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More people in the region are considering hybrid and electric vehicles as gas prices rise – Daily Local

WEST CHESTER — The popularity of electric and hybrid cars is growing. Bloomberg New Energy Finance’s latest report shows that by 2040, 58% of global passenger vehicle sales will come from electric vehicles. Sales of battery electric vehicles and plug-in hybrid electric vehicles currently account for 4.2% of the global automotive market. Over the past […]

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Keys to Managing High Rates and Declining Satisfaction – Rental Operations

While conditions don’t appear to be improving anytime soon, in the meantime rental companies need to optimize communication and manage customer engagement to stay relevant, says JD Power. Photo via Tumisu from Pixabay The lack of vehicle supply, coupled with rising demand over the past year, has upended the traditional economics of […]

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Electric truck maker Rivian hires top Magna International executive as COO, will help solve production issues – FutureCar.com

Author: Eric Walz Rivian’s all-electric R1T pickup and R1S SUV are being built at the company’s Normal, Illinois plant, but production ramp-up has been slow. Electric truck and SUV maker Rivian has hired Frank Klein as its new Chief Executive Officer (COO) to help resolve its production issues, which are stalling deliveries of its R1T […]

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Why you should order your next car from the factory – AgriNews

Finding a new car has been difficult in today’s market, plagued by chip shortages and supply chain issues. Many dealer lots look bare, and the few cars they carry may not have the options you need or cost more than expected. Fortunately, the experts at Edmunds have a workaround for you. A factory built-to-order vehicle […]

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Volkswagen suspends reservations of certain models due to a shortage of chips

Volkswagen suspends reservations for certain models volkswagen will stop taking orders for many plug-in hybrid models from Wednesday, the German automaker said, citing chip shortages and supply chain issues related to Russiathe invasion of Ukraine. Orders for plug-in hybrid versions of Volkswagen’s Golf, Tiguan, Passat, Arteon and Touareg models will be halted until further notice […]

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Rental car prices are rising more than ever | KLBK | KAMC

LUBBOCK, Texas – In addition to many other things right now, renting a car is now more expensive than it has ever been. Since the pandemic, renting a car has gone from around $50 a day, to now $100 and sometimes $150, depending on which car you need. With the increase in the number of […]

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Growing list of companies shutting down Russian operations | Item

Over the past few weeks, and as recently as the weekend, more companies have continued to suspend business operations in the country, with some outgoing transactions in Russia. The announcements follow as the United States and other Western countries continue to impose escalating sanctions against Russia after the country invaded Ukraine last month, but many […]

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Mercedes-Benz India targets record sales in 2022, fears Russian-Ukrainian war impact on supply chain, Auto News, ET Auto

The Mercedes Maybach-Class S is the first of 10 models that Mercedes-Benz India plans to launch this year. The Indian passenger vehicle industry has seen high levels of demand, in some segments, due to the need for personal mobility triggered by the pandemic. Also in the luxury vehicle segment, demand is quite strong. The segment […]

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Rising Gas Prices Not Affecting Local Auto Market Yet

HARRISONBURG, Va. (WHSV) – Gas prices continue to rise. The price of a barrel of oil reached 110 dollars on Wednesday. Local car dealers say prices have yet to affect car sales, but if prices continue to rise, that could change. “The last time I saw gas prices really affect car sales was in 2008-2009, […]

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Biden says tackling inflation is ‘top priority’ as prices bite consumers

President Biden used his State of the Union address to refocus the nation on how far the economy has come since the pandemic recession. But he also outlined his plans to help slow rapid price increases, highlighting the challenge Democrats face ahead of the midterm elections: Inflation is painfully high, voters are unhappy about it, […]

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SUBARU OF AMERICA, INC. ANNOUNCES FEBRUARY SALES RESULTS

“Our retailers have been incredibly successful in maintaining an exceptional car buying and ownership experience despite supply chain challenges,” said Thomas J. DollPresident and Chief Executive Officer, Subaru of America, Inc. “We also pride ourselves on offering the safest and most reliable vehicles on the market. This month, our 2022 lineup won six IIHS BEST […]

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Car rental companies sell out as tourism picks up

Car rental companies say business is booming. – Photo: File Finding a rental car in Cayman right now can be difficult, as the reopening of the islands’ borders brings an influx of tourists buying vehicles. Calls to all the main rental companies on the island over the weekend revealed that most were unable to provide […]

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How the Russian-Ukrainian conflict could affect young people’s finances

Flux Factory | E+ | Getty Images The Russian invasion of Ukraine rocked global stock markets. It has also sparked anxiety about personal finances, which for many people around the world have already been strained by rising costs in the wake of the coronavirus pandemic. Globally, young people are among the groups that have felt […]

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Inflation, shortage of computer chips, new car prices

Used car prices are up 40.5% from a year ago, while new car prices are up 12.2%, according to the US Bureau of Labor Statistics. BOISE, Idaho- This article originally appeared in the Idaho Press. The inflation challenge is real. Ask anyone trying to buy a new or used car. Used car prices are up […]

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There’s an easier way for rideshare and delivery drivers to get into an electric vehicle

The cost and availability barriers of electric vehicles can limit access for carpool and food delivery drivers, as well as small business owners whose fleets may travel a small number of miles on the road. But at least one fintech company thinks it has the answer. Spring Free EV launched EVInstaFleet this week, a less […]

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New and used car prices on the rise | Connecticut News

(WFSB) – Expect to pay top dollar whether you’re looking for a new or used car. President’s Day has traditionally been “the day” to sell cars to car dealerships. They were busy on Monday, but times and prices have changed. “It’s time to give this back because I praise it,” Willington’s Janice Giannini said. Giannini […]

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Cerence Stock revalues

Provider of mobility solutions and virtual assistants in artificial intelligence (AI) Cerence (NASDAQ: CRNC) the stock has been decimated since IPO highs. The company provides AI-powered virtual assistants for businesses and especially in the automotive industry. Cerence envisions the complete digitalization of cars as its virtual assistants help improve all aspects of performance, entertainment and […]

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Do it before you book your next trip

If you’re like me, you pay attention to airfares first when planning your next vacation. Scott’s Cheap Flights, based in Boulder, emails me offers. When you’re booking trips for a family with multiple tickets and the constraints of the school calendar, services like Scott’s allow you to travel adventurously on a budget. David GardnerFor the […]

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How much does a fully equipped 2022 Subaru WRX cost?

The 2022 Subaru WRX is a top choice for anyone looking for the power of a turbocharger with the practicality of a compact sedan. The WRX is all-new for the 2022 model year and is priced higher than ever before, with the base price dropping to $30,100. That’s a difference of $1,680 over the outgoing […]

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Global electric vehicle battery reuse and recycling market

Dublin, 15 Feb. 2022 (GLOBE NEWSWIRE) — The report “Global Electric Vehicle Battery Reuse and Recycling Market 2021-2026” has been added to from ResearchAndMarkets.com offer. This report will cover all the commercially available methods for EV Battery Reuse and Recycling that are actively used and consumed by major end-user industries in the EV Battery Reuse […]

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Live News: EU leaders plan to hold summit on Ukraine this week

He is a bold commentator trying to predict the conclusion of the diplomatic chess game that is the border crisis between Ukraine and Russia. But the next seven days will produce significant moves, if not a checkmate attempt. Perhaps the strangest event of the week will take place on Thursday, when Russia, as the current […]

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The Week in Business: Hard Times in the Peloton

What’s up? (6-12 Feb.) Peloton hits a steep incline At the start of the pandemic, with gyms closed and people stuck at home, demand for Peloton’s bikes and virtual classes skyrocketed. Just like its share price. But sales growth has slowed as gyms and fitness studios reopen. The company’s outlook hasn’t been helped by a […]

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How Inflation and Supply Chain Issues Affect the Economy

Since the pandemic hit two years ago, Forest Ramsey and his wife, Kelly, have kept the line on prices at their gourmet chocolate shop in Louisville, Kentucky. Now they are about to throw in the towel. Over the past year, ingredient costs for their business, Art Eatables, have jumped 10-50%. The Ramseys pay their employees […]

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M&M’s Q3 net rises to `1,353 crore ahead of Street estimates

The increase in profit is mainly due to the absence of impairments this quarter, which is the result of its capital allocation actions to rationalize its loss-making subsidiary Mahindra and Mahindra (M&M) net profit after exceptional items for the third quarter ended December 31, 2021 increased nearly 2.5 times year-on-year to 1,353 crore, beating Street […]

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The Global Luxury Car Rental Market is Growing at a Phenomenal Rate to Reach $38.8 Billion by 2028

GET A SAMPLE REPORTBUY THE FULL REPORT Esticast Research has released a new report titled “Luxury Car Rental Market by Rental Type (Business, and Leisure), by Booking Mode (Online, and Offline): Global Industry Perspective, Analysis and full forecast, 2020-2028″. According to the report, the luxury car rental market is growing at a phenomenal rate to […]

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Impact of Semiconductor Shortage on Indian Automotive Industry: 7 Lakh Backorders

All automakers around the world have been affected by the global shortage of semiconductors and due to the undersupply of this crucial component, a long list of orders in automakers’ reservation books has yet to be fulfilled. honored. In India alone, automakers are sitting on the books of 7 lakh of backorders in December 2021, […]

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‘It’s not 1980’: What investors are watching as the next US inflation reading looms

Next week, investors will be watching closely for the latest readings on US inflation, which has accelerated amid a volatile stock market in 2022. “Inflation will be the data point that moves markets next week,” Brent Schutte, chief investment strategist at Northwestern Mutual Wealth Management Co., said in a phone interview. “I think what you’re […]

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Kemper Eyes raises rates and agency cancellations to regain footing after fourth quarter slump

Kemper Corp. said it was taking rating and other actions, including canceling some agents, as it sought to recover from inflation-riddled fourth-quarter financial results. Kemper Corp. reported a net loss of $105.8 million for the fourth quarter of 2021, compared to a net profit of $97.5 million for the same quarter in 2020. The company’s […]

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Records annual growth of 1.38%

Kia India sold 19,319 cars in the month of January 2022, registering an annual growth of 1.38%. The automaker is gearing up to launch the all-new Kia Carens in India this month. Kia India has revealed its sales figures for the month of January 2022. The Indian subsidiary of this South Korean automaker recorded domestic […]

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Why owning a car in the SF Bay Area will only get more expensive this year

After a year of skyrocketing gas and car prices, will 2022 provide financial respite for Bay Area motorists? Not likely. In 2021, gasoline prices in the Bay Area and California reached all-time highs and showed little sign of abating. The cost of buying a new or used car also hit record highs at the end […]

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Central Reservation System Market 2022-2030 Analysis, Top Key Company Profiles – Pegasus CRS (formerly Travel Tripper), Navis CRM, IBC Hospitality Technology, Avvio, Omnibees

The Central Reservation System Market report is a perfect basis for people who are looking for in-depth study and analysis of the Central Reservation System Market. This report contains diverse study and information which will help you understand your niche and focus on major market channels in the regional and global Central Reservation System Market. […]

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Huntsville collision shop owner says it takes a long time to get some car parts

HUNTSVILLE, Ala. (WAFF) – If you can get into a car wreck, chances are it’s going to take longer than usual to fix that car. Due to supply chain issues, many shops are taking longer to get the parts they need to complete repairs. And some insurance companies total cars due to long waits.(WAFF) Ingram […]

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The US economy grew 5.7% last year, the fastest pace since 1984

The U.S. economy grew last year at its fastest pace since 1984, rebounding from a sharp but brief coronavirus-induced recession in March 2020. The country’s gross domestic product, a measure of all goods and services produced, grew 5.7% in 2021, the Commerce Department reported Thursday. Growth accelerated even faster during the October-December period, reaching 6.9% […]

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Auto lenders can see this pothole coming

Banking investors could bet that the rise in used car values ​​will get out of hand. Maybe they should slow their roll. For auto lenders, soaring demand for used vehicles and rising prices have contributed to rapid loan growth, coupled with high salvage values ​​on loans and leases. But Ally Financial said last week it […]

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Live News: Shift to Premium Beverages Boosts Diageo Sales

Levi Strauss said his revenue rose more than expected as the holiday season approached, even as he navigated supply chain issues that wiped out the benefits of Black Friday sales. The shift to casual wear has spurred demand for Levi’s jeans, including newer styles with a looser fit, as consumers work from home during the […]

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Hunger in America could get worse as supply chains tighten

“Cake mix,” Allen said. “I was worried that I wouldn’t find enough to distribute in our food baskets.” Allen is president and executive director of Beyond the Sanctuary, a nonprofit organization based in Rochester, New York, which provides meals, clothing, job readiness support, and other forms of assistance to people and families in need. For […]

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Car prices are expected to rise further this year

What was supposed to be a very good year for the U.S. auto industry didn’t turn out that way in 2021, as automakers battled semiconductor shortages and other issues that repeatedly shut down factories and left showrooms empty. For consumers, this meant record prices and less choice. Those who hope that the situation will improve […]

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How ‘The Great Resignation’ Adds Up To Long Lines And Rising Prices

PORTSMOUTH, Va. (WAVY) – Empty shelves, long lines and locked doors are all signs of a perfect storm caused by COVID-19 supply chain shortages and the Great Resignation. Old Dominion University economics professor Robert McNab told WAVY: “If you look at the data for Virginia, it indicates that we are at near record high job […]

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Rising costs for Invercargill block development, commercial bank loan shortfall

Robyn Edie The 86th of 89 precast concrete columns being erected for the car park building in the downtown Invercargill Central development, which now stands at $180 million. Invercargill City Council is proposing to invest an additional $30 million in the development of the town center blocks through a short-term loan along with other investments. […]

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3 Fed interest rate hikes in 2022 “not necessarily in the bag,” says US bank chief economist

Consumer prices in December rose the most year-on-year since 1982, fueling the Federal Reserve’s forecast that it may have to hike interest rates three times this year to fight inflation. But an economist says the last year taught an important lesson: Forecasters need to stay humble and nimble. This means that there is no guarantee […]

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Supply chain issues continued to drive up inflation in December

Ongoing difficulties in getting goods from factories to customers continue to drive up the price of cars, computer chips, furniture and other products, pushing up consumer prices in December at the fastest rate since 1982. The consumer price index climbed 7% in the year to December, and 5.5% after removing volatile prices such as food […]

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Could Rising Vehicle Values ​​Raise Property Taxes?

New values ​​for vehicles in Kentucky are set in December and are based on the book values ​​of the National Automobile Dealers Association. FRANKFORT, Ky. – The rising value of used vehicles during the pandemic could cause property taxes to rise sharply on them, Kentucky officials said. “Overall, increases in vehicle rating in 2022 compared […]

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Here’s how rising interest rates could affect you

PROVIDENCE, RI (WPRI) – Financial jargon may sound complicated to many people, but Federal Reserve decisions impact all Americans and those around the world. Interest rates have been low for years, but that should start to change in a few months. “At the Federal Reserve, we are firmly committed to achieving the monetary targets that […]

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Supply shortages will continue into 2022, but so will the issue of excess inventory

It was all about supply shortages in 2021. COVID vaccine shortages at the start of the year have been replaced with fears that we will struggle to buy turkeys, toys or electronics for the holidays. For most of the year, retail shelves, car showrooms and even gas stations were more empty than usual. Some shortages […]

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FTSE 100 Live: Shell Launches $ 5.5 Billion Buyout, Home Prices Rise Again, US Jobs Report

H Home prices rose another 1.1% last month as the housing market continues to defy expectations. Today’s report from lender Halifax shows a new record average price of £ 276,091, which represents an increase of over £ 24,500 or 9.8% in 2021. This is the largest annual growth since July 2007, driven by a lack […]

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A good year ahead as economic signs point to strength

It’s probably a minority position, but I’m very confident to say that 2022 will be a very good year for the economy. We are facing a situation characterized by low unemployment, falling inflation and rising real wages. This is probably the best economy we have seen in many decades. In recent weeks, inflation has been […]

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Startup of the week: Syaratech will be the ‘Airbnb’ for carsharing in Saudi Arabia

Chip shortage, China’s energy crisis could hamper Saudi retail sector: Al Rajhi Capital Supply chain disruptions in chip delivery, coupled with the energy crisis in the main Chinese producer, mean retailers in the Kingdom could face reduced product availability, a Saudi investment bank said in a report. Al Rajhi Capital explained that chip shortages would […]

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10 things that will be more expensive in 2022

One thing is certain: 2022 is going to cost you dearly. Between inflation and persistent supply chain problems, the prices of consumer goods are rising almost everywhere. “I really don’t think there is a way out,” said Julie Ramhold, consumer analyst at DealNews.com. But that doesn’t mean you can’t shop smarter for the things you […]

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Hertz rebirth delivers $ 3 billion windfall to two daring backers

As travelers face soaring prices for car rental this holiday season amid growing demand and a shortage of new vehicles, two little-known investment groups are reaping huge benefits from the one of the most lucrative trades in the hedge fund industry in 2021. Certares Management and Knighthead Capital Management sit on paper earnings of nearly […]

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2022 Outlook for Auto Insurance Buyers – Forbes Advisor

Editorial Note: We earn a commission on partner links on Forbes Advisor. Commissions do not affect the opinions or ratings of our editors. Auto insurance rates are expected to rise in 2022, in part due to risky driving and costly claims. That, along with the fallout from inflation and supply chain disruptions, means price comparisons […]

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With the ongoing pandemic, what will auto insurance rates look like in 2022?

Water is blown into the air by vehicles on I-15 during a rain storm in Salt Lake City on Wednesday August 18. This year, people have hit the road again, causing more accidents, tickets and, yes, insurance premiums. What will insurance rates look like next year? (Spenser Heaps, Deseret News) Estimated reading time: 1-2 minutes […]

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New car sales are scorching hot, then cold, a year like no other

New car sales in 2020 came with a roar like the proverbial lion – and ended up crackling like an engine with bad spark plugs. Auto analyst Michelle Krebs of Autotrader said her company’s bullish early sales forecast has had to be revised several times due to the extent and tenacity of a global computer […]

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There might never be a better time to go without a car

“],” renderIntial “: true,” wordCount “: 350}”> There is currently more slack in the global supply chain than in the transmission of a poorly maintained fixie. As a result, shortages and price anomalies are increasingly becoming the norm. For example, bikes and components have been scarce meaning some riders have been forced to ride the […]

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What will it take to kill this bull market? We will find out next year.

The insurgency, infections and inflation are what will be remembered for 2021. But none of them seemed to matter to US equities, at least as much as some might have thought. Again, the best thing for investors to do would have been to turn off their computers, phones, and (especially) televisions, and set up and […]

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The PCE index likely burst again in November

Federal Reserve policymakers are expected to end a year that has been marked by surprisingly high inflation with even more bad news: Their preferred price measure could hit its highest level since 1982, when the last reading was released Thursday morning. The personal consumption expenditure price index, which is the indicator the Fed officially targets […]

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Why the pandemic rental car crisis seems personal

What do you expect when you walk into a rental car office? Do you think you’re going to hand over your credit card and your driver’s license, and walk away with the keys at least usually of the type of car you’ve booked, after you’ve accepted at least roughly the charges you’ve been given? Or […]

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Startup EV Rivian to build $ 5 billion plant in Georgia, posts quarterly loss

Amazon-backed electric vehicle start-up Rivian Automotive Inc said Thursday it will build a $ 5 billion plant in Georgia, its second assembly plant in the United States, with the aim of increasing its production. In its first quarterly results released since its release last month, Rivian posted a net loss of $ 1.2 billion in […]

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Consumers may soon see an increase in auto insurance premiums

“Right now there are more drivers on the road than ever before and we have more distracted driving incidents and other issues,” said Reilly White, Ph.D., associate professor at the Anderson School of Management at UNM. Currently, several factors oppose consumers. “This year, the average cost of a new car exceeded $ 45,000 for the […]

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Exclusive: car prices are soaring. Elizabeth Warren blames corporate greed

Warren, in a new letter obtained by CNN, argues that the chip shortage, and its consequences, is a prime example of how real people can be hurt when a few companies become too dominant in their fields. The Massachusetts Democrat points out that only five companies control 54% of the world’s semiconductor manufacturing, which gives […]

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As the cost of food and fuel skyrocket, is there an appetite to raise UK interest rates? | Inflation

Things are moving fast for the UK economy. Inflation hit its highest level in a decade, topping 5% months earlier than expected. The overall figure masks much larger increases for everyday items – the cost of apples and pears has increased by 25% in one year. Meanwhile, consumer confidence is evaporating as the Omicron coronavirus […]

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What does the skyrocketing inflation rate in the UK mean to you? | Inflation

The UK headline inflation rate reached 5.1%, its highest rate in a decade. The speed of the increase took forecasters by surprise – last month the Bank of England said it expected inflation to peak at 5%, but not until April of next year . What is inflation? It is the measure of how much […]

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Volkswagen plans to double used car sales to 20,000 units this year, Auto News, ET Auto

“Over the past almost two years, the only clear change in customer preferences that I see is that customers are buying additional cars. This is motivated by the need for individual mobility. So people who can afford to buy a car again are more likely to buy an additional car, ”Ashish Gupta, Volkswagen Passenger Cars […]