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Showing posts with the label cars market

Is paying more for a Certified Pre-Owned (CPO) Vehicle really worth it?

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Certified Pre-Owned (CPO) Vehicle  In the recent years we have seen a shift in the  used car market   . It appears that consumers are showing more interest in certified pre-owned vehicles. Certified preowned vehicles may offer some additional assurance of quality through the use of extensive pre purchase inspections, maintenance and extended warranties. However, CPO vehicles will typically be sold at a higher price than its non-CPO alternate.    In this article we will explore all of the pros and cons of buying a “Certified Pre-Owned vehicle and assist you in determining if buying CPO is right for you?”   Pros of Certified Pre-Owned Cars:   1.  Peace of Mind:  The primary advantage of buying a CPO car tends to be the peace of mind they offer. Most CPO vehicle undergo an extensive inspection and refurbishment process by a manufacturer certified facility. During this service the vehicle undergoes regular service along with all necessary repairs...

Conventional vs Synthetic Oil What you need to know before your next oil change

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Conventional vs Synthetic Oil The choice between conventional and synthetic oil has long been a topic of discussion among   car   owners, each option having its own set of advantages and considerations. To know what options is best for you and your vehicle you must first understand the differences between the two lubricants as well as your specific vehicle manufacturer recommended   maintenance   and procedures. This information is vital to ensure reliable engine health and performance for years to come.   Conventional Oil:   Composition:  Conventional oil is derived directly from crude oil and is then refined. It contains a mixture of hydrocarbons and various detergents and additives to enhance its properties.   Performance:  While conventional oil provides adequate lubrication, its performance might degrade under extreme conditions. It tends to break down faster at high temperatures, leading to a shorter lifespan. Generally, when utilizing ...

Comparing EV to gas powered vehicles

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  Comparing EV to gas powered vehicles When cross shopping   fuel efficient   conventional internal combustion vehicles and   Electric Vehicles   there are a few things you must consider. We have compiled 7 things you must consider prior to making your decision.   Vehicle Practicality is crucial, as the vehicle needs to be functional and align with your needs and lifestyle. One key consideration when selecting an electric vehicle revolves around your intended usage, particularly the distance of your daily commute. People that have longer daily commutes may experience anxiety worrying about the electric vehicles limited driving range. Running out of battery power before reaching a charging station, particularly during longer journeys is a real concern. Undoubtedly, range anxiety significantly influences people's decisions when considering the purchase of an electric car. Nevertheless, it should not be the only measure used to evaluate the practicality of the...

Electric Vehicle Market Share Increases Worldwide

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Electric Vehicle Market Share Increases Worldwide As we are heading towards the end of the 2023 year, we are seeing a worldwide shift in the automotive industry. Vehicle electrification is here to stay. As the sale of electric vehicle is projected to, grow over 40% year-over-year we are going to see more and more electric vehicles on the road and dealership lots.   Although the automotive industry experienced a momentary dip during the beginning of covid in 2019 it did undergo an immediate expansion just the year after.     The IEA estimates that global EV sales exceeded 3 million units in 2020. That’s over 4% of global vehicle sales and that number is expected to climb.   In fact, the 2020 electric  car  sales surpassed expectations, by having the largest electric vehicle adoption rate in history. More and more people are leaving the conventional internal combustion vehicles for the more modern and electric alternatives.   Both t...