The Scorpio N and XUV700 command the highest average waiting period of up to seven months
In a recent financial result meeting, Mahindra divulged the total pending orders for its models, including some specific details for every popular nameplate. Its order book stands closer to 2.86 lakh orders pending delivery which includes popular models such as the Mahindra XUV700, Mahindra Scorpio N and Mahindra Thar.
Model-wise Pending Orders
Model
Pending Order*
Scorpio Classic and Scorpio N
1,19,000
Thar
76,000
XUV700
70,000
Bolero and Bolero Neo
11,000
XUV300 and XUV400
10,000
The Mahindra Scorpio Classic and Mahindra Scorpio N together have the highest open bookings at 1.19 lakh. The Thar (including the rear-wheel-drive version) and XUV700 are up next with their pending orders falling between 70,000 and 80,000. Mahindra is yet to deliver 11,000 units of the Bolero and Bolero Neo, while the XUV300 and XUV400’s open bookings stand at 10,000.
Average Wait Times Of These SUVs
Model
Average Waiting Period*
Scorpio Classic
3.5 months
Scorpio N
6 months
Thar
4 months
XUV700
7 months
Bolero
3 months
Bolero Neo
3 months
XUV300
4 months
XUV400
3.5 months
*in top 20 cities
As seen above, the Scorpio N and XUV700 are the two Mahindra cars witnessing the maximum wait times of up to seven months in top 20 cities in India. The Bolero and Bolero Neo have the least average waiting period here of three months.
While Mahindra hasn’t directly revealed the reason behind this fat order book, it’s pretty obvious that deliveries are being delayed due to global socio-economic factors such as international conflicts and supply chain constraints. If you have any of the above Mahindra models on order, do let us know what kind of waiting period you’re experiencing in the comments.
Vauxhall is currently providing the largest discounts among all car manufacturers in the UK. When purchasing a new car through a PCP finance deal, buyers are able to negotiate an average saving of 17.5% off the list price.
The discounts on new Vauxhall cars, which are derived from dealer margins and manufacturer deposit contributions, have seen a substantial increase to £5459 per car from an average discount of 8.2% (£2282 per car) at the same time last year. These figures are based on data from What Car?’s Target Price.
Currently, discounts as large as 23.7% are available.
The average wait time for Tata’s refreshed SUV portfolio is of around 2 months
Tata Motors has been introducing new vehicles before the 2023 festive season. Four refreshed models have been launched, including the new Tata Nexon and Tata Nexon EV in September. The facelifted Tata Harrier and Tata Safari were released the following month. If you planned to buy one of these during Diwali, here’s what the waiting period looks like in the top 20 Indian cities:
City
Waiting Period
Tata Nexon
Tata Nexon EV
Tata Harrier
Tata Safari
New Delhi
2 months
2 months
1-2 months
2 months
…
Takeaways
The new Nexon has an average waiting period of two months in most cities on the list. However, buyers in Mumbai, Hyderabad, and Gurugram can bring home the SUV in around a month’s time. In Ghaziabad, the wait is up to three months.
In Patna, the Tata Nexon EV will take up to four months to reach your home. The least amount of time required to bring home the electric SUV is around 45 days in cities like Jaipur and Noida.
The Tata Harrier is more readily available this November, with the maximum waiting period being up to two and a half months in Lucknow.
With a wait time of around 15 days in Lucknow, the Tata Safari is the most readily available SUV on this list. Its waiting period in other cities is relatively short as well, ranging between 1 and 2 months.
Note: The waiting period may vary depending on the variant and colour option chosen along with your location (if not on the list). For more information, please contact your nearest Tata dealership.
The average cost of electricity in the U.S. is around $0.16 per kilowatt per hour. An average electric fireplace uses approximately 1.5 kilowatts, so running it for one hour would cost you about $0.24. However, this cost can vary depending on the size and energy requirements of the specific fireplace model and the cost of electricity in your area.
If we consider the averages, running an electric fireplace for 24 hours would add around $5.76 to your daily bill. In a cold month, this could mean an additional cost of $172.80 to $178.56 if you keep the fireplace on all day, every day.
If you use the electric fireplace for a more typical duration of 8-10 hours per day, the cost would be around $1.92 to $2.40 per day. This translates to an extra $57.60 to $74.40 on your monthly electric bill if you use the fireplace every day for that long.
The significance of the added cost depends on your personal budget. However, in comparison to the overall monthly expenses, the per hour cost of an electric fireplace is not very high. It ultimately comes down to how many hours per day and how many days you use it. If you aim to reduce your monthly bill, it is best to use the fireplace in moderation.
The average cost of electricity in the US is about $0.16 per kilowatt per hour. An average electric fireplace uses around 1.5 kilowatts, which adds approximately $0.24 to your bill per hour. However, the actual cost may vary depending on the size and energy requirements of the specific fireplace model, as well as the cost of electricity in your location (ranging from $0.11 to $0.30 per hour).
If you run the electric fireplace for 24 hours straight, it could add around $5.76 per day to your bill. In a colder month, this could mean an extra cost of $172.80 to $178.56 if the fireplace is left on all day, every day.
If you use the fireplace for a more typical duration of 8-10 hours per day, the additional daily cost would be around $1.92 to $2.40. This would result in an extra $57.60 to $74.40 on your monthly electric bill if you use the fireplace every day for that long.
Ultimately, determining how much is too much in terms of added cost is subjective. However, an electric fireplace does not significantly increase your bill on an hourly basis. The key factor is the number of hours per day and days per month that you use it. To save on your monthly bill, it’s important to use the fireplace in moderation.
Last quarter, average monthly payments for both new and used cars remained high. While shoppers paid $30 more per month for new cars, payments for used cars decreased by $2.
New car buyers are spending more each month to finance a smaller amount, as the interest rates have increased and the loan terms have shortened. In Q3 2023, the average financing amount for new cars was $40,149 for 68.4 months, resulting in a monthly payment of $736 with a 7.4 percent APR. In comparison, during the same quarter last year, people were paying $703 per month at 5.7 percent for 70.3 months on $41,347.
New, Q3 2023
Used, Q3 2023
Term
68.4
70.1
Monthly Payment
$736
$567
Amount Financed
$40,149
$29,328
APR
7.5%
11.2%
Down Payment
$6,907
$4,111
Used car monthly payments slightly decreased last quarter to $567 compared to Q2 2023, but they are still higher than the $565 paid in Q3 2022. The average amount financed for used cars also decreased to $29,328, down from $31,367 in Q3 2022 and $29,665 in Q2 2023.
In July, August, and September, a record number of new car buyers opted to pay $1,000 or more per month for their vehicles. The percentage of these consumers increased from 17.1 percent to 17.5 percent in the last quarter.
The rise in interest rates is a major factor contributing to the high monthly car payments. The APR for used cars averaged 11.2 percent over the last three months, a significant increase from the 9.0 percent seen last year. The average APR for new cars has also risen by nearly two percent.
These interest rates were last seen in 2007, with new cars having an average APR of 7.4 percent and used cars at 11.4 percent. Average down payments for both new and used cars have also increased, with new cars requiring an average down payment of $6,907 and used cars requiring $4,111.
Edmund‘s study predicts that monthly payments will remain high in the near future. There is a possibility that the Federal Reserve might raise interest rates again before the year ends, and the ongoing UAW strike could adversely affect inventory levels for those automakers, resulting in higher prices for new and used vehicles.
A study by iSeeCars from last month revealed that the limited production of new cars during the pandemic has caused used car prices to rise by 33 percent compared to prices in 2019. With fewer new cars available at dealerships, prices are expected to increase for everyone.
On average, drivers are willing to park almost one mile away – or a 20 minute walk – from their destination to avoid parallel parking
TV personality Jamie Laing says he’ll avoid parallel parking ‘at all costs’ as nearly half (44%) of motorists admit to being fearful of the parking manoeuvre
Men twice as confident at parallel parking compared to women
UK’s best and worst regions for parallel parking revealed: Yorkshire and Humber top the list, Londoners come last
In total, Brits fork out over £1.5 billion due to parking prangs
FIAT partners with Driving School TV to launch the Parallel Parking Guide, featuring Jamie Laing, [https://www.fiat.co.uk/news/parallel-parking] to help drivers master the skill
London, 26 September 2023: Millions of motorists get so flustered at the prospect of parallel parking they’d rather park nearly a mile away from their chosen destination than attempt the manoeuvre.
Dubbed ‘parallelophobia’, almost half of drivers (44%) say they are fearful of parallel parking.
Those who tend to steer clear include TV star and learner driver Jamie Laing, who admits he will avoid attempting a parallel park ‘at all costs’.
A survey of 2,000 motorists, commissioned by FIAT, has lifted the lid on how Brits feel about the dreaded parking procedure and uncovered the financial impact of poor parking skills.
On average, drivers spend £158 on repairs over their lifetime thanks to parking gone wrong, equating to a staggering £1.5 billion*.
The leading reasons Brits fear parallel parking include blocking the road and keeping other drivers waiting (40%), worrying about getting too close to and damaging other cars (37%), fear of being embarrassed and pressured by people watching (36%), worrying about taking too long to park (30%) and not understanding the yellow lines (23%).
The research also found that on average, drivers are willing to park 0.8 miles away (a 20 minute walk) so they don’t have to parallel park.
Given the troubles motorists seem to face with parallel parking, FIAT has partnered with Driving School TV – a popular YouTube channel fronted by qualified driving instructor Francis Noakes, to launch the Fiat Parallel Parking Guide[SL1] .
As part of the guide, FIAT recruited celebrity Jamie Laing to face ‘parallelophobia’ head-on in an all-electric FIAT 500e, as he was taught how to parallel park. Jamie Laing also attempted the world record for the tightest parallel park, previously achieved in a FIAT 500, at just 7.5cm longer than the length of the car.
“Learning to drive has been like navigating through a maze of frustration, and parallel parking? Don’t even get me started. It’s my least favourite manoeuvre to do. It makes my palms sweat. I swear
whenever I attempt one my car’s magnetically drawn to the kerb. It’s a skill I’ve just never quite mastered and I will avoid it at all costs.
“I stopped learning to drive a little while ago but after finally passing my theory test having booked around 70 tests, and having to renew my provisional licence as it had expired after 10 years, I’m back learning to drive in a Fiat 500 electric with Francis Noakes from Driving School TV. This guy has already shown me some secret magic trick that suddenly made parallel parking easier and, dare I say, fun to learn – perhaps it’s that the 500e is small and compact to park. He also unofficially helped me match a world record, sort of.
FIAT’s research also revealed drivers spend an average of four and a half hours a year attempting to parallel park** – equating to eight days of their life***.
Parallel parking makes 45% of Brits feel stressed, while 41% have relied on a stranger to help them do it. 67% have driven past a potential space rather than attempt the idea of a parallel park once or multiple times. On average, drivers will attempt a parallel park four times before parking successfully.
Men were twice as confident (32% men very confident vs 16% women very confident), yet there appeared to be very little difference in actual competence with men taking equally as long to complete a parallel park as women (approx. 1.5 minutes).
For those that do manage to parallel park successfully, 31% leave feeling smug, 30% admire their work, 18% brag about it on social media and 17% even do a happy dance.
The FIAT Parallel Parking Index also determined the regions that struggle the most and least with the parallel park. FIAT scored drivers by region on the following factors; average distance from destination drivers are willing to park, average time taken to successfully complete a parallel park, percentage of drivers that are confident, fearful and stressed about the parking manoeuvre, as well as how much money has been spent on fixing their cars as a result of a parallel parking shunt.
The most competent parallel parkers were drivers from the North East. While drivers from London, Scotland and the North West occupied the bottom three spots.
Most notably, Londoners were open to parking a staggering 1.2 miles away from their destination – the equivalent distance of walking between the London Eye and Buckingham Palace: around a 24-minute journey.
On the flip side, drivers from Yorkshire and the Humber weren’t willing to park any further than 0.4 miles (less than 10 minute walk) from their intended destination.
Meanwhile, Londoners have forked out £207 on parking prangs, while those in Yorkshire and the Humber have spent nearly £100 less (£129.50) on average.
AVERAGE DISTANCE FROM DESTINATION DRIVERS ARE WILLING TO PARK – MILES (WALKING TIME)
AVERAGE TIME TAKEN TO SUCCESSFULLY COMPLETE A PARALLEL PARK (MINUTES)
AVERAGE OF MOST NUMBER OF TIMES ITS TAKEN TO SUCCESSFULLY PARALLEL PARK
PERCENTAGE OF DRIVERS THAT ARE CONFIDENT OR VERY CONFIDENT PARALLEL PARKING
PERCENTAGE OF DRIVERS FEARFUL OF PARALLEL PARKING (STRONGLY AGREE / SOMEWHAT AGREE)
PERCENTAGE OF DRIVERS STRESSED OF PARALLEL PARKING (STRONGLY AGREE / SOMEWHAT AGREE)
TOTAL SCORE
(LOW = MOST COMPETENT, HIGH = LEAST COMPETENT)
Yorkshire and the Humber
0.4 (8 minutes)
1.1
3.2
63%
36
38
6.2
North East
0.5 (10 minutes)
1.2
3.3
55%
31
31
5.9
Northern Ireland
0.7 (14 minutes)
1.3
3.4
50%
38
38
6.6
South East
0.7 (14 minutes)
1.1
3.6
55%
40
43
6.8
East Midlands
0.5 (10 minutes)
1.5
3.5
71%
48
48
7.6
West Midlands
1.1 (22 minutes)
1.9
5.1
35%
28
29
7.3
South West
0.9 (18 minutes)
1.7
4.7
57%
33
34
7.5
North West
0.8 (16 minutes)
1.4
3.6
68%
56
59
8.4
East Anglia
0.6 (12 minutes)
1.4
3.6
53%
43
44
7.0
Scotland
0.8 (16 minutes)
1.1
4.7
69%
55
60
8.5
Wales
0.9 (18 minutes)
1.8
3.9
55%
46
48
8.1
London
1.2 (24 minutes)
1.9
4.6
63%
50
53
9.3
Damien Dally, FIAT UK Managing Director, said: “It’s a well-known fact that cars have grown in size in recent years, which can only add to the additional stress of parallel parking caused by things like fear of holding up traffic, or bumping into and damaging another car.
“The all-electric Fiat 500e is the ultimate city car, having won countless industry awards. It’s the perfect compact car to get around and park in crowded cities or busy urban environments, alleviating the fears of tricky manoeuvres for drivers.
“In addition, the 500e is packed full of technology that helps drivers park more easily, from park assist, to blind-spot monitoring and rear-view camera. But not every driver is able to benefit from the size and capabilities of a 500e when it comes to parking, which is why we’re hoping our parking guide will help to reduce ‘parallelophobia’ impacting millions of Brits.”
Nintendo’s success in sales is noteworthy for multiple reasons. The price of AAA video games has consistently risen since 2000, as stated by ArsTechnica. Additionally, Nintendo games tend to be quite expensive. Even remastered versions of old games like The Legend of Zelda: Skyward cost a hefty $60.
The “Switch Tax” is a well-known phenomenon within Nintendo’s gaming ecosystem. One argument is that developers must invest significant effort and resources to adapt their games for Nintendo’s platform, yet the company charges a premium for its first-party games, capitalizing on the nostalgia associated with franchises like Zelda and Mario. Despite these financial challenges, Nintendo games and Switch consoles continue to sell exceptionally well.
According to the Games Industry Biz, the Switch has maintained strong performance in 2023, thanks to the release of The Legend of Zelda: Tears of the Kingdom. However, Nintendo benefits from a hardware cost advantage. The Switch Lite starts at only $199 and is ready to use at that price. Comparatively, the Xbox Series S starts at $249, but an additional expenditure is required for a screen to play games, while the PlayStation 5 starts at $400 for the digital-only version, also requiring extra purchases for peripherals.
Electric vehicles offer a driving range of 250-300 miles on average, with some models exceeding 500 miles per charge.
The driving range of an electric car is influenced by factors such as driving habits, speed, weather, and charging method.
Electric cars now come in various vehicle classes and offer features like passenger room, towing capabilities, advanced electronics, and safety features.
Driving an electric car is a completely different experience from driving a gas or diesel-powered vehicle. EVs require electricity to run, include fancy new features like regenerative braking, and expel zero emissions into the atmosphere. Electric vehicles are becoming the future of driving, and as they become more mainstream, we’re learning more about what it means to own an EV.
When you transition from a gas-powered vehicle to an electric car, some questions arise that you must answer. Are you within range of a charging station, and how well does that charging station work? How much will it cost to install an electric charging station in your home? Can you use all-electric chargers?
Using information from U.S. News & World Report, J.D. Power, and MyEV.com, we’ve got ten things everyone should know before owning an electric car. This should give you a better idea regarding your readiness to drive a car powered only by electricity.
Current electric vehicles offer 250-300 miles of driving range on average. This applies to new models entering the market, with only a few exceptions. Tesla offers a full lineup of EVs with over 300 miles of driving range, and the Lucid Air sets the record with over 500 miles per charge. New models are entering the market each year with greater driving ranges than ever before. The new GMC Sierra EV is rated at 400 miles, which makes it a long-range electric truck.
EV Driving Range Is Impacted By Several Factors
Your new electric vehicle might be rated at 300 miles of driving range, but that’s not always what you’ll get out of your EV. Factors including driving habits, speed, weather, and interior climate settings can reduce the driving range. Additionally, when you recharge using a public DC Fast-Charging station, you can only charge to 80% of full capacity, which means 240 miles for the 300-mile EV.
2Does The Electric Car Have Useful Features?
Leo Nguyen via Wikimedia Commons
The earliest electric cars were small, offered minimal driving range, and weren’t meant for much more than daily commutes. The only exception was the Tesla Model S, which changed the market with upscale technology and room for more passengers. Today, electric vehicles are offered in almost every vehicle class.
Your EV Should Include:
Enough passenger room for the whole family
Vehicle-class capabilities (trucks show tow, SUVs should have ample cargo room)
Advanced modern electronics
A full slate of safety features
These are only a few of the items your EV must have to make it useful. Can you take your kids to school in the EV? Is this electric car good for carrying sporting equipment, strollers, or bringing a load of hardware home from the store?
Electric vehicles have advanced quickly because of the at-home charging capabilities offered. The infrastructure of public chargers is struggling to become plentiful enough for the millions of EVs hitting the market, but most new EV owners are installing at-home charging stations to handle most of their charging needs.
Public Charging Stations Are Growing
Eventually, public DC Fast-Charging stations should be located no more than 50 miles apart on highways and become as plentiful as gas stations in urban areas. Still, the time it takes to recharge means you’ll spend more time plugged in than you would filling a gas tank. If you’re thinking about EV ownership, you’ll want to locate the charging stations in your area before you buy the vehicle.
4How Much Will An At-Home Charger Cost?
Volvo
Many automakers offer to cover the cost of an at-home charger and its installation when you purchase an electric car. There is a catch to this: although this charger enables you to enjoy 240-volt Level 2 charging capabilities, you must have the 240-volt outlet present for the at-home charger to be plugged into it.
Cost to Install 240-Volt Plug
Side of House – $1,738
Detached Garage Location – $6,920
Inside Garage – $2,150
Attached Garage – $3,796
Townhouse Parking Space – $4,450
Townhouse With HOA – $3,850
These installation figures are based on a Cars.com study of six different home situations, which shows that adding an at-home charger isn’t free. Many automakers cover the cost of the charger and the service visit to plug in the charger to the 240-volt outlet. Homeowners must cover the cost of installing this added plug, which runs on the same power as a typical clothes dryer.
Currently, the Inflation Reduction Act includes language that provides a one-time Federal EV Tax Credit of up to $7,500. Not all electric vehicles qualify for this tax credit, and restrictions and regulations are only getting more difficult for automakers to ensure their EVs qualify for this credit.
Are There Price Restrictions On The Tax Credit?
SUVs and pickup trucks priced $80,000 or less can qualify for up to $7,500, while electric cars have a $55,000 MSRP ceiling to qualify. This means most EVs from BMW, Mercedes-Benz, and Audi are unlikely to quality. Additionally, the language says “up to,” which means new owners must owe at least $7,500 in federal taxes to take advantage of the full tax credit. Some states also offer tax credits when owners purchase EVs or PHEVs.
6How Long Should I Expect To Own An Electric Car?
GMC
EV batteries lose range over time because of reduced capacity from continuous usage and charging. Much like a smartphone, the batteries will eventually wear out. Most automakers cover the battery cells for eight years or 100,000 miles, which could be enough coverage for many owners to enjoy EV driving.
How Much Does It Cost To Replace An EV Battery?
An EV battery pack is the most expensive component to replace, much like the engine block and transmission of a traditional ICE vehicle. Typically, replacing the EV battery costs between $5,000 and $15,000 depending on the model. Battery pack replacement costs could become a serious issue when more EVs enter the used car market or are returned after the initial lease term, but shouldn’t be a longstanding issue for most new EV owners.
Most electric cars include the most advanced safety systems, have fewer moving parts, and could be safer than ICE vehicles. Still, the average cost to insure an electric car is 21% higher than the average for gas-powered vehicles. This increased cost is related to the cost of repairs, especially if the battery pack becomes damaged.
Insurance Costs More, But Maintenance Costs Less
It might cost a lot to replace an EV battery pack, and insurance premiums are significantly higher for EVs than ICE vehicles, but maintenance costs are much less. Electric cars have fewer moving parts and don’t require as many fluids to operate as ICE vehicles. This means fewer trips to the dealership for regular maintenance and less time with the car at the repair shop.
8Will I Still Need An ICE Vehicle As A Backup?
Automakers continue to discover new ways to add more driving range to electric cars, with solid-state batteries expected to be the next big thing. If Toyota meets its goal of offering 745 miles of EV driving range in an affordable manner, these new batteries could change the game entirely. Currently, driving range limitations and the 80% rule for Level 3 DC Fast-Charging stations severely limit using EVs for long road trips.
What’s The Right Alternative For Road Trips?
Most EVs offer ample driving range for daily commutes and overnight charging but aren’t great for road trips with the family. No matter how much you ask for patience, it’s difficult for kids to understand the need to stop and wait for batteries to charge. A good alternative for road trips is a hybrid-powered vehicle or an ICE model.
Electric vehicles are much more expensive than ICE models. The average new gas-powered vehicle costs $48,000, while the average EV costs $66,000. This is a significant difference and can be difficult for some drivers to fit into their budgets. In this case, a used EV could be the right answer. In fact, the Federal EV Tax Credit is offered for used vehicles and offers up to $4,000 in credits.
Could Leasing Be The Right Option?
Another option, and a great way to save some money in monthly payment costs, is to lease an electric vehicle. A lease doesn’t allow owners to take advantage of the Federal EV Tax Credit but can save drivers money in monthly payment costs and enable them to upgrade to a new model every three or four years. With the speed of technology, this could be a fantastic way for drivers to enjoy the benefits of an electric car.
10What Should I Know About EV Maintenance?
Nissan
Overall, electric cars require less maintenance than gas-powered cars. The friction brakes last longer because all EVs are equipped with regenerative braking to assist with stopping the car. An EV’s battery and motor can last longer than the life of the car in some cases. The long warranty coverage could cover battery replacement when this system fails.
How Much Does it Cost To Refuel An EV?
The cost of electricity varies from one state to another but is typically much cheaper than gas vehicles. In almost all cases, charging an electric car at home is much more affordable than using public chargers. Some automakers still offer free charging for a limited time at specific chargers, but this could end soon. Overall, it’s much more affordable to charge an electric vehicle than to drive a gas or diesel-powered car.
According to the latest analysis, Lada has the oldest car lineup, while Zeeker has the newest. The analysis covers 71 brands, including eight from China, and 766 models. The average age is calculated from the time of the production model’s launch or unveiling until July 2023, excluding basic rebadges, light commercial vehicles, and passenger cars derived from them.
Lada With The Oldest Cars
Lada, the top car brand in Russia, has the oldest cars. Despite the strategic relaunch of the company with the help of Renault, Lada currently offers five types of passenger cars with an average age of 21.6 years. The Niva, launched in 1977, is one of the contributing factors to this outcome, along with models like the Largus, Granta, and Vesta.
Three Stellantis Brands Follow
Chrysler, Lancia, and Dodge follow Lada as brands with the oldest cars. Chrysler, in particular, needs fresh produce as it prepares to halt production of the Chrysler 300. The median age of its smaller lineup is 13.5 years. Lancia follows with the 12.4-year-old Ypsilon, and Dodge has an average age of 11 years.
From The East
The youngest cars come from China. Zeekr by Geely, founded in 2021, has the youngest range with an average age of 1.2 years. NIO, another Chinese manufacturer, follows closely with an average age of 1.4 years for its seven vehicles.
Hyundai Dynamism
Surprisingly, Hyundai, along with its sister brands Genesis and Kia, has one of the youngest lineups despite being a historic car brand with 32 different models. The average age of Hyundai’s lineup is 3.1 years, with the European Hyundai i30 being the oldest product presented in September 2016. Genesis and Kia are not far behind with average ages of 3.1 and 4.7 years, respectively.
Other notable brands include Toyota with an average age of 4.6 years, Honda with 4.3 years, and Ford with 4.1 years. Nissan, Chevrolet, and Volkswagen have the oldest lineups among the major global brands, all with an average product age of more than six years.
The author of the article, Felipe Munoz, is an Automotive Industry Specialist at JATO Dynamics.
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