Vehicle foyer group warns gas-efficiency requirements would increase car price ranges

The Alliance for Automotive Innovation, a lobby group symbolizing big U.S. automakers, like the Detroit-A few, has submitted a new problem to the National Highway Targeted traffic Security Administration’s advised fuel-effectiveness standards.

If handed, the new coverage, titled the Company Regular Gasoline Economic system (CAFE) proposal, would tighten emissions standards on a yearly basis: 2% for passenger motor vehicles and 4% for SUVs and pickups. Last thirty day period, the alliance argued that the automotive sector would undergo heavy fiscal losses under these principles, estimating that the fines by itself would expense far more than $14 billion by 2032. Now, the group is warning that the NHTSA’s fuel-performance prosal would elevate auto selling prices as a lot as $3,000 in considerably less than a ten years “with unquestionably no environmental or gas personal savings gains.”

Whilst the agency has but to publicly reply, in preceding statements, it has famous that automakers could stay clear of fines by offering extra electric motor vehicles, offsetting emissions from revenue of fuel-powered designs. The goal of the CAFE invoice is related to that of the California Air Assets Board (CARB), which seeks to finish income of inner combustion motor vehicles by 2035 (excluding hybrids). By tightening fuel-effectiveness requirements and fining companies for non-compliance, condition and federal governments can area further tension on the automotive field to speed up the EV changeover.

The Biden Administration is also incentivizing electrification in the kind of tax credits, which are only obtainable to brands that make their motor vehicles on U.S. soil with products sourced from American suppliers and select trade partners. As this sort of, there is minimal purpose for the NHTSA to consider serious take note of the alliance’s new arguments.

Despite the fact that the automotive sector has broadly lent its aid to a zero-emission potential, the pace of this transformation proceeds to be a sticking issue for business insiders, including workers, dealers, brands, suppliers and executives. Yet, it looks unlikely that the field can resist bigger fuel-effectiveness specifications in perpetuity. The dilemma of climate alter is not a small business difficulty but alternatively a social situation, 1 which a growing greater part of Us residents consider critically. Given that automakers have had significant time to address vehicle emissions but have failed to do so, it is hardly shocking for lawmakers and regulators to power their hand.

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United Vehicle Personnel strike could generate up new and applied automobile price ranges, lead to components scarcity

If the car staff strike continues for a pair months, it could pressure the provide of well-known cars and rapidly travel up vehicle and truck costs.

Whilst it really is nonetheless too early to inform how very long the strike will very last and how several car vegetation will be influenced, shoppers are previously involved about how the get the job done stoppages will have an affect on their capability to buy a new or used motor vehicle, or mend one particular they previously individual. 

“Customers are unquestionably having jittery questioning what to do. It’s a anxious time for them, and I do not know if they comprehend that the major issue will be parts,” Tom Maoli, a Ford dealership proprietor in New Jersey, explained to CBS MoneyWatch. “That usually means tires, breaks, something you need to have to modify and hold your auto jogging.” 

If the strike resolves around the study course of the future few times, the effects on sellers and individuals will be nominal, according to industry experts. 

Biden preserving shut look at on UAW strike


60 days of stock

The Huge Three automakers — Ford, GM, Ford and Stellantis — whose workers are on strike, grew their inventories in August in anticipation of a prospective employee strike. They have about 50 to 60 days’ really worth of stock on hand, according to Cox Automotive, a resource of vehicle industry facts. 

Sellers are also at ease with the volume of autos on their lots, a modern survey measuring vendor sentiment from Cox Automotive found.

This time a calendar year in the past, dealerships claimed stock concerns ended up the top aspect keeping again their firms. This calendar year it ranks significantly lower. “Currently, they are significantly much more worried about curiosity prices, the financial state all round and automobile affordability,” Cox Automotive spokesperson Mark Schirmer told CBS MoneyWatch. 

“Dealerships have adequate stock to satisfy consumer demand, for the time staying,” he included. 

UAW probable to see more calls for achieved amid strike, previous spokesperson states


Price hikes

Maoli, the Ford dealership proprietor, stated if the strike carries on for two weeks, he’ll begin to sense the pinch, and would expect to hike costs by up to 20%. 

“Inventories on tons of dealerships will start drying up as they get bought and there will not likely be ample cars to go all around,” he stated. 

Jessica Caldwell, executive director of insights at Edmunds, a supply of automotive details, agrees the critical to analyzing the strike’s consequences on automobile costs will be its length. If it endures, cars and trucks will begin selling at or over their listing selling prices, or manufacturer’s suggested retail selling prices (MSRPs).

“Proper now it’s pretty constrained, but it his hitting people at a time when it can be been tough for a lengthy period of time of time,” she stated. Interest fees are significant and prices on utilized motor vehicles are up, “so there are not a ton of

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Is Mullen way too inexpensive or a price lure?

2023-07-10 13:05:00 ET


The automotive business is a complicated one, as evidenced by some of the most significant bankruptcies in the sector. For instance, Typical Motors (


) and Chrysler submitted for individual bankruptcy for the duration of the 2008 fiscal disaster.

Most not long ago,

electric powered vehicle

providers like Lordstown Motors and ELMS submitted for bankruptcy. And in China, analysts at AlixPartners believe that that only 30 EV providers of the 167 corporations will


in the extensive term.

Mullen Automotive is at significant dangers

Mullen Automotive (


) stock value has been in a freefall, leaving the enterprise a shell of its former self. The firm’s whole sector cap has dropped to about $46 million. At its peak, the organization was valued at in excess of $700 million.

Its latest industry cap is a lot lesser than the $148 million it put in to purchase Bollinger Motors in 2022. It is also reduced than the $240 million that the company obtained Electric Mile Last Remedies (ELMS).

Most importantly, its marketplace cap is lower than the $60.3 million funds that the organization finished past quarter with. This implies that investors imagine that the corporation has no value due to the fact it is burning tens of millions of dollars each quarter. In the most latest quarter, Mullen Automotive recorded a $114 million net loss.

For that reason, even though Mullen Automotive has began manufacturing, there is a probability that the firm will experience big losses in the potential. For instance, a rapid look at EV providers like Rivian and Lucid exhibits that they have made sizeable losses right after they started out production.

As this kind of, it is questionable why the corporation determined to


its inventory by about $235 million. While share buybacks are always welcome, I think that this a single was a bit questionable considering that its funds are nevertheless slim. In June, the organization mentioned that it had sufficient dollars to past for about 12 months. At the time, the firm explained that it experienced $135 million in cash.

Enjoy right here:

MULN stock selling price forecast

MULN chart by TradingView

In Might, I


that Lordstown Motors would file for individual bankruptcy soon. This prediction was correct as the business filed two months back. I also


that Mullen could be the up coming a person to go burst.

Turning to the day by day chart, we see that the Mullen Automotive share price tag has been in a solid bearish pattern in the previous number of months. Bearish volume has also jumped in the two months. At the similar time, the shares have moved under the vital aid at $4.50, the most affordable position considering the fact that December previous yr.

Mullen Automotive continues to be beneath all moving averages whilst the Regular Correct Selection (ATR) has crashed. ATR is a person of the ideal indicators for measuring a stock’s volatility. Thus, I consider that the

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VanMoof S5 e-bike review: nice but twice the price

“Sometimes you have to kill your darlings,” is a phrase used by designers to justify the removal of elements they find personally exciting but fail to add value.

The last time I heard it was in April, 2022, when I rode pre-production versions of VanMoof’s new full-size S5 and smaller A5 electric bikes. The phrase was uttered by co-founder and CEO Taco Carlier to justify the removal of VanMoof’s iconic matrix display for a new “Halo Ring” interface. 

One year later and both e-bikes are now — finally — being delivered to customers, well after their original target of July 2022. The price has also been raised to $3,998 / €3,498 from an early preorder price of $2,998 / €2,498, which was already much more expensive than what you’d pay for VanMoof’s previous generation e-bikes — the VanMoof S3 / X3 — when introduced for a rather remarkable price of $1,998 / €1,998 back in 2020.

Look, everything is more expensive in 2023, e-bikes included. But in terms of value for money, the $4,000 VanMoof S5 needs to be twice as good as the $2,000 S3, right? Otherwise the latest flagship e-bike from this former investment darling might be dead on arrival. 

If only it was that simple.

How we rate and review products

Although the S5 and A5 pedal-assisted e-bikes still look like VanMoofs with that extended top tube capped by front and rear lights, everything from the frame down to the chips and sensors have been reengineered. The company says that only a “handful of parts” were carried over from the previous models. 

Here are some of the most notable changes:

  • New LED Halo Ring visual interfaces flanking both grips.
  • An integrated SP Connect phone mount (you provide the case) with USB-C charging port.
  • New almost completely silent Gen 5 front-hub motor with torque sensor and three-speed automatic e-shifter (the S3 / X3 had four-speed e-shifters).
  • New multi-function buttons have been added below the bell (next to left grip) and boost (next to right grip) buttons.
  • The boost button now offers more oomph with torque increasing to 68Nm from 59Nm.
  • The S5 frame which has been criticized for being too tall has been lowered by 5cm (2 inches) to better accommodate riders as tall as 165cm (5 feet, 5 inches), while the A5 caters to riders as tall as 155cm (5 feet, 1 inch) and allows for an easier step-through than the X3 it supersedes.

These join a very long list of standard features found on VanMoof e-bikes like a well designed and useful app, integrated Kick Lock on the rear wheel, baked in Apple Find My support, hydraulic disc brakes, muscular city tires, bright integrated lights,

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Ideal Adventure Bike for the Price

Atop a ridgeline, I stopped to catch my breath. I’d been riding the 2022 Honda Africa Twin for nearly three hours off-road. I’d crossed two saddle-deep rivers, splashed through the mud and dirt, and bounced down some seriously steep grades of silty slick rock faces. But it had brought me here, overlooking this beautiful expansive valley. 

It was early fall, and the cooler-than-normal temperatures and snow the week before had caused the aspen leaves to become a vibrant yellow. They fluttered in the wind, giving the forest ahead a shimmering effect. Very few folks had been to where I was standing, apart from those with little mechanical sympathy. Or horses. But with the Africa Twin, I could skirt around most obstacles, ducking and diving the hazards that stopped others in their tracks. Including this overlook. 

Jonathon Klein

Honda’s Africa Twin isn’t billed as the best, most hardcore adventure motorcycle on the planet. This particular bike even has the company’s dual-clutch automatic transmission and less-than-optimal dual-sport tires. Yet, after years of refinement and Honda’s penchant for delivering over-engineered everything, the Africa Twin is capable of so much more than what its spec sheet may suggest. 

This is a motorcycle that’s comfortable, tall, athletic, and powerful, and it will give you the confidence to ride more. To ride further. And that’s exactly what you want in an adventure motorcycle. Something to push you off the map and find the untouched and peaceful. You want a motorcycle that helps you see a mountain, and the Africa Twin will do just that. 

2022 Honda CRF1100L Africa Twin Specs

  • Base price: $15,299
  • Type of motorcycle: Adventure
  • Powertrain: 1084cc liquid-cooled single-cam four-stroke parallel-twin | 6-speed dual-clutch automatic | chain drive
  • Horsepower: 100
  • Torque: 76 lb-ft
  • Brakes: Two four-piston hydraulic calipers w/ 310mm discs (front) | Single one-piston hydraulic caliper w/ 256mm disk (rear)
  • Suspension: 45mm inverted fork; 9.1 inches of travel (front) | Pro-Link® single shock with spring; 8.7 inches of travel (rear)
  • Seat height: 33.5-34.3 inches adjustable
  • Tires: Dunlop Trailmax Mission 
  • Curb weight: 529 pounds
  • Fuel tank: 5 gallons w/1-gallon reserve
  • Quick Take: When you want the backcountry to be comfortable.
  • Score: 8/10
Jonathon Klein

Touring Comfort

I’ve ridden the Africa Twin a few different times since its 2016 debut. From the twisty, turny mountain roads of Los Angeles to logging long-distance mileage, this is a motorcycle that’s always impressed me with its on-road capabilities. That sounds antithetical to something that bears the name “Africa” and conjures images of the Dakar, but a ton of folks are going to use the Africa Twin as a long-distance tourer and for good reason: it’s comfortable.

A height-adjustable seat takes center stage, as it accommodates riders of differing sizes—I’m six-foot-four—and allows them to comfortably plant their feet at a stop. Honda also paid special attention to the Africa Twin’s balance, as at 529 pounds wet, it’s a porker, and a top-heavy bike is the last

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Price ranges slipping, but problems continue to be

BIRMINGHAM, Ala. (WBRC) – Made use of motor vehicle selling prices are slipping just after placing report highs over the earlier yr, but purchasing is however a obstacle. We’re On Your Side seeking into a couple of ways you can get in a employed car and conserve cash also.

If you were searching to market your car about the previous calendar year or so, you could most likely get a lot more for it as rates for applied cars and trucks skyrocketed due to supply chain challenges which slowed down new motor vehicle production, among the other variables.

“When you don’t have more than enough new cars in the pipeline to satisfy new car desire, folks start to default to made use of autos and that drives up the price of made use of cars,” Karl Brauer, Govt Analyst with mentioned.

Brauer claims at one level, motor vehicle values the two new and utilized went up quicker than people’s money. From 2019 to 2022, utilized vehicle selling prices went up over $13,000 for a Toyota Avalon and around $12,000 for a Chevy Traverse, according to knowledge from ISeeCars.

“You can’t preserve acquiring vehicle price ranges go up. At some place, they get priced out of the average consumer’s spending plan and they just prevent shopping for,” Brauer mentioned.

As we enter the new yr just after these historic highs, selling prices for utilized autos are lastly cooling off and getting to be a lot easier for you to get your fingers on one.

“We’re observing a minor bit more inventory in the new car or truck sector with all the suppliers acquiring on the whole lot and now we’re starting to see a very little bit a lot more of a rebound with some of that inventory coming back,” mentioned Kevin Liles, General Manager at Edwards Chevrolet on Highway 280.

Even although price ranges are heading down, they even now continue being bigger than in several years earlier. So what can you do to preserve revenue?

Initially off – do your homework.

“You genuinely shouldn’t go to the dealership until finally you have a extremely solid knowing of which cars serve your needs and what the existing industry charges are on them,” Brauer reported.

You should also seem into finding a guarantee.

“You’ll continue to pay back much less than a new car and you will have that peace of intellect for long-time period ownership if anything goes mistaken, you can fork out really small or almost nothing and have the motor vehicle fixed,” Brauer mentioned.

Also, verify the history of the car, which must include accidents as well as support visits. The history report displays you how the auto was managed and the assistance history.

Brauer says you could also conserve dollars by increasing your research location.

“Geography does make any difference. If you are in a offered sector and you are seeking for a specific car kind, perhaps that form is extremely well-known in your market place

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