Many drivers choose to rent vehicles so they can change cars more frequently and avoid serious financial commitment. But while renting is a popular option, there has been a drop in availability. At its peak, nearly 30% of retail sales were leased vehicles between 2015 and 2019. The lease share is now closer to 20%, …
How the car rental market is evolving | The bank rate Read More »
Apple aims to launch a consumer-focused Apple-branded vehicle by 2026, and its goal is to price the car below $100,000 to appeal to a wider range of customers, reports Bloomberg. Apple originally planned to design a car that might resemble Canoo’s Lifestyle vehicle, where passengers could face each other in a limo-style car without a …
Apple to charge less than $100,000 for Apple Car, slated for 2026 launch Read More »
Buying a used car remains expensive even though supply chain bottlenecks have eased, bringing the average loan size to $28,506. Consumers still rely heavily on financing for car purchases, and the average loan size rose 8.59% year-on-year, according to credit rating firm Experian. There are still some glimmers. “Since the beginning of the inventory shortage, …
