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Showing posts with the label automotive industry

How New Automation and Technologies Are Making Cars More Expensive to Own?

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  The   automotive industr y is undergoing a significant transformation, driven by advancements in automation and various advanced safety, luxury and infotainment technologies. While these innovations offer unprecedented convenience and safety, they are also making cars more expensive to produce thus making them more expensive to own and service over long term ownership. The issue is that car manufacturers are facing a delicate balancing act: how to deliver and incorporate the advanced features customers want while keeping the vehicles competitively priced and serviceable. To achieve this, many manufacturers have resorted to cost-cutting measures in areas where customers are less likely to notice at least initially.   New Automation and Technologies     The True Cost of Advanced Features   Modern cars are equipped with a plethora of advanced features, including autonomous driving systems, sophisticated infotainment systems, and a wide array of safety techno...

What effect will Trump’s Tariffs have on car parts and cost of ownership

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  Tariffs serve as an additional tax on imported goods. The basic ideology behind using tariffs is to encourage local production by making goods that come oversees far too expensive. In theory the idea behind tariffs may seem sound and even somewhat patriotic however, it does not take under effect the fact that almost all modern manufacturing and production is part of the global supply chain and cutting out key suppliers that are able to manufacture various components and materials can have a devastating effect on the consumer and the US economy.   car parts     One of the goods that is most impacted by these new tariffs are automotive parts. Regardless if you own a   Ford   or a   Honda , regardless if your car was assembled in a US factory or abroad, we are all effected by tariffs as they have significant implications for the cost of owning and maintaining a vehicle. The parts for both domestic and foreign brands are sourced from various countries to...

What Does the Car You Drive Say About You?

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  For a lot of people, a car is more than just a mode of transportation — it’s a reflection of their personality, lifestyle and values. The type of car you drive can convey a lot about who you are and what you’re about, whether you like it or not. A car can serve multiple purposes beyond your basic transpiration. Car as a Status Symbol Certain high-end luxury and exotic vehicles can serve as a status symbol resonating the owner’s wealth and possibly status within the community. People attracted to these high-end vehicles from various Italian brands such as Maserati , Ferrari as well as German brands such as Porsche , Audi , Mercedes-Benz and BMW . The motivating factor for buying these vehicles is to convey a sense of wealth and success to others. These status symbol vehicle’s owners tend to be more concerned with vanity than with the actual vehicle brand and are not always car hobbyists and fanatics. Car You Drive   Car Hobbyists Car hobbyists are attracted to a large varie...

10 Commonly Used Car Scams to watch out for

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  Buying a used car can be a daunting experience especially for those who are new to the process. With so many scammers out there, it’s easy to get taken advantage of. But don’t worry, we’ve got your back. In this article, we’ll expose the top 10 used car scams and provide you with the inside scoop on how to avoid them. 10 Commonly Used Car Scams to watch out for   1. The Odometer Rollback You’ve probably heard of this deceptive and highly illegal practice before. Odometer rollback is the act of manipulating the vehicles odometer, most commonly to alter the total mileage the car was driven. Making the vehicle appear to have lower mileage may make the car more attractive to potential buyers and fetch a higher premium. It’s a clever trick but it’s not foolproof. Here’s how to catch them in the act: check the odometer reading on the car’s title and compare it to the reading on the odometer. Always run a VinCheckUp vehicle history report to check for last reported odometer readi...

How to Determine Vehicles yearly maintenance costs

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  As a car owner, it’s essential to budget for yearly maintenance costs to ensure your vehicle runs smoothly and efficiently. However, determining these costs can be a bit challenging, as they vary greatly depending on several factors, including the vehicle’s year, make, model and condition. In this article, we’ll explore how to estimate your vehicle’s yearly maintenance costs and provide tips on how to save money on repairs and maintenance . There are multiple reasons why yearly maintenance costs cannot be just averaged out based on some generic stats and figures. In fact, each vehicle will have its individual requirements and standards beyond what is recommended by the manufacturer. To fully understand and plan for upcoming vehicle maintenance it is vital to explore all the factors that influence your specific vehicles maintenance costs. Vehicles yearly maintenance   Factors Affecting Vehicle Maintenance Costs There are several major factors that influence the maintenance co...