Used Car Prices Crash Most Since 2008

According to NADA Used Car Guide, wholesale prices on used vehicles are getting crushed. Let’s take a look at the details.

Used Car Prices Since 1995

Used Car Prices by Type of Vehicle

 In a reversal of what typically occurs in February, wholesale prices of used vehicles up to eight years old fell substantially last month, dropping 1.6% compared to January. The drop was counter to the 1% increase expected for the month and marked just the second time in the past 20 years prices fell in February (last years’ scant 0.2% being the other instance).

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Israeli tech firms rev up their engines for self-driving cars

As the world moves toward an era of self-driving cars, Israel is positioning itself to be the Detroit of the future.

The country has emerged as a global leader in the fast-growing field of driverless cars, as illustrated by Intel’s more than $15 billion acquisition of Israeli firm Mobileye this week.

Israel is now home to hundreds of startups that provide everything from sensors to cybersecurity to data collection for autonomous vehicles, putting it alongside Silicon Valley at the forefront of an industry that many expect to take off over the next decade.

“In the last 12 months, the global interest is rising more and more,” said Lior Zeno-Zamansky, executive director of EcoMotion, a nonprofit group that promotes the smart transportation sector in Israel. “Everyone is looking for the next Mobileye.”

She said the Israeli smart transportation sector has attracted some $4 billion in investment over the past four years, roughly half of it driven by two industry leaders, Mobileye and Waze. During that time, the number of Israeli startups in the sector has grown from 87 in 2013 to over 500.

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Pop.Up flying car concept from Airbus and Italdesign

This car can fly, or maybe this copter can drive? It’s really both and either. The heart of the Pop.Up is a passenger capsule that can be attached to either the ground module (a skateboard-style electric car platform) or the air module (a drone-like flying contraption). It was imagined by Airbus and Italdesign Giugiaro and debuts in concept form at the Geneva Motor Show.

Pop.Up has a two-seat carbon-fiber cabin, the ground module is also carbon, and both it and the air module, with its eight counter-rotating rotors, are powered by batteries. The idea is to alleviate traffic problems in megacities. Depending on what the AI system onboard thinks is best, the passenger compartment can ride along on four wheels or be plucked from the ground by the air module. Easily the coolest part of this shared mobility system is the air module’s vertical takeoff and landing capability. The companies say this is their way of taking advantage of the third dimension, and here we thought we were already living in 3D.

Because this is really just a conceptual idea of a possible way to get around our congested future, it could theoretically also take advantage of hyperloops as a mode of moving the cabin. The companies also mention trains as a possible landing site for the people carrier. While we’re dreaming, we could see it bypassing elevators, taking people in high-rises right to their homes or offices.

Airbus definitely has experience in flying machines and in fact this isn’t its first stab at a personal air pod for people. The plane builder sees this type of solution as the next step in ride-hailing.

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A lighter, faster long-tail version of the McLaren 720S is on the way

The latest and greatest from Woking has barely broken cover, but McLaren CEO Mike Flewitt has confirmed to Car and Driver that there will be an even faster LT version sometime in the future. Flewitt said that the 675LT, a variant of the 650S, was so successful that it makes perfect sense to create a follow up. This will be great news for those McLaren enthusiasts that may be tempted to jump ship for the obscenely fast Lamborghini Huracán Performante that debuted in Geneva alongside the 720S.

Flewitt said there was a great deal of both internal and external enthusiasm surrounding the 675LT. Expect the new version to be a lot like the 675LT: lighter, sharper, and more powerful, with some mild styling changes but not a completely overhauled design. The twin-turbocharged 4.0-liter in the McLaren already makes 710 horsepower and 568 lb-ft of torque. Remember, that’s just the baseline. A mild bump in output is assured.

No word on when the car may debut, but don’t look for it anytime soon. McLaren most likely wants to give the 720S a bit of breathing room before it introduces a new model. Flewitt also suggested that an LT version of the 570S isn’t off the table. As long as it’s lighter, faster, and more powerful, we won’t complain.

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