vehicles end up having the longest average auto term loans, a new study from LendingTree says. LendingTree surveyed over 29,000 auto loans spanning over three years to conclude that Tesla drivers are applying and receiving the longest term loans. months, Kia at 64.8

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Report: Wholesale Used Car Prices Decline Slightly

The Truth About Cars

According to Automotive News , Black Book likewise reported that “ higher than typical seasonal wholesale price depreciation resumed ” in the first week of November. However, Cox and Black Book suggested that the UAW strike's end probably played a meaningful role. Image: Gretchen Gunda Enger/Shutterstock] Become a& TTAC insider.

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Auto lenders worry worsening economic system may manage to extra fraud

Baua Electric

Auto lenders polled via synthetic insigt and information supplier Level Predictive for its 2023 Auto Lending Fraud Survey worry worsening financial situations may push mortgage fraud and defaults upper this while. Pay stub forgery continues to be a illness for auto lenders, the vast majority of whom mentioned they imagine up to 10 p.c

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Uber India posts 54% increase in FY23 revenue – ET Auto

Baua Electric

In FY22, revenue from ride-hailing — four-wheelers, auto rickshaws and bike-taxis — grew 30%. UISPL gets its revenue from multiple sources including service fees from users and drivers, through car advertisements and support services to its global parent. Uber’s biggest rival, Ola, has yet to report its financials for fiscal 2023.

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Interview: Rajesh Jejurikar, Executive Director and CEO (Auto and Farm Sector), Mahindra & Mahindra | Autocar Professional

Baua Electric

The booking for the Thar four-wheel drive continues to remain strong and it has gone back to its earlier level, the rear wheel drive has got new customers, that is what is keeping the booking pipeline going for Thar. They are different and they are not cannibalising, that is why we are seeing the Scorpio booking numbers grow.

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