Motor price – Seminole Tribe Motocross Sun, 02 Jan 2022 23:59:33 +0000 en-US hourly 1 Motor price – Seminole Tribe Motocross 32 32 Motor Vehicle Law: Life Tax Increases Purchase Price of New Vehicle | Vijayawada News Sun, 02 Jan 2022 22:42:00 +0000 Vijayawada: With the entry into force of the amended Motor Vehicle Law on January 1, the prices of new vehicles will increase in Andhra Pradesh. As the green tax has also been increased on older vehicles, vehicle owners will also have to pay a higher tax.
The state government recently passed the amended Motor Vehicle Act. The tax tiles have been amended in accordance with the new Motor Vehicle Law adopted by the Union government.
The lifetime tax brackets have been increased from 1% to 4% depending on the price of the vehicle. If the cost of the vehicle is less than 5 lakh, a 13% tax will be imposed on the existing 12%. For vehicles that cost more than 5 lakh and less than 10 lakh, the tax has been increased from 12% to 14%. For vehicles between 10 lakh and 20 lakh, the lifetime tax would be 17%. For vehicles priced over 20 lakh, 18% tax must be paid.
Regarding the green tax, the state government imposed an amount equivalent to half of the quarterly tax on transport vehicles less than seven years old. If the age of the vehicle is greater than seven years and less than 10 years, the ecotax would be an equivalent amount of quarterly tax. If the age of the vehicle is over 12 years, double the quarterly tax must be paid as an ecotax. ]]>
What the UK Home and Auto Insurance Disruption Means for the Price You Pay Assurance Sat, 01 Jan 2022 07:00:00 +0000

The biggest upheaval in the insurance industry in decades comes on New Years Day, when insurers will be banned from offering policyholders a higher price for renewing home or auto insurance than they would for. a new customer. This decision will improve the situation for some customers, but others should pay more.

What does it all mean?

After years of complaints that customers who regularly change insurers were paying significantly lower premiums than those who renewed automatically, the Financial Conduct Authority (FCA) said both groups of customers should now be offered the same price.

The FCA had found evidence that insurers attracted new customers with artificially low prices, then increased premiums over the following years – a practice known in the art as “price walking.” Insurers have also been found to cynically target customers they believe are less likely to change in the future. This decision aims to put an end to the two-tier insurance market that has developed as a result.

How will it work?

If the regulations are enforced as intended, an auto or home insurance customer receiving their renewal notice at the end of the year will be billed the same premium as if they requested to switch to that company from a competing insurer. Until now, insurers have offered generous discounts in the first year – often at cost or below – to entice customers in the hope that they would be able to increase their premiums in subsequent years.

However, it is a little more complicated than it seems at first glance. Insurers must demonstrate, overall, that they are billing new and existing customers who obtain insurance through the same “channel” at the same price. In effect, this means that insurers can still charge different rates for customers who use different price comparison sites (channels), but they cannot favor new customers over existing customers.

The changes could be bad news for customers who change insurers every year. Photograph: Panther Media GmbH / Alamy

What does this mean for the prices?

The move appears to be bad news for households that change home and auto insurers every year in search of the lowest premiums for new customers. Nothing prevented people from switching providers each year to take advantage of the discounted offers – and millions of people have done so. This group will no doubt end up paying more each year to insure their home and car because those discounts will no longer be there. Conversely, the FCA has said it expects loyal customers who automatically renew their policies to save £ 120 a year each.

Martin Lewis, the founder of the MoneySavingExpert website and one of those who helped turn UK consumers into a nation of switches, said: Rates will be closer to the middle as happened in 2012, when insurers have been banned from gender price discrimination. This means that the savings resulting from the change are likely to decrease relatively.

“We still don’t know how exactly that will work, but switch prices will most likely be relatively higher for January. “

Overall, insurance prices will continue to rise (and sometimes fall as happened during the pandemic), but they should move the same for all customers – rather than those that change regularly. .

Will it still be worth doing a price comparison on renewal?

Yes and that is still the best advice. Insurers tend to target different segments of the market, and some may still want to attract you as a customer and will quote accordingly. The big savings from switching products will probably be a thing of the past, but there will always be savings to be made. Expect insurers to continue offering deals through price comparison websites like Moneysupermarket, ComparetheMarket, etc. New entrants will always offer attractive prices to attract customers.

It should be noted that the price walk was particularly prevalent in the home insurance market where renewal contracts were often charged double or even triple what they would have paid as a new customer of the same company. .

Anyone who has not traded home insurance in recent years is advised to do a price comparison when renewing it. Guardian Money is regularly contacted by people who are shocked to find out what their elderly friends and relatives have paid for their home insurance. Households found themselves paying almost £ 1,000 a year for coverage that could be purchased elsewhere, or even from the same provider, for £ 250.

BMW iX electric SUV certified for a range of over 300 miles Thu, 30 Dec 2021 15:32:41 +0000
BMW’s first all-electric SUV has everything from a 0-60 second time of 4.4 seconds to creature comfort constructed from durable materials. And it does it all with over 300 miles of range.

The official EPA certifications for the 2022 BMW iX have been released. Each version of the 5-seater SUV can travel over 300 miles on one charge.

The iX hits US dealerships in the first quarter of 2022. Prices start at $ 83,200 plus a destination charge of $ 995.

The iX comes with just one powertrain option – a 516 horsepower setup that uses one motor on each axle to create all-wheel-drive grip. There are three wheel sizes available to buyers to choose from, which affects the lineup slightly. With the standard 20-inch wheels, according to the EPA, the iX should travel 324 miles between charges. Bigger 21-inch wheels reduce it to 305 miles. Oddly enough, even bigger 22-inch wheels push it up a bit. This version is good for 315 miles.

The iX is a bit of an experiment for BMW. The German company designed it to fit in with the rest of its lineup – sportier than the average SUV and still luxurious. But they also designed it to test their ability to make cars in a sustainable way. This meant not only using recycled parts, but also planning how the parts could be recycled at the end of the car’s life. BMW has even gone so far as to invest in more sustainable lithium mining, trying to emphasize human rights in the growing battery industry for electric vehicles.

Class of 2022: All new and redesigned cars, trucks and SUVs

Buy a pre-owned 2018-2020 Hyundai Santro Mon, 27 Dec 2021 03:30:00 +0000

Posted on Dec. 2021 09:00:00

The Santro has long been a popular choice when it comes to well-equipped and practical small sedans. We help you buy a used one.

GOOD FOR: Space, easy to drive

WARNING : AMT gearbox, wear of the suspensions

New Santro, being reliable and practical, appears to be a good option for a second-hand purchase. However, here are a few things to note before making the purchase.

The original Santro was one of the most popular cars in India and it was renowned for its space, practicality and ease of driving. Hyundai re-launched the Santro nameplate with the launch of this new model in October 2018.

The new Santro is powered by an updated version of the Epsilon engine from the old Santro Xing. The 1,066cc four-cylinder – three valves per cylinder – is capable of producing 69hp and 99Nm when running on gasoline and 59hp and 84Nm when fueled with CNG. The petrol versions get either a 5-speed manual or a 5-speed AMT gearbox, while the CNG models only get the first.

The energy efficiency figures of the Santro evaluated by the ARAI are 20.3 kpl for the gasoline-manual and gasoline-AMT models. In our fuel-efficient races, the manual gasoline Santro delivered 12.69 kpl in the city and 19.12 kpl on the highway. AMT, meanwhile, returned 11 kpl and 18.6 kpl in our city and highway test loops, respectively. Santro CNG variants can travel 30.5 km on one kg of gas (ARAI).

The new Santro launched in five versions – D-Lite, Era, Magna, Sportz and Asta. However, only the manual petrol version was available in all five options at launch. The AMT and CNG petrol models could only be available in the mid-size Magna and Sportz versions.

However, Hyundai later introduced a top-of-the-range Asta AMT to Santro’s lineup. In terms of features, the top-of-the-line Asta comes with a 7-inch touchscreen with Apple CarPlay and Android Auto compatibility, rear air vents, fog lights, electrically adjustable mirrors, remote locking, a Rear windscreen washer / wiper with defogger, steering wheel controls. , 14-inch steel wheels with wheel covers and power windows all around. Safety features of the Santro Asta include dual airbags, ABS, rear parking sensors, rear view camera and front seat belts with pretensioner and load limiter.

The interior performs well in terms of appearance and quality; Dana Green Santros gets an all-black theme.

Since it launched in nine different configurations, choosing the right one for you can be tricky. If you want a car that’s cheaper to drive and greener than a regular hatchback, the Santro CNG is for you. Otherwise, if you mostly run on congested city roads, gasoline-AMT is absolutely the one for you. The gasoline manual works well too, but the AMT gives you that added convenience for only a marginal difference in fuel economy.

In terms of variations, it is better to go for one of the top three versions. The base D-Lite and Era are really simple and only have a few features. If you are on a budget, it is better to go with the Magna or Sportz finish. The Sportz trim, in particular, offers all the features you would need, like the 7-inch touchscreen and electrically adjustable mirrors, among others. However, if budget is not an issue, it is better to go for the high-end Asta variants as they offer all the perks.

The Santro is a reliable car and is backed by Hyundai’s extensive service network in India. Spare parts are relatively inexpensive and easily accessible, which should provide buyers with peace of mind.

Buyer, beware …

Wear of the suspensions

Take a test drive and check if the car crashes excessively through potholes or makes squeaks. This is a sign of wear of the suspension bushes, which will need to be replaced.

AMT gearbox

During a test drive, also check to see if the car comes off the line smoothly and the AMT gearbox shifts smoothly. AMTs are susceptible to early clutch wear and some Santro owners have experienced this issue so it is best to test it before purchasing.


Before proceeding with the purchase, it is recommended to inspect the underbody of the car. The Santro doesn’t come with a lot of underbody protection from the factory, so it’s best to make sure there’s no damage or rust underneath.

Also worth knowing

While it’s rare, some owners have experienced issues with the Santro’s touchscreen, so it’s best to make sure it’s working properly. Other things, it is always advisable to check the condition of consumable parts like tires, brake pads and filters before making the purchase.

How much to spend

Rs 3.5 to 5.5 lakh

Paying between Rs 3.5 lakh and 5.5 lakh for a used Santro, depending on the engine-gearbox, trim level and mileage, is good value for money. The second-hand market demand for Santros is not high, so you have some negotiating room.

Would you like to buy a used Santro? Or would you choose something else? Let us know in the comments below.

Hyundai Santro specifications
Years of production 2018-present
New condition Rs 3.89 lakh (ex-showroom, Delhi)
Motor 4 cylinders, 1066cc, gasoline
To be able to 69hp / 59hp (CNG)
Couple 99Nm / 84Nm (CNG)
Start space 235 liters

Copyright (c) Autocar India. All rights reserved.

New Maruti Suzuki Alto: expected engine, features, launch and more Sat, 25 Dec 2021 01:30:00 +0000

Posted on 25 Dec. 2021 07:00:00

The next-gen Alto is expected to be a new product from the ground up; will be launched by Diwali 2022.

Maruti Suzuki is preparing a slew of new models for a 2022 launch on the Indian market. And while most other models like the Vitara Brezza, Baleno and XL6 will be updated with a full facelift, Maruti’s bread and butter car – viola – will see a complete model change. The all-new Alto’s test mules have already been spotted several times. Here are five key things you need to know about the new generation of Maruti Suzuki Alto.

  • The new Alto will be supported by Maruti’s Heartect platform
  • Will be larger than the outgoing model, more spacious inside
  • Existing 800cc petrol engine set to be taken over

2022 Maruti Suzuki Alto: a whole new platform after the ages

We’re told that the upcoming third-gen Alto will most likely upgrade to Maruti’s modular Heartect platform that underpins many other models as well, depending on the segment. The test mules that have been spotted so far suggest that the new Alto will be taller and wider, and that it will most likely also have a longer wheelbase than the previous car. Despite its larger dimensions, the Heartect platform is expected to reduce the weight of the car, which means it could be more fuel efficient as well.

2022 Maruti Suzuki Alto: exterior styling

The design of the new Alto is expected to be an evolution of the current model. Contrary to S-Presso, Maruti doesn’t appear to have taken an SUV-like styling approach to the new Alto, as it retains its basic shape and hatchback character. It will, however, benefit from an all-new front end, with larger, upward-sloping headlights, a new bumper with an oversized mesh grille, new fog light housings and a clamshell hood.

In profile, the new Alto is expected to feature a similar greenhouse and door design with pull-out door handles. Test mules were spotted on 13-inch steel wheels. At the rear, the new Alto will have a taller, squarer tail light design, a flatter look for the tailgate, and an updated rear bumper.

2022 Maruti Suzuki Alto: interior and features

The interior of the new Alto is also expected to be completely overhauled. While we haven’t seen any spy photos of the interior of the new Alto yet, we expect a more modern design and the addition of new features. Higher-end variants could get a touchscreen infotainment system, keyless entry, semi-digital instrument, power steering, and dual airbags, although to keep costs down it would have to continue with air conditioning. manual and monobloc front seats.

Considering the larger dimensions, the new Alto could also be more spacious inside. As is the norm with Maruti, several parts and trims of the new Alto could be shared with other Maruti models such as the S-Presso and Celerio.

2022 Maruti Suzuki Alto: engine and gearbox options

At launch, Maruti is expected to offer the Alto with the proven 796cc three-cylinder petrol engine that produces 47hp and 69Nm of maximum torque. The car manufacturer can also offer the celeryThe K10C petrol engine with dual-jet technology on the new Alto, as the Heartect platform will also be able to support it. Maruti claims first-rate fuel economy numbers with Celerio’s K10C engine, which could make it a great choice for the budget Alto and a spiritual successor to the discontinued K10 Alto. Transmission options could include a 5-speed manual and a 5-speed AMT gearbox.

2022 Maruti Suzuki Alto: planned launch, prices and competitors

Maruti is expected to launch the new Alto around Diwali 2022. Considering all the updates it is expected to receive, expect a slight price hike as well. Currently, the price of the Alto is between Rs 3.15 lakh and 4.82 lakh (ex-showroom, Delhi). Once launched, the new Alto will continue to compete with the Renault Kwid.

Image source

What are your first impressions of the all-new Maruti Alto? Let us know in the comments below.

Also see:

Launch of the new Maruti Suzuki Brezza by mid-2022

2022 Maruti Suzuki Baleno: what’s new

Copyright (c) Autocar India. All rights reserved.

New electric Toyota bZ4X to start at just under £ 42,000 Thu, 23 Dec 2021 09:20:00 +0000

Toyota’s new electric family SUV, the bZ4X, goes on sale in the UK next year with prices starting at just under £ 42,000. The all-new car will be offered in a choice of three base trim levels, although a high-specification Premiere Edition version will also be available to mark the debut of the bZ4X.

The bZ4X is being built as part of a joint venture with another Japanese automaker Subaru, which is launching a roughly identical car under the Solterra name. Both will be fully electric alternatives to the Skoda Enyaq iV, Ford Mustang Mach-E and Volkswagen ID. 4.

Things start with the entry-level Pure grade, which starts at £ 41,950 and comes with 18-inch alloy rims, an eight-inch infotainment screen and digital instrumentation display, as well as a rear view camera, air conditioning system and keyless entry. Optional extras will include roof rails and even a tow pack.

The Basic Pure bZ4X will be offered exclusively in a front-wheel drive version, with power from a 201 hp electric motor. This, in turn, will be powered by a 71.4 kWh lithium-ion battery that is expected to provide up to 280 miles of range in the official economy test.

The switch to the Motion model allows customers to choose between Pure’s front-wheel drive system or an all-wheel-drive electric powertrain, which offers 215 hp. Both give the bZ4X the same top speed of 100 mph, but the all-wheel-drive car is more than half a second faster at 62 mph, handling the benchmark sprint in 7.7 seconds.

Toyota bZ4X

Motion models start at £ 45,750 in the front-wheel drive version, rising to £ 48,350 in the all-wheel-drive format. That pays for a rear spoiler, private rear window, and power tailgate, along with parking sensors, heated front seats, and wireless phone charging. And for those who want more, there’s a list of options with a panoramic glass roof, 20-inch alloy rims, and additional safety tech.

The base line is rounded off by the Vision grade, which gets 20-inch alloys as standard, not to mention rear parking sensors with automatic braking function, synthetic leather seats and both heated and ventilated front seats. There is also a heated steering wheel, as well as a “digital key” system that allows operation of the car with a smartphone app. Front-wheel drive and all-wheel drive versions will be available, priced at £ 47,650 and £ 50,250 respectively.

Finally, the £ 51,550 Premiere Edition will mark the car’s UK launch, providing all Vision gear, as well as a nine-speaker JBL sound system and panoramic glass roof. The car comes standard with all-wheel drive.

Toyota Hilux India Price – You Should Know »MotorOctane Tue, 21 Dec 2021 12:42:56 +0000

Toyota hasn’t launched any new products in India for quite some time. Since collaborating with Maruti, he has only launched rebadged Maruti products. But that will change soon as Toyota brings some of its global products to India. The first of these will be the Hilux pickup truck. Recently, the Hilux was spotted on a marquee shoot in India. So how will Toyota price the Hilux? In today’s article we will see the Toyota Hilux India price.

Toyota Hilux India Price

Toyota will need to price the Hilux competitively in order to dominate the market. Since it will share several parts with local Fortuner and Innova products, we would expect Toyota to price it between Rs 18 lakh and Rs 25 lakh (ex-showroom). At this price point, the Hilux has the potential to completely reign in this segment due to its popularity and capabilities. It is only the competition will be the Isuzu D-Max which starts from Rs 17 lakh (x-showroom).

Dimensions and design

Toyota Hilux India Price

The Hilux comes with various cabin options like Crew Cab, Regular Cab, and Smart Cab. Toyota could also have these cabin options in India. In terms of dimension, it will be between 5,275-5,345mm in length, 1,800-1855mm in width, and 1,690-1810mm in height. It sits on a 3085mm wheelbase and has a ground clearance of 279mm. From a design standpoint, the Hilux looks like a typical Toyota SUV. It gets an aggressive grille design with a lot of chrome use. The side and rear profile gives it an all-terrain urban vibe.


Toyota Hilux India Price

Which engine Toyota will offer on the Hilux is still a mystery, but we expect the brand to offer both gasoline and diesel engines. The gasoline engine could be the 2.7 liter gasoline engine used on the Innova. Toyota may offer different diesel engines on the base model and the top model. Lower variants could get Innova’s 2.4-liter diesel engine while higher variants could get the 2.8-liter diesel engine used on the Fortuner. We expect both engines to come with manual and automatic transmission options.


Toyota Hilux India Price

Since the Hilux is aimed at modern buyers, Toyota will load it with a decent amount of features as well. It will come with an 8.0 inch infotainment touchscreen with Android Auto and Apple CarPlay, alloy rims, automatic climate control, and more.

If you have any doubts about buying a car, click here to ask! Get the lowest price for auto insurance here. For more content like this, subscribe to MotorOctane Youtube, Google News Facebook and Twitter. Also follow us on Flipboard and Reddit where we have a chat community.

]]> How shares of this neglected aviation company could skyrocket Sat, 18 Dec 2021 01:31:00 +0000 Travel is again the prey of Covid-19, with people wondering if they should abandon their plans to ski travel to Canada for Peloton workouts at home. Flying under the radar is a small-cap aviation stock that could be poised to explode, especially if the Omicron variant becomes a threat next year.

Investors in transport and fortress infrastructure

(ticker: FTAI) is a major player in the rental of aircraft engines to passenger and freight carriers. Structured as a limited partnership, or LP, it also owns infrastructure assets including railways, an energy terminal and a power plant.

More than two-thirds of Fortress’s revenue comes from aviation, which needless to say is under pressure. But sales are expected to jump 74%, from $ 492 million in 2021 to $ 857 million next year, according to Wall Street estimates. Profits are estimated at $ 1.44 per share in 2022, down from a loss of 91 cents this year. The stock, which pays an annual dividend of $ 1.32, returns 5.0% at a recent price of $ 26. It is trading at 18 times the profits.

What makes it really intriguing, however, is a catalyst that has worked wonders for other limited partnerships: Fortress plans to convert to a corporate structure. And it is divided into two shares negotiated separately, one for aviation, the other for infrastructure.

“A pure aviation story will be easier to understand than a story with four infrastructure assets,” said Fortress CEO Joe Adams. Barron. “We think we will reach investors who won’t buy the stock now because they don’t understand or don’t know the other sector.”

Headquarter: New York
Recent price: $ 26.23
Current year change: 12.5%
Market value (bil): $ 2.6
2022E sales (in millions): $ 857
Net income 2022E (in millions): $ 148
RPA 2022E: $ 1.44
PER 2022E: 18.2
Dividend yield: 5.0%

E = estimate

Source: FactSet

Pending regulatory approval, expected in January or February, the $ 2.6 billion company will split into separate aviation and infrastructure companies. The conversion will eliminate the need to file K-1s, complex tax forms that prevent many hedge funds and mutual funds from directly holding LPs. Index funds that are not eligible to hold limited partnership units may also purchase shares of the companies, thereby broadening the investor base.

The conversion playbook was a hit in private equity, where several companies made the switch in 2018 and 2019. Private equity stocks gained an average of 22% in the 12 months following a conversion, compared to a return of 4 % for the S&P 500 Index. Some Energy Masters limited partnerships have also experienced a rise in stock prices after moving to a corporate structure.

Fortress rents 450 engines, including equipment on 120 aircraft it owns. Two-thirds of its engines are the workhorse of the industry: a narrow-body model known as the CFM56, with 22,000 trade units in circulation around the world. Fortress buys used engines, overhauls them, and then leases them to passenger or freight carriers; around half of its business comes from European airlines, with the rest scattered around the world.

Airlines often turn to rental because it cuts down on capital expenditure. This is especially crucial now that many carriers are flying on shoestring budgets, with trips deeply depressed. Fortress recently made deals with Avianca and ITA Airways, for example, buying 35 planes from carriers and re-leasing them.

Lease periods are on average 18 months for engines and 36 months for airplanes, followed by a necessary overhaul before an engine can be returned to service. Rates are typically $ 60,000 per month, plus maintenance. About 74% of Fortress’s autonomous engines are in service. Rental rates increase and terms are extended as flight time increases. There is also a shortage of aftermarket engines due to the postponement of overhauls by airlines to save capital.

The aviation industry is expected to be more profitable as Fortress vertically integrates parts and maintenance services. The company has a new joint venture with parts maker Chromalloy to build five critical spare parts for CFM56 engines (four are awaiting regulatory approval). Fortress may purchase these parts at cost from Chromalloy and receive reduced sales to other airlines. Fortress also entered into a new maintenance services contract with

Lockheed Martin

(LMT), and it works with


(AIR) to repair and resell parts.

The partnerships are expected to make Fortress the cheapest CFM56 engine operator in the industry, says Giuliano Bologna, analyst at Compass Point. “They are the only ones who can source parts at cost,” he says. “It’s a significant improvement and a return they can earn. Fortress expects to save $ 3 million on an average engine overhaul of $ 6 million, giving it more money to reinvest, finance equipment, or pay dividends.

Parts and service offerings are also expected to increase operating profit. The company expects its aviation segment to generate $ 550 million to $ 600 million in profit before interest, taxes, depreciation and amortization, or Ebitda, next year, up from an estimated $ 370 million in 2021.

Fortress’s infrastructure assets are also expected to start generating positive cash flow, after years of development and acquisition costs. Its Ohio power plant recently began operating with an average of 8.5 years of contracted electricity at fixed prices. For its power terminal in Texas, Fortress signed a 10-year contract with

Exxon Mobil

(XOM) last summer, from 2023. It also has two other projects: a railroad for transporting steel in Indiana and Pittsburgh, acquired from

American steel

(X) this year, and a 1,600 acre site in New Jersey that it is developing as a liquefied natural gas storage and export / import hub.

What is all this worth? Bologna hits $ 41 in combined net worth after the split, the aviation title is worth $ 32, and infrastructure is $ 9. It values ​​the two parties at nine times the 2023 EBITDA of $ 821 million, three quarters of which in aviation. “There is an execution risk to the story,” he says, “but if you peel the onion the complexity will be greatly reduced and it will open up the stock to more investors on either side.”

Some hedge funds see value in the stock. Jacob Rubin, portfolio manager at Philosophy Capital, expects stocks to hit $ 40 to $ 50 by the end of 2022, eventually reaching $ 80 in a “bullish scenario.” One problem would be regulatory delays in approving more aviation parts, he notes. Still, says Rubin, even if the stock hits $ 40, “that would be a tremendous return.”

Brian Smoluch, co-manager of

Hood River Small Cap Growth

fund, owns 3.2 million Fortress shares through his company. “There are a lot of ways to explain why this thing is cheap,” he says. “He’s just waiting for a catalyst.

Write to Daren Fonda at

Should a dealership stick to their advertised online price? – NBC 5 Dallas-Fort Worth Thu, 16 Dec 2021 07:27:34 +0000

A North Texas car buyer contacted the NBC 5 Responds team after he said a salesperson at a dealership told him a car would cost thousands more than advertised online.

Read on to learn more about dealer advertising rules and what consumers need to know before taking a test drive.

“I finally found one that I liked”

After a family member destroyed Roxanne Thomas’ car, she spent two weeks searching for her next vehicle.

“A lot of the dealerships are running out of cars and I finally found one that I liked,” Thomas said.

It was a 2022 Hyundai Tucson advertised for $ 32,875 on a car research website. Thomas said she contacted the dealership who confirmed the car was available. That same day, she drove from Cleburne to Arlington for a test drive.

“I drive him and that’s when he said, ‘Oh, that’s $ 5,000 more than the sticker price,’” Thomas told NBC 5 Responds.

Which would also be $ 5,000 more than the price Thomas saw online for the vehicle she was testing.

“I said, why? He said because there is currently a shortage of vehicles and that is market demand, ”Thomas said.

Thomas said she left the dealership without the car.

Dadvertising rules for dealers

“The price you use to attract the consumer is the price you have to stick to,” said Corrie Thompson, director of the enforcement division of the Texas Department of Motor Vehicles – which issues licenses to car dealerships.

Thompson points out Texas DMV rule 215-250 on advertising dealer prices, requests for savings, and discounts.

“When a dealer presents an advertised selling price for a new or used motor vehicle in the state, he must be prepared to sell that motor vehicle for that advertised price to any retail buyer.” , Thompson explained.

The advertised price may exclude some charges like tax, title, and license – which may be factored in later.

Importantly, there is no rule about respecting the sticker price, but Thompson said the authorized reseller must honor the advertised price on whatever medium: the dealer’s website. , a third-party site, even social media.

If a dealership has only one vehicle at a certain price, the dealership must include a stock number or VIN in the ad – Thompson explained.

Dealer: we keep prices online

NBC 5 Responds contacted Vandergriff Hyundai in Arlington about Thomas’ experience.

A managing partner told us over the phone that Vandergriff Hyundai keeps its prices online and if someone had given Thomas a different price it would have been outside of company policy.

He said if the seller mentioned another price, he could have referred to the dealer’s extras.

He said he also contacted Thomas after hearing her complaint and offered to work with her.

Thomas told NBC 5 Responds that she and the seller had not discussed the dealer’s extras. She said she ended up going elsewhere and was happy with the vehicle she bought.

“The price is what they had online, there were all the amenities I wanted and I was out in an hour,” Thomas said.

What can consumers do?

The Federal Trade Commission offers this advice to car buyers.

Before driving for a test drive, ask the dealership to send you in writing the price “out” for the car you are interested in.

Do this even if you are offering a trade. This way you only bring your trade-in to the dealers with the offers you have confirmed.

If you believe a dealership is breaking the advertising rule, consumers can file a complaint with the Texas DMV.

The agency has a dedicated investigator for complaints relating to dealer advertising.

If the investigator finds a violation, it is referred to a staff lawyer in the Enforcement Division. The action can range from a letter asking the dealership to resolve the issue, to mandatory training.

Thompson said the DMV asks consumers to provide as much information as possible about the ad: a URL for the specific ad or a screenshot along with the dealership information. The DMV said the consumer can download written communication with the dealer as well as verbal communication notes.

Here is a link to the TX DMV Online Reseller License Database.

NBC 5 Responds is committed to investigating your concerns and getting your money back. Our aim is to provide you with answers and, if possible, solutions and a resolution. Call us at 844-5RESPND (844-573-7763) or complete our Customer Complaint Form.

Services and goods push US producer prices up in November Tue, 14 Dec 2021 14:56:00 +0000

Shoppers browse a Home Depot building supplies store while wearing face masks to help slow the spread of coronavirus disease (COVID-19) in northern St. Louis, Missouri, United States, April 4 2020. REUTERS / Lawrence Bryant / File Photo / File Photo

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  • Producer prices rise 0.8% in November
  • Producer prices soar 9.6% year on year
  • Core PPI increases 0.7%; accelerated by 6.9% over one year

WASHINGTON, Dec.14 (Reuters) – Producer prices in the United States rose more than expected in November as supply constraints persist, resulting in the biggest annual gain since the series redesign 11 years ago, supporting the idea that inflation could remain uncomfortably high for some time.

Tuesday’s Labor Department report, which also showed strong growth in core output inflation, followed last week’s announcement that annual consumer prices had risen the most since 1982 in November. Soaring inflation complicates President Joe Biden’s economic agenda, including a $ 1.75 trillion social and climate program stuck in the US Congress.

Strong price pressure, along with a tightening labor market, will likely see the Federal Reserve announce that it will step up its curtailment of its massive bond purchases when officials end a two-day meeting on Wednesday and begin. potentially to raise interest rates sooner than expected.

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“Price measures have been well above target for much longer than expected,” said Rubeela Farooqi, chief US economist at High Frequency Economics in White Plains, New York. “This data supports the Fed’s move to faster cut that will likely precede faster policy tightening next year.”

The producer price index for final demand jumped 0.8% last month after advancing 0.6% in October. The widespread increase in the PPI was led by a 0.7% rise in services, which followed a 0.2% gain in October. The acceleration in services reflects a 2.9% jump in portfolio management prices.

There have also been increases in the prices of hotel and motel rooms, as well as air fares, freight and mail. But the prices of wholesale furniture and bundled wireline telecommunications services have fallen.

Wholesale goods prices rose 1.2% after increasing 1.3% in October. Prices for scrap metal and steel rose 10.7%. Wholesale gasoline and food prices have also increased. But diesel fuel prices have fallen, as have the cost of light trucks.

In the 12 months to November, the PPI climbed 9.6%. This is the largest gain since November 2010 and follows an 8.8% increase in October.

Economists polled by Reuters predicted the PPI would rise 0.5% on a monthly basis and 9.2% year on year.

The government announced last Friday that the consumer price index had jumped 6.4% in the 12 months to November, the largest year-over-year increase since June 1982. read more following

The COVID-19 pandemic has scolded supply chains, pushing up the prices of goods and services.

Excluding the volatile components of food, energy and commercial services, producer prices rose 0.7%. The core PPI gained 0.4% in October.

In the 12 months to November, the core PPI jumped 6.9%, the biggest gain since 12-month data was first calculated in August 2014. That follows to an increase of 6.3% in October.

The Fed is tracking the personal consumption expenditure (PCE) price index, excluding volatile food and energy components, for its flexible inflation target of 2%.

The core PCE price index jumped 4.1% in the 12 months to October, the highest since January 1991. Data for November will be released later this month.

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Reporting by Lucia Mutikani; Editing by Chizu Nomiyama and Andrea Ricci

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