BMW Alters Guidance in Face of Pandemic

BMW Alters Guidance in Face of Pandemic

German luxury vehicle maker BMW revised its guidance for the 2020 financial year downward because of the pandemic, which has stalled the global economy. “The Board of Management of BMW AG noted the measures to contain the coronavirus pandemic are lasting longer in...
Used Car Prices Taking a Hit During Pandemic

Used Car Prices Taking a Hit During Pandemic

The decline in new vehicle sales due to the coronavirus pandemic isn’t just a problem for automakers’ bottom lines. The full stop on sales is taking its toll on the used car market as well, causing prices to fall precipitously. When the country enters tough economic...
Britain Proposes Moratorium on Car Payments

Britain Proposes Moratorium on Car Payments

The enormous economic fallout from the COVID-19 pandemic has sent the global economy into a freefall, prompting financial regulators in Great Britain to take a look at a new strategy to help cash-strapped consumers — a moratorium on car payments. Britain’s financial...
Empty Roads Mean Faster Speeds

Empty Roads Mean Faster Speeds

For those living in the little town of Pleasant Ridge, Michigan, the silver lining of the state’s pandemic shelter-in-place order was a sharp drop in traffic along both I-696 and eight-lane Woodward Ave., traditionally busy thoroughfares that slice through the city....
GM Shuts Down New Orders for New Corvette

GM Shuts Down New Orders for New Corvette

Perhaps the most-anticipated Chevrolet Corvette ever, the new C8 Stingray, is no longer available — to be ordered. The company stopped taking orders for the 2020 model March 18, due to overwhelming demand combined with a strike-induced delay on getting the Bowling...
CarMax Warranty, Extended Service Plan, Cost & Our Take

CarMax Warranty, Extended Service Plan, Cost & Our Take

  Affiliate Disclosure   x The Detroit Bureau and its partners may be compensated if you purchase the recommended services. This allows us to provide in-depth research at no cost to you. CarMax is a Fortune 500 used-car retailer. The company has more than...