If you're a real estate broker and see someone pulling up to your listed property in a Nissan Leaf, you should probably pay attention, because there's a pretty good chance that the driver of the very quiet car will be able to score a mortgage. According to data from Experian Automotive, EV owners tend to be both younger and more affluent than buyers of hybrid vehicles. Additionally, those EV buyers have excellent credit, says Experian, whose expertise is keeping track of these things.
Car shoppers are getting some pretty sweet deals on plug-in electric vehicles lately, with Honda joining the price cutting war with its Fit EV. Now that the early adopters are no longer in the market – they have theirs now – automakers are being pushed to bring down sticker prices to increase sluggish sales. The big question has become: What if these new car owners are dissatisfied with the EV experience?
The automotive industry is getting more evidence that it's time to expand product offerings or switch over to another business. A new study by the US Public Interest Research Group (PIRG) says the "driving boom" is over. While Baby Boomers loved their cars, their kids - aka Gen Y or Millennials - have different idea.
Massachusetts auto dealers are not taking "no" for an answer when it comes to Tesla Motors. On Tuesday, the Massachusetts State Automobile Dealers Association and other dealer plaintiffs filed an appeal after a court dismissed their lawsuit against Tesla's factory-owned stores on December 31, 2012.
Tesla Motors has taken on the huge challenge of reinventing the car shopping experience – while at the same time delivering what consumers are used to getting when they buy electronic products such as an iPhone. Since 2008, Tesla has opened about 25 retail stores and galleries in North America where consumers can learn about the company's all-electric offerings, and sometimes a test drive, before placing an order.