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Black Book: Vehicle Values Down in November

Posted By GMbeat on Articles - According to Black Book data, the average price of a used vehicle for model years 2012-16 depreciated in value by -2.2%. Cars overall dropped -2.6% and trucks decreased -1.8% in value during November. All vehicles are averaging a 12-month depreciation of -13.2%. Small pickups were the only vehicle category to increase in value during November, increasing in value by +0.4%. Vehicles in the small pickup category include the Toyota Tacoma, Chevrolet Colorado, GMC Canyon, Nissan Frontier and the Honda Ridgeline. Small pickups ended the month with an average segment price of $21,454, a -6.8% drop.

How Uber Is Driving Itself Into the Ground

Posted By GMbeat on Articles - Uber is the biggest unicorn on the private market right now, and it's had an incredibly rough 2017, replete with scandals and money trouble. In this clip from Industry Focus: Tech, market analysts Dylan Lewis and Evan Niu take a deep dive into the significant business model problems that Uber is facing; why even if the company goes through with an IPO, investors might want to stay away from this one; how Lyft fits into the picture for Uber and the ridesharing market; and one potential spot of hope on the horizon for both Uber and Lyft. A full transcript follows the video.

Lyft Offers Drivers Tuition Discounts Through Guild Education

Posted By GMbeat on Articles - Ride-sharing companies are quick to note that most of their drivers are part-timers looking for supplementary income, or a short-term job while they look for something more permanent. Lyft is trying to help its drivers take another leap forward.

The sky's the limit: flying car racing series under development

Posted By GMbeat on Articles - Australia bid goodbye to local automobile manufacturing this past October as the final Holden Commodore rolled off the assembly line, but perhaps the country will be at the forefront of another transportation sector: flying cars.

Kelley Blue Book's 10 Best New-Car Deals for December

Posted By GMbeat on Articles - Bargain hunters looking for 2017 models and end-of-year deals might want to check out a list compiled by Kelley Blue Book and released Tuesday. The Honda Civic ranks at the top of the list for December shopping for lease deals.

GM’s Mary Barra: Driver-Owned Vehicles Not Going Away

Posted By GMbeat on Articles - General Motors CEO and chairwoman Mary Barra believes that even with the move to ride-sharing and mobility services, there’s still a future for driver-owned vehicles. Speaking at an Automotive Press Association event in Detroit, Barra said that there isn’t an industry that technology isn’t disrupting and that dealers need to adapt to changes happening in the automotive sector.