Automotive Deals

There Are New Car Deals to Be Had This Memorial Day

For the past few years, new-car prices have obviously been climbing, so it’s nice to learn that there are some traditional Memorial Day deals out there this year. With the pandemic fading away and the related supply-chain problems sorting themselves out, we’re back to perks like low financing offers and factory discounts. The best deals available knock around 10 percent off the price of the car but don’t expect that sort of sale on everything on the lot.For years, Memorial Day has been on the rotation for holidays that often come with deals at local car dealerships. It’s the…

Automotive Deals

Trade deals, tariffs and Brexit: how will they shape UK prospects?

Home › Articles › Trade deals, tariffs and Brexit: how will they shape UK prospects?These significant forces have not yet led to a major change in export markets served by UK vehicle companies, but they could in the future, writes Ian HenryUntil the Brexit vote in 2016, few people in the UK, even within the automotive sector, knew much or even thought about trade deals and tariffs. The Brexit negotiations changed that and the actual and potential costs of leaving a large trading bloc were front and center of the industry’s concerns. The UK-EU Trade and Co-operation Agreement…

Automotive Deals

What’s the Best New-Car Deal for May 2023?

From Derby Day to Mother’s Day, May brings no shortage of reasons to celebrate. But while a rose garland is the coveted award for the top horse (and a rose bouquet might be for the top mom), shoppers looking for a good deal on a new ride would likely trade the smell of roses for the new-car smell. Although we haven’t crossed the finish line of the inventory shortage just yet, shoppers should find a few reasons to celebrate this month — namely, rising inventory levels and incentives. Related: Is the Inventory Shortage Coming to an End? According to JD…

Automotive Deals

Best EV Lease And Financing Deals In May 2023

It seems EV lease and financing deals are already improving notably in 2023. That said, it might be safe to assume that most deals will never go back to the way they were before the pandemic. At any rate, if you’re going to buy or lease an EV this year, at least you’ll be appreciated of what manufacturers are advertising promotions. While some brands haven’t yet published their manufacturer-sponsored leasing and financing offers this month, we like to get this article out as soon as deals begin to publish. It’s our hope that you can use this article to get…

Automotive Deals

Best 0% APR Car Deals: May 2023

The best 0% financing deals on new cars, SUVs, and trucks in May involve no-interest auto loans for 72 months plus as much as $25,000 in financing incentives which can save you a significant amount of money. In many cases, 0% APR deals on cars can beat interest rates from banks and credit unions. While it may seem like rates are only going up, several car brands are still offering zero-interest loans on cars. Most of these incentives may require top-tier credit in order to qualify and can sometimes vary by region. Be sure to check with your dealership for…

Automotive Deals

2023 Chevy Colorado Trail Boss Road Test: Everyday adventures

Having already driven the 2023 Chevrolet Colorado Trail Boss extensively off-road in the course of our first drive review, it was time to get it back home and see how it deals with the mundanity of family life. Of course, full-size pickups are in most cases the truck of choice for families given their crew cabs’ colossal backseat space and abundant available features. But midsize pickups aren’t exactly small, and with crew cabs of their own, it’s not like your kiddos will be riding in those frightful flip-down jump seats of old or, even more frightfully, just out in the…

Automotive Deals

Best New Car Lease Deals for May 2023

There are all kinds of reasons for needing a car over a shorter term, especially at a time when the auto industry is still experiencing supply-chain woes. Buying a car outright and then selling it in a couple of years involves tying up a bunch of capital and then taking a hit on depreciation. Instead, a 24-month lease provides the stop-gap filler you need to get around right now with reduced financial exposure. This month, we have a host of two-year lease deals across the full spectrum, from family-friendly crossovers to luxury EVs. There’s something here to fill nearly every…

Automotive Deals

Mullen Automotive gives updates on EV deals, factories

Mullen Automotive Inc. MULN, -1.57% gave a business update before market open Monday, with the electric vehicle maker providing details of its latest factory developments and a recently announced $15.8 million contract with MGT Lease Company. The fleet sales and leasing provider took delivery of Mullen’s EV Cargo Vans earlier this year. “The company afterward signed a vehicle purchase agreement, as announced on May 11, 2023, for 250 all-electric commercial Class 3 Cab Chassis EV Trucks,” said Mullen Automotive, in the update. “The contract is valued at $15.8 million and MGT expects to take possession of the vehicles between August…

Automotive Deals

US auto parts supplier signs deal to buy Quebec’s Uni-Select in $2.8-billion deal

LKQ Corp. has signed a deal to buy Quebec-based Uni-Select Inc. in a roughly $2.8-billion deal that aims to boost the US automotive equipment supplier’s aftermarket business amid a thriving market. Under the agreement, LKQ will pay $48 per Uni-Select share in cash for the aftermarket auto parts distributor. The purchase marks a 19.2 per cent premium over the $40.28 closing price of Uni-Select shares on the Toronto Stock Exchange on Friday. The transaction, which needs shareholder approval, also requires antitrust clearances in Canada, the US and the UK and approval under the Investment Canada Act. LKQ chief executive Dominick…

Automotive Deals

Mullen Automotive Inc’s shares motor ahead after completing the second EV deal

Mullen Automotive Inc (NASDAQ:MULN) saw its shares motor ahead on Wednesday after completing the purchase of bankrupt EV start-up Electric Last Mile Solutions (ELMS), paving the way for the company to manufacture its first electric vehicle. The California-based EV company said it had received approval from the US Bankruptcy Court on October 13 to buy ELMS in a $240 million cash transaction. The deal includes the acquisition of ELMS’ manufacturing plant in Indiana, which is capable of producing 50,000 cars per year. Mullen also acquired all intellectual property of the defunct auto company. READ: Electric vehicles stock climbs on big…