Hyundai and Kia Closer to Apple Car Deal

For years there have been speculations about Apple diving into the automotive industry by launching its own car; throughout the following years, It will be materializing all of the rumors. Hyundai and Kia have been working vigorously toward closing a deal with Apple on the development of its own autonomous and electric car which up until now has been referred to as the ‘Apple Car’.

However, there is no certainty of the partnership; in fact, many presume that Apple will end up working with a different automotive company since there is no evident nor strong reason for them to select this auto company. Both public relations representatives declined to answer or confirm the veracity of the deal, which leads us to assume that if the business is not structured yet, then there is still a lot of time for the concrete product to be launched.

Morgan Stanley analyst Katy Huberty pronounced herself on the financial aspect of the deal; she stated that this could immensely benefit Apple, to a point where they could reach ten trillion dollars by developing the Apple Car market. Even though their smartphone business is significant, the company would only need to buy 2% of the new deal shares in order to reach five-hundred billion dollars which is the annual amount sold in phones.

Needless to say, the car is planned to count with the highest level in technological structure and it is expected to be a self-drive car, meaning no one should be inside the vehicle in order for it to mobilize from one place to another. Also, many anticipate for it to be electrical and environmentally friendly. With that being said, it is fair for the public to expect either similarity or connections with the prestigious company, Tesla. Although Musk himself said that Apple CEO Tim Cook rejected the invitation of working together; without a doubt, these two successful companies together can start a completely new trend in transportation, robotaxis and self-driving cars. These types of innovations can transform the way in which food is deliver, how private and public transportation function, and many more things that only companies with such influence could achieve.

Should the Apple Car come to fruition, it will one day be a popular choice on the Swapalease.com marketplace.

Ford Production Is Also Being Affected by Chip Shortage

Semiconductor chips are essential when it comes to the manufacturing of new cars, it is connected with several important systems of the vehicle and they allow the engine to function as it should. Although these chips are seen in electronics and other consumer products, the current shortage has been seen in a specific industry. Last year, the entire automotive industry started noticing a shortage in the availability of this key piece; the auto demand had a very rapid and unexpected peak. Because of that, many companies were affected, and the global automotive business ends up on the same boat, since they all needed semiconductors in some way or another.

Ford is one of the companies from the auto manufacturers that already started cutting production down; action had to be taken due to the semiconductor chips shortage mentioned above. While they were doing great with their very profitable F-150 truck, the production had to be lowered to only two shifts per day, one less than before. Fortunately, the two plants that dropped production are expected to go back to normal by the end of February of this year, according to Ford spokeswoman Kelli Felker. Though the shortage is no good for the production numbers, the company’s stock shares have not felt the impact yet, in fact, they surprisingly went up.

Ford is just an example, important competitors of the brand had to make similar cuts in production. Volkswagen, Subaru, Toyota, Nissan, and various others are going through the same experience, expecting to be thousands of vehicles short of what was sold last quarter. The one purpose for them right now is to keep the plants running and to minimize the impact of the shortage in their financial realm. Ford president, Kumar Galhotra pronounced himself about this matter, referring to the semiconductor shortage as a “dynamic situation”. He expressed the effort that is being done in order to find solutions as fast as possible and the concern to relieve the damage that has been done.

General Motors confirmed some changes as well, what was going to be done at certain selected plants around the globe (Fairfax, Kansas; Ingersoll, Ontario, and San Luis Potosi, Mexico, South Korea). It is noticeable how the shortage has affected the industry; it is still unknown how it will evolve in the future, is hard to know if it will get better or worse. But what we do know is the changes and effort that come from the automotive companies, solutions are on their way.

Should the chip shortage significantly impact the supply of new vehicles in the months to come, demand for vehicles is expected to grow significantly in markets such as Swapalease.com for existing vehicles.

How Taking the Time to Drive Safely Can Save you Money on Gas

As a car owner, the price of gas is always on our minds. We are constantly trying different ways to find the best deal possible, whether it be through a gas app or even driving the extra mile to the gas station you know will be cheaper. The fluctuating prices of gas are confusing, and most of us cannot explain why the prices are constantly going up and down. But what if we told you, you do not need to worry about the gas prices as much as you are. There are simple ways that we can reduce the amount of gas you use while driving. The below tips will not only save you the gas money but will also ensure a safer driving experience.

Here are some tips on how to reduce the amount of gas our cars intake

1. Slow down and drive steady: Driving fast can be fun and exhilarating. But driving fast can lead to increased drag which increases fuel consumption. Driving the actual speed limit and staying at a steady speed will use gas more efficiently.

2. Monitor when and how you break: Some of us are heavy on the gas petal, while others are constantly riding the breaks. Braking excessively wastes gas and causes your brake pads to wear down sooner.

3. Keep the windows rolled up: You might not realize it but driving with the windows down wastes quite a bit of gas. This all has to do with eliminating wind resistance. Wind resistance in your vehicle once again increases the drag making it so more fuel is being used.

4. Gradually accelerate: When you gradually accelerate making your way up to speed, you are saving more on gas. Even though punching the gas will get you to the speed limit faster, it will burn up more fuel.

5. Do not carry unnecessary weight in your car: Sometimes it is impossible to avoid this. But each pound of excessive weight that you remove from your vehicle means the usage of less gas.

6. Keep up with general car maintenance: It is not only important to keep up with car maintain for safety purposes, but it could also save you money on gas. Sometimes we do not realize there is an issue because its minor but doing monthly checks on your engine could potentially save you money on gas if there is a problem.

In the Market for a New Vehicle, Is Now the Right Time?

Purchasing or leasing a vehicle as we all know is not a simple task or a straight-forward process.  Whether you are acquiring your first vehicle or your 5th vehicle, the process does not get any easier or less frustrating.  Buying or leasing a car at any time in your life is a big deal and an expensive purchase.  But what if you knew there were certain things took look out for when acquiring your vehicle?  In fact, there is a right and wrong time to get the best deals.

As somebody looking to acquire a vehicle, the first question you should ask yourself is about timing. Is now the right time?  If you do not know the answer to that question than you are in the right place.  Believe it or not getting the best deal possible on your new vehicle comes down to the intricacies of what day of the week it is, what month it is, and what time of the year it is.  Certain holidays during the year also bring potential opportunity for getting a better deal or lease terms as well.

To elaborate on the best day of the week for vehicle shopping, Monday historically has always been the best day of the week to negotiate a great deal.  The speculation as to why that is comes down to weekend shoppers. There is a higher chance the sales team has hit their weekend goals, so that come Monday, shoppers may get a better deal or more attention.

Do not forget though there is also a particular month you should go car hunting.  According to Cox Automotive, between the years of 2013 and 2018, data shows that May is the month when dealerships have the most foot traffic.  This could be attributed to the “aggressive holiday incentives and promotions” for Memorial Day.   Presidents Day, Memorial Day, July Fourth, Labor Day, Black Friday, and New Year’s Eve area all holidays that offer up great opportunities to walk away with that best car deal.

With all this being said, determining the best time to lease a vehicle may be out of your control, but Swapalease.com is here to help every day of the year. Visit www.swapalease.com to find your next lease deal.

2020 Hit the Auto Industry Hard, but Ended on A High Note, Why?

With the complete uncertainty and dreadful concerns surrounding the topic of Coronavirus, 2020 affected every aspect of normal day life, including greatly affecting the auto industry. The uncertain expectations that the year 2020 brought to the Auto Industry led to it suffering terribly, with sales being at an all-time low around the months of March and April, when the country went into lockdown.  What is interesting though, is there was a resurgence of auto sales which ended the year on an unexpected high note.  Which leads to the question of why the increase in sales?

One of the reasons why the auto industry took a positive turn in the right direction would be the implementation of the Covid-19 Vaccination.  The optimistic thought that the vaccination would enable consumers and businesses to return to somewhat of a “normal” lifestyle boosted the sales in the auto industry.

Another reason why sales increased would be the influx of people buying vehicles to avoid using the means of mass transit.  People also found themselves in situations where they had the opportunity to escape areas heavily affected by Covid-19 and relocate.  Another interesting reason why sales had increased is because people where finding more interest in purchasing light trucks vs. passenger vehicles, companies claim that they would have sold more light trucks if they had the inventory to keep up with all the orders.

Another interesting take on why the automobile industry did so well at the end of the year, would be how while some people faced economic problems others did much better economically because of not spending the amount of money they normally would on entertainment such as eating out and vacations.  Therefore, leading to an increase in used vehicles being sold and luxury vehicles.  It should be interesting to see what direction the future of the automobile industry goes in as the pandemic continues, but hopefully, nears an end.

Options When Your Lease Terms are Over

If you have been leasing your car and you have almost finished your lease term, you may be interested to know what your options are to acquire a new vehicle. Approximately 45-60 days before your lease ends, it is time to decide what you want to do with the vehicle. If you are unsure what to do at the end of your car lease, here are four options available to you:

  1. Buy Out the Car: If you really like the vehicle you leased, you can buy out the car from the dealer. It will cost you the residual amount of the value that was set in the lease.
  2. Extend your Lease: If you want to keep the same car, but do not want to buy it out, you can extend your lease. You can re-lease the car, but as a used-car lease instead. You may be able to negotiate a better deal as well!
  3. Return your Lease: You have the option to return your car to the lending company, who will end your lease responsibility and take the vehicle back into their inventory.
  4. Trade Up: If you find yourself enjoying the vehicle you have, and how the company has handled your lease, you can choose to lease again with the same company. You can trade up for a higher-end model car or get a new car altogether.

Fortunately, you do not have to be stuck in a car lease if you need out. Swapalease.com is the largest online marketplace for used car leases if you need options. Consider Swapalease.com as a matchmaking service for cars, matching up individuals who want to get out of a car lease with individuals who want to get into a car lease. The online marketplace has vehicles and customers in every state in the continental United States and Canada.

New Car Models Coming In 2021

Every year, the biggest automotive brands reveal their newest models, having consumers ready to buy or lease as soon as the New Year arrives. The cars, trucks, and SUVs seen here will not reach dealer lots for anywhere from a few months to a few years. Some of them will be ready as we enter 2021, and others have not emerged from the design studio yet. Here’s a few vehicles to keep an eye out for:

Alfa Romeo Tonale: The upcoming Alfa Romeo Tonale promises to be a rare beauty in a sea of luxury-subcompact crossovers. Plus, it’s Alfa Romeo’s first hybrid model. Previewed by a concept model at last year’s Geneva auto show, the production version should arrive later this year, starting around $35,000.

Audi E-Tron GT: Audi’s electric e-tron lineup grows for 2021, with the shapely e-tron GT joining today’s crossover. This GT is aimed squarely at Tesla’s Model S. Audi is hoping it will deliver more than 250 miles of driving range and nearly 600 horsepower from a pair of electric motors.

GMC Hummer EV: While General Motors discontinued the Hummer in 2010, its poised to make a comeback for 2022 in an all-electric sub-brand of GMC. The vehicle will offer 1000 horsepower and GMC claims it is capable of blasting from zero to 60 mph in just 3.0 seconds. GMC will release full details in the fall.

2021 Jaguar XJ: Jaguar’s full-size XJ sedan is getting old, but you would not know it by looking at the seductive four-door. Jaguar is looking to replace the XJ with an all-new model for 2021. And Jag is going bold: The next XJ will be fully electric, with some 300 miles of driving range and DC fast charging.

Did you know Swapalease.com, the largest online lease transfer marketplace, carries inventories from these same brands and similar models?

Swapalease.com is the online marketplace with vehicles and customers in every state in the continental United States and Canada. For more information on finding the best car lease deals or to learn how you can have a successful car lease trade, visit Swapalease.com or contact them at 866-SWAPNOW.

Uber Remains Invested in Automated Driving, Takes Back Seat on Driverless Cars

Uber announced on Monday that its autonomous driving unit known as ATG, will be acquired by Aurora Innovation Inc., a startup company that will gain extra capital from Uber as part of the deal. The appeal to Uber is that it takes driverless cars off the Uber balance sheet. Uber owned approximately 86% of ATG at the end of September with small stakes in Toyota and its supplier Denso. After this new deal, Uber will own about 26% of ATG.

The acquisition means that Uber will not need to consolidate the expense of developing driverless cars. The deal also helps to alleviate Uber of liability surrounding the Waymo scandal, where Waymo sued Uber for stealing trade secrets, followed by a pedestrian accident with an Uber test vehicle.

Having larger partners is important as driverless cars need to be integrated with technology. The deal will also give Aurora a $10 billion valuation, sitting shortly behind Waymo and General Motors. This and the postdeal shareholdings imply a valuation of $4 billion for ATG—markedly down from its previous valuation—and $6 billion for the original Aurora business, which was valued at just $2.5 billion early last year.

To live up to its $10 billion price tag, Aurora will come up with a credible plan a manufacturing a safe driverless vehicle to roll out in scale. A complex merger-integration process may not make the challenge easier. Aurora has roughly 600 staff, compared with ATG’s 1,200, but Aurora boss Chris Urmson will lead the combined company.

Aurora also secured a small investment from Amazon just last year and has discussed applying its technology to the freight business.

Amazon Technology Takes Over the Road with Alexa As a Copilot

Although Amazon technology has reached millions of homes all over the world; the idea of an intelligent voice device designed for driving seems quite innovative, to say the least. While it started as a simple portable car charger; today, Alexa-Enabled car chargers are devices that count that give you complete voice control within your car. It seems like Alexa is waving Siri and Google Assistant goodbye, and it is positioning herself as copilot.  

Amazon’s gadget counts with over twenty-five thousand Alexa skills; you can ask for directions, hear the latest news, shop online, play music, call your loved ones, and so much more. While the tool counts with a dual USB port and an AUX entry to connect up to two phones; the system was initially designed and meant to function wireless, meaning via Bluetooth. The ‘Echo voice system’ used for the car device is the exact same one incorporated in all of the other Amazon personal assistantstherefore, customers already seem familiarized to it, in fact, they have responded with very positive feedback to the new driving experience and its surprising affordability.   

Without a doubt, the greatest and most valuable part of it all has to be the safety offered for those on the road. Each one of these functions is designed to be requested and completed without the need of taking the eyes of the road, not even a second. Which as you knowthat is what makes Alexa-enabled car charges a game changer; safety will always come first and then everything else.  

While it is true that Amazon’s device may completely change your car rides, it certainly does not change your carHeadquartered in Cincinnati Ohio, Swapalease.com is an online marketplace that allows drivers to list their current lease and helps match them with buyers looking to take over the remainder of that lease. It is definitely a ‘win-win’, both parties get what they are looking for; plus, it lets you enjoy the convenience of online shopping from the coziness of your home.  

New Car Sales on the Rise In December

For the past few years, November new-automobile income has experienced discouraging numbers, especially because of the lower number of selling days ithe month.While many reputable auto brands suffered a decline in volume-based sales,their average annual profit went up higher when adjusted for the daily selling rateAlthough, the devastating effects of this year’s pandemic seem to continue; there is a slow yet consistent recovery process happening on the new-automobile industry. COVID-19 has evidently left a mark on the vehicle market and companies like Toyota, Subaru, and Hyundai do not seem very happy about it.  

Fortunately, as December arrives, a significant part of this year’s reports come in too; surprisingly and fortunately, they are optimistic. The reports suggest that November’s numbers were not an accurate representation of the year’s sales, they simply showed the obvious and expected consequences of what happens when there are fewer selling days than usualimplying that the annual statement looks much better and way more promising that it did last weekNevertheless, the final and absolute declaration can only be given once the companies that report quarterly, release their statistics.  

While it is true that there was a decline in November deals, automobile manufacturers continued to increase their average in transaction prices for new cars.  According to the results shown by an evaluation done by Kelley Blue Book; Fiat, Chrysler, and General Motor vehicles were on the top of the list when it comes to price increases within the industry, 1.3 percent to be exact.  

It is no mystery that 2020 has been a tough year for most of the industries, the automobile market is no exception; however, it is going through a recovering process that has been more enthusiastic than it was expected to be. Customers have not forgotten about the importance of buying a vehicle and the guilty pleasure that comes with it, regardless of the economic challenges presented by a sudden global pandemic. As stated above, December brings hope to the global new-vehicle industry, as usual. Since the results demonstrate that November numbers did not meaningfully affect the annual profit, they leave the automobile industry with high expectations for next year and a continuing recovering process.