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8 new cars that are selling below MSRP

Car shopping has been a frustrating activity for many people in recent years, as strained new car inventories have led to markups and elevated prices across the board. It’s been difficult to find vehicles at anywhere near a reasonable price, and some in-demand models are still listed at a premium today. iSeeCarsÂ’ most recent study looked at several aspects of the new and used vehicle markets and found a handful of models that are selling at a discount – a rarity in todayÂ’s world. Most of the vehicles selling below MSRP in October were electric, though the Nissan Armada and Infiniti QX80 made the top eight. To be clear, weÂ’re not talking about huge discounts here – the Kia EV6 was selling with the largest discount of 3.1%. The other models on the list include: Kia EV6: -3.1 percent off MSRP Ford F-150 hybrid: -2.8% Hyundai Ioniq 6: -2.7% Nissan Armada: -1.8% Hyundai Ioniq 5: -0.9% VW ID.4: -0.6% Kia Niro EV: -0.3% Infiniti QX80: -0.2% Electric and hybrid vehicles like the Kia and Ford have been selling at a premium for a long time, as they experienced stronger than expected demand and had challenging early production runs. That theyÂ’re now selling at a discount could indicate wavering buyer demand, but itÂ’s too early to start sounding any serious alarm bells. Though some models are getting cheaper, the industry average is still heading in the wrong direction. The average MSRP of new cars sold last month was $42,510, while the average sales price was $46,077. That 8.4% overage is surprising to see so many months after the worst of the pandemic has passed. iSeeCarsÂ’ executive analyst Karl Brauer had a few words of encouragement, however, saying, “There are still very few ‘dealsÂ’ in the new car market. Shoppers looking to pay below MSRP for a new car will have to do their research, but a small number of models can be bought below sticker price.” Green Ford Hyundai Infiniti Kia Nissan Volkswagen Car Buying cheap cars

Porsche again staring down another $1.8B in hedge fund lawsuits

The sequence of events from 2007 that began with Porsche's secret attempt to take over Volkswagen, and instead lead to Porsche being taken over by VW, continues to instigate lawsuits against the Stuttgart sports car manufacturer. A group of hedge funds that suffered over $1 billion in losses sued the car company in New York. Porsche had publicly stated it wasn't trying to buy VW, the hedge funds in question were shorting VW stock, and when Porsche's actual intentions were revealed, the stock shot up and the hedge funds took a beating.
The case was thrown out over the issue of jurisdiction, then appealed, only to see another suit filed on top of that. After that, most of the hedge funds withdrew their claims in New York and Porsche offered a 90-day window to refile in Germany where it is already fighting a number of other suits over the same issue. The hedge funds accepted the offer, refiling in Stuttgart for $1.8 billion in damages. According to Bloomberg, Porsche hasn't commented on the refiling, but as the same plaintiffs are involved, it's safe to assume that the carmaker still feels the case is "unsubstantiated and without merit." It has fared alright so far even in German courts, with two lesser cases against it thrown out last year.

The VW diesel scandal is now a Halloween costume

Can't figure out what costume to wear at your upcoming Halloween party? Love cars? Have a bunch of auto enthusiast friends who appreciate a super timely joke? Well, fear not. You're set for this season. HalloweenCostumes.com presents the VW Diesel Scandal costume, complete with toxic gas mask, fuel canister, and a cute little car blowing a plume of smoke. It's a full do-it-yourself job, and the site shows all of the necessary parts you'll need to make your very own scandalous outfit. And no, we aren't sure why the male model isn't wearing a shirt. "I'm a car guy and a Passat driver before it broke down, so I never wanted to make light of the VW scandal. I actually really like the brand," HalloweenCostumes.com's Marlon Heimerl tells Autoblog. "But I'm also an environmentalist and marketing manager for a Halloween company. So fair is fair, just doing our job." "The biggest news stories and scandals in particular always find their way to the top of the list for the topical costumes of the year," HC's vice president of marketing, Troy Eaves, writes to Autoblog. "Sure, car scandals happen all the time, but on a much smaller scale both in terms of the total number of cars effected, and the actual parts in question are usually replaceable through a recall. This one was much larger scale, affected millions of consumers, and the damage can't really be undone. This rings 'big costume' for the Halloween industry." Credit where credit is due, this is pretty funny. Now, bring on the Sexy VW Diesel Scandal treatment.