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Memorial Day Car Shopping: Edmunds Experts Advise on the Best Strategies for Deal-Seekers During New Car Shortages

Car shoppers should take the time to do extra research and consider alternative brands and purchasing options if they want to snag a better deal on a new vehicle this Memorial Day weekend. According to the car shopping experts at Edmunds, bargains are increasingly difficult to come by as the global chip shortage continues to severely constrain the supply of new vehicles and consumer demand runs high. ....

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New Vehicle Inventory Continues to Dwindle in March, According to Edmunds

New Vehicle Inventory Continues to Dwindle in March, According to Edmunds
Analysts say new and used car prices are on the rise as chipset shortages squeeze vehicle supply
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SANTA MONICA, Calif., April 1, 2021 /PRNewswire/ Consumers in the market for a new vehicle will likely have a harder time finding what they want at an affordable price right now due to severe supply shortages affecting the automotive industry. According to the car shopping experts at Edmunds, new vehicle inventory on sale at dealerships nationwide is down by 36% in March 2021 compared to a year ago, and prices are rising for both new and used vehicles as a result. Edmunds analysts forecast that the average transaction price (ATP) for new vehicles will climb to $40,563 in March compared to $38,601 a year ago; the ATP for used vehicles is expected to hit $22,663 compared to $20,273 last year. ....

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CarMax To Acquire Edmunds

CarMax To Acquire Edmunds
WASHINGTON (dpa-AFX) - CarMax, Inc. (KMX) said it will acquire the remaining shares of Edmunds for a purchase price that implies an enterprise value of $404 million, inclusive of CarMax s initial
investment, which it expects to be paid in a combination of cash and stock. Based in Santa Monica, California, Edmunds guides car shoppers online from research to purchase.
CarMax expects the addition of Edmunds net income to be immaterial to the company s earnings per share in fiscal 2022, with potential for significant shareholder value creation over the longer term.
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© 2021 AFX News ....

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Edmunds Compares the Mercedes-Benz GLE and Genesis GV80

Edmunds Compares the Mercedes-Benz GLE and Genesis GV80
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CAMERON ROGERS, Edmunds
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1of3This photo provided by Mercedes-Benz USA, LLC shows the Mercedes-Benz GLE, a midsize luxury SUV that offers an awe-inspiring interior and exceptional technology features. (Andreas Lindlahr/Courtesy of Mercedes-Benz USA, LLC via AP)Andreas Lindlahr/APShow MoreShow Less
2of3This photo provided by Genesis Motor North America shows the Genesis GV80, a new entrant in the midsize luxury SUV class. It is just as impressive as rivals from more established automakers, but undercuts the competition by thousands of dollars. (James Lipman/Courtesy of Genesis Motor North America via AP)James Lipman/APShow MoreShow Less ....

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Shelby GT500 vs. Tesla Model Y Performance Drag Race Ends With Humiliation

autoevolution
14 Mar 2021, 9:32 UTC ·
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A purpose-built strip slayer and a compact crossover with e-AWD. The Shelby GT500 and Model Y Performance couldn’t be more different on paper and in the real world. The same can be said in terms of straight-line performance, and spoiler alert: the pumped-up ‘Stang loses every race.
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“We know this car’s faster,” said Carlos Lago of Edmunds from behind the wheel of the GT500.
“We’ve tested it” to 11.3 seconds at 129.9 miles per hour (209 kilometers per hour) in the 1/4-mile, which is better than 11.8 seconds at 115.6 miles per hour (186 kilometers per hour) for the e-SUV. ....

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