Tag: Car

The best cheap car insurance in Connecticut

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Connecticut is ranked the ninth-most expensive state for car insurance, according to the Insurance Information Institute, with the average driver spending about $1,168.33 per year on premiums. 

Connecticut drivers have a big opportunity to save if they’re willing to shop around. Auto insurance costs can vary widely from person to person, and there are many factors that go into them.

Things like your age, gender, and your credit score can all influence your premium, or the amount you’ll pay for coverage. Each company uses a different formula to consider these factors into your price, so you’ll want to get a few different quotes to see which company offers you the

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Online car seller gives an inside look at the pandemic’s most popular path to going public

Shift Technologies Inc. Chief Executive George Arison didn’t even know what a SPAC was until last year. Now, his San Francisco-based online marketplace for used cars is hopping aboard the blank-check train on its way to becoming public. 

Special-purpose acquisition companies, also known as SPACs or blank-check companies, have been around for decades, but have made a big comeback this year amid the pandemic, thanks to low interest rates and stock-market volatility. Sports-betting operator DraftKings Inc.
DKNG,
-4.51%
,
 electric-vehicle maker Nikola Corp.
NKLA,
-1.36%
,
electric-truck powertrain maker Hyliion Holdings Corp.
HYLN,
-3.94%

and space-flight company Virgin Galactic Holdings Inc.
SPCE,
-3.12%

are among the companies that have gone public via the SPAC route. 

SPACs raise money in an initial public offering, then look to buy businesses, usually within a couple of years. When a SPAC finds a business and successfully negotiates the transaction, the two merge and the

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UK online used car marketplace Cazoo doubles valuation to $2.6 billion

Cazoo founder and CEO Alex Chesterman.

Cazoo

LONDON — Cazoo, a U.K.-based online marketplace for buying used cars, has seen its valuation double to £2 billion ($2.6 billion) after raising £240 million in a bumper round of funding.

Founded in 2018 by Alex Chesterman, creator of British property site Zoopla, Cazoo aims to fill an eBay-shaped gap in the automotive industry. Online sales still account for a tiny slice of the overall market globally.

The company only launched its e-commerce platform for used cars in December 2019 but has already seen revenues surge to £100 million, a spokesperson for the firm told CNBC. It’s now worth more than twice the $1 billion it was valued at in a June funding round, and has raised a total of £450 million to date.

“Over the past few months we have seen an acceleration in the shift from offline to online car buying

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Global Car Protective Cover Market 2020 Industry Analysis, Key Drivers, Business Strategy, Opportunities and Forecast to 2025

The MarketWatch News Department was not involved in the creation of this content.

Sep 27, 2020 (CDN Newswire via Comtex) —
The market study titled Global Car Protective Cover Market 2020 by Manufacturers, Type and Application, Forecast to 2025 is a thorough study of the current trends leading to this vertical trend in various regions. The report describes the market by its major segments involving types, applications, and the major geographic regions. The report assesses the growth rate of the market until forecast 2025, key factors driving this market with sales, revenue, and price analysis of top manufacturers. It presents details related to market share, market size, applications, statistics, and sales. The report considers that offering an in-depth analysis of leading players is very important in order to present a market study. Therefore the report focuses on major competitors operating in this market. Next, the forecast for each product type

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Largest Used Car Retailer Completes Roll Out of Online Car Buying Nationwide

CarMax’s personalized e-commerce capabilities and nationwide store footprint empowers customers to buy a car on their terms, doing as much, or as little, online and in-person as they prefer

CarMax, Inc. (NYSE: KMX), the nation’s largest retailer of used cars, today announced the completion of its omni-channel rollout, which gives CarMax the largest addressable market in the used car industry. This unique omni-channel experience empowers customers to buy a car on their terms – online, in-store, and a seamless integration of both. The announcement was made in the company’s second quarter earnings release, where the company reported record results and profitability.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200924005591/en/

CarMax customers have the option to buy a car online and receive delivery through contactless curbside pickup, available nationwide, or home delivery, available to most customers. (Photo: Business Wire)

Customers nationwide can leverage CarMax’s personalized e-commerce capabilities to

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How Tesla plans to make batteries cheap enough for a $25,000 car

How Tesla plans to make batteries cheap enough for a $25,000 car

Aurich Lawson / Getty Images

Tesla’s business model depends on continuous improvements in the cost and energy density of batteries. When Tesla was founded in 2003, it was barely possible to build a battery-powered sports car with a six-figure price tag. Over the next 15 years, cheaper and more powerful batteries enabled Tesla to build roomier cars with longer ranges at lower prices.

Tesla expects that progress to continue—and maybe even accelerate—in the next few years. And it isn’t waiting for other companies to come up with better battery designs. In recent years, Tesla has had a large team of engineers re-thinking every aspect of Tesla’s batteries, from the chemistry inside the cells to the way the batteries are incorporated into vehicles.

At a much-touted Tuesday event, Tesla pulled back the curtain on a suite of improvements the company hopes to roll out in the next three years. In total,

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Cheap Car Insurance Companies 2020

There’s nothing magical about finding affordable insurance. Getting the right rate for your personal driving needs takes time, and navigating the auto insurance industry is no simple task.



a person driving a car: Best Cheap Car Insurance Companies 2019


© Maskot/Getty Images
Best Cheap Car Insurance Companies 2019

When looking for cheap car insurance, the process is essential. To find out who has the cheapest auto insurance, we have compared multiple cheap insurance companies across a few metrics. We used ratings from J.D. Power and AM Best to help evaluate and discover the best cheap auto insurance. After using these metrics to see which companies were able to deliver on affordable car insurance while maintaining decent customer satisfaction, we looked into which of these companies offered usage-based policies and significant discounts.

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We came away with six companies that compete for the rank of best cheapest auto insurance. Which company is best and most affordable for you will depend in

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Williams, Bosch and Xtrac Join Hands for LMDh Race Car Powertrain Development

This past weekend was a major one for the motorsport industry. After being postponed from June because of you know what, the 24 Hours of Le Mans happened. Aside from the race itself, we also got a more in-depth look into the future of endurance racing.

For a while now the industry has been working on trying to find ways to integrate new technologies. Both major endurance series (IMSA WeatherTech SportsCar Championship and FIA World Endurance Championship) are set to allow so-called LMDh cars, in essence hybrids that would compete in a new top class.

All cars to be build in this class will be based on chassis provided by one of four approved chassis constructors – Dallara, Ligier, Multimatic or Oreca. They are to use an internal combustion engine made by the car manufacturers, and an electric system supplied by third parties. The approved combined power output is around

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Online Auto Sales, a Rising Trend Post COVID-19: The Michael Oz, Online Auto Broker Since 2012, Launching Online Luxury Car Subscriptions & Yacht Charters in Palm Beach

Online Auto Sales, a Rising Trend Post COVID-19: The Michael Oz, Online Auto Broker Since 2012, Launching Online Luxury Car Subscriptions & Yacht Charters in Palm Beach

Fort Lauderdale, FL, September 21, 2020 –(PR.com)– The pandemic has resulted in auto sales plummeting globally – a quarterly decline of 10.4 percent for sales in the U.S. was reported at the end Q1 2020. However, as there is a record-breaking increase in e-commerce across industries, online car buying options are emerging as increasingly appealing to consumers in times of COVID-19. What may have been an extra feature, touchless delivery, has become the new norm.

The COVID-19 crisis may have upended auto sales throughout USA, but it has certainly accelerated online sales for the auto industry, making it the latest trend for car dealers, retailers, and even manufacturers. That’s now, but for the past decade or so, this industry has been largely reluctant to embrace online sales due to the fear of disrupting their profitable showroom operations. Although, a few manufacturers like Tesla have been selling vehicles online for years,

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Global Car Rental Business Market Forecasts 2020-2027 and the Impact of COVID-19

DUBLIN, Sept. 14, 2020 /PRNewswire/ — The “Car Rental Business – Global Market Trajectory & Analytics” report has been added to ResearchAndMarkets.com’s offering.

The increasingly tougher business environment in the travel and tourism sector is sending ripples of disruption, fear and anxiety across the entire value chain including car rentals. The rapid spread of COVID-19 across the globe is having an enormous impact on the travel and tourism industry. From cruise ship quarantines to complete grounding of airlines as countries seal their borders to prevent spread of the disease, the travel industry is feeling the heat of the chaos unleashed by the pandemic. With all of the world’s favorite tourism destinations being off-limits to visitors and guests, the worst affected are countries with the highest contribution of travel and tourism to national GDP such as the Caribbean; Maldives; Philippines; Thailand, Italy, Malaysia, Turkey

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