The CarGurus Blog

Daily coverage of the world of cars.

General Chat

Faraday’s Financial Future Already Bleak


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faraday_future

Faraday Future mysteriously stormed into the U.S. market promising a new breed of electric car that would upend Tesla.

It unveiled a supercar concept and has teased a coming crossover. It has broken ground on a $1 billion factory in Nevada. Curiously, the company has never sold, or even produced, a single production-worthy automobile.

Now its parent company, China-based LeEco, has sent a dire warning to employees that it’s having financial troubles and needs to cut costs.

Could Faraday’s Future be over before it even begins?

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GM Defies the Odds and Sells Plenty of Tahoes, Yukons, and Suburbans

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2017 Chevrolet Tahoe LT Midnight Edition

Perhaps the last third of 2016 will be remembered for the theme, “Expect the Unexpected.”

Tuesday night’s election results shocked the world as President-elect Trump overcame astronomical odds to secure the nation’s highest office. That’s as far as our political commentary will go on this blog, but rest assured the significance of the election isn’t lost on us. We’ll be sure to keep a close eye on the election’s effects on the auto industry.

Slightly less significant, October’s car sales report had a few unexpected twists too. In a time of slowing sales, when we might expect passenger cars and full-size trucks to maintain the status quo, something else has happened.

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The Truth About Ethanol


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fuel pumps at a gas station

Thanks to growing environmental concerns and economic forces, 97% of fuel currently pumped in the U.S. is up to 10% ethanol. For a few reasons, ethanol in gas is a hot-button issue for some folks; search for an article on the topic and your chances of finding one that balances both sides of the aisle are pretty slim. But, while many drivers are familiar with Flex Fuel vehicles, which run on a fuel made of 85% ethanol, fewer realize that the gasoline they’re already putting in their cars is partially made from corn.

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Will Volkswagen’s Atlas Rise?

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volkswagen_atlas_front

Two interesting things happened this week that must be a crazy coincidence, but make me wonder if Volkswagen and Metallica have some kind of secret marketing deal in place.

First, the legendary metal band released a rocking new single called “Atlas, Rise!” Shortly after, Volkswagen unveiled a new SUV called the Atlas.

Coincidence?

Perhaps.

Both Metallica and Volkswagen are staging a comeback of sorts. The aging band finally seems to have gotten back to its roots, and the German automaker desperately wants to leave its diesel scandal in the past.

Could Atlas save them both?

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GM and Toyota Dive Deeper Into Car Sharing

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MAVEN

How would you like to rent a car in less than a second?

The idea of instant access to a vehicle could be appealing, especially for people who don’t own a car and live in a big city. General Motors and Toyota are the latest major automakers to get on board the car-sharing trend and could help turn it into a new normal for urban-dwelling commuters.

The idea of a car company venturing into the by-the-hour car rental business might seem to fly in the face of their desire to sell cars meant for individual ownership, but the younger generation seems to be demanding a change in how they transport themselves.

They don’t want to own cars, but they want convenient, inexpensive access to them.

Cue Maven.

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