Maserati Quattroporte on 2040-cars

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Cars with the worst resale value after 5 years

While the old saying that cars lose a massive chunk of their value as soon as they’re driven off the dealerÂ’s lot might not be entirely true these days, most new vehicles steadily lose value as they age and are used. iSeeCars recently released its latest study on depreciation, finding the models that lose value the fastest, and the list is packed with high-end nameplates. The vehicles that lost value the fastest over five years include: Maserati Quattroporte: 64.5% depreciation BMW 7 Series: 61.8% Maserati Ghibli: 61.3% BMW 5 Series Hybrid: 58.8% Cadillac Escalade ESV: 58.5% BMW X5: 58.2% Infiniti QX80: 58.1% Maserati Levante: 57.8% Jaguar XF: 57.6% Audi A7: 57.2% While sports cars, hybrids, and trucks dominated the list of slowest-depreciating vehicles, luxury brands accounted for all of the top ten fastest-depreciating models. iSeeCars executive analyst Karl Brauer also pointed out EVsÂ’ lack of representation on the slow-depreciating vehicles list, saying that thereÂ’s a disconnect between what automakers are building and what people actually want. The average five-year depreciation for all vehicles in the iSeeCars study was 38.8 percent. ThatÂ’s an almost 11% improvement over 2019Â’s figures, but some vehicle types perform worse than others. EVs depreciated 49.1 percent over five years, while SUVs dropped 41.2%. Trucks only fell 34.8% and hybrids 37.4%. Brauer noted that all vehicles depreciate slower than they did five years ago. Even so, EVs are not the best choice if youÂ’re looking for a vehicle that wonÂ’t feel like a ripoff when itÂ’s time to trade in. On the flip side, used EVs can present a stellar value, saving thousands over their new counterparts. Charging times and availability remain concerns for buyers in large parts of the country, but a heavily depreciated EV could be the used car value youÂ’ve been looking for. The same wisdom applies to used luxury vehicles, as the list above indicates. While new-car buyers shopping for luxury cars are set to see big depreciation during their ownership, that means the used car market is flooded with inexpensive used luxury cars. High repair costs and costly maintenance schedules are real issues that used luxury models face, however. Green Audi BMW Cadillac Infiniti Jaguar Maserati Car Buying Used Car Buying

Stellantis expects strike to cost it $795 million in third-quarter profits

MILAN — Automaker Stellantis said Tuesday that the autoworkers strike in North America is expected to cost the company around 750 million euros ($795 million) in profits — less than its North American competitors. The Europe-based maker of Jeep, Fiat and Peugeot reported a 7% boost in net revenues to 45.1 billion euros, with production halts caused by the strikes costing the company 3 billion euros in sales through October. The net revenue boost was due to higher volumes in all markets except Asia. Chief Financial Officer Natalie Knight told journalists that StellantisÂ’ strike impact was lower than the other Big Three automakers due to its global profile as well as some high-profile cost-cutting measures, calculating the hit at around 750 million euros ($795 million.) GM, the last carmaker to reach a deal to end the strike, reported an $800 million strike hit. Ford has put its impact at $1.3 billion. “We continue to be in a very strong position globally and in the U.S. This is an important market for us, and weÂ’re highly profitable and we are very committed to our future," Knight said. “But mitigation is core to how we act, and how we proceed.” Stellantis has canceled appearances at the CES technology show in Las Vegas next year as well as the LA Auto Show, due to the strike impact. Stellantis on Saturday reached a tentative agreement with the United Auto Workers Union to end a six-week strike by more than 14,000 workers at its assembly plants in Michigan and Ohio, and at parts warehouses across the nation. Stellantis does not report full earnings for the third quarter, instead providing shipments and revenues. It said that global sales of electric vehicles rose by 37% over a year earlier, powered by the Jeep Avenger and commercial vehicle sales. North America continued to be the revenue leader, contributing 21.5 billion euros, an increase of 2% over last year, and representing nearly half of global revenues. Europe, the next biggest performing region, saw revenues grow 5% to 14 billion euros, as sales rose 11%. Related video: Earnings/Financials UAW/Unions Alfa Romeo Chrysler Dodge Fiat Jeep Maserati RAM

2023 Maserati MC20 Cielo offers unlimited headroom and 621 hp

Maserati is returning to the convertible segment after a brief hiatus with a topless version of the MC20 named Cielo. The roadster offers the same twin-turbocharged V6 engine and carbon fiber chassis as its coupe counterpart but it gains a power-retractable glass roof panel. "Cielo" means "sky" in Italian — it's a fitting name. Visually, the MC20 Cielo is nearly identical to the MC20 coupe from the rocker panels to the belt line. It's what's above that counts: Maserati fitted the roadster with a glass roof panel that opens or closes at the push of a button in about 12 seconds. The space that it occupies is located behind the passenger compartment so engineers had to redesign the decklid, and the engine is no longer visible through a glass cover. We're told that the transformation adds only about 143 pounds to the MC20 for a curb weight of roughly 3,400 pounds. Maserati planned the convertible model from the get-go so few compromises were made during the development process. The Cielo keeps the cool butterfly-style doors, and it offers the same amount of cabin and trunk space as the coupe. Folding away in a couple of seconds isn't the roof's only trick: it can go from clear to opaque in a matter of seconds thanks to Polymer-Dispersed Liquid Crystal (PDLC) technology. Like the coupe, the MC20 Cielo is powered by Maserati's excellent 3.0-liter Nettuno V6 engine. The mid-mounted six is twin-turbocharged to 621 horsepower and 538 pound-feet of torque, and it spins the rear wheels via an eight-speed automatic transmission. Maserati quotes a zero-to-62-mph time of approximately 3 seconds and a top speed of around 200 mph, which sounds like a quick and fun way to dry your hair. Brembo-built six-piston front and four-piston rear brake calipers keep the engine's power in check. Built in Italy, the 2023 Maserati MC20 Cielo will reach showrooms in the coming months. Pricing will be announced closer to the model's on-sale date. At launch, buyers will be able to order a limited-edition version called PrimaSerie Launch Edition that stands out from the standard model with a specific, three-layer paint color called Acquamarina that was initially developed for Maserati's customization program.