Mojo motors

Become a car-shopping expert in 2 minutes

Finding the right car is complicated. Do you want to buy new or used? What’s your budget? Do you need an extra large cup holder for your venti latte? And that’s just the beginning. Once you get to the dealership, you’ve got to inspect the vehicle, wade through financing options and finally negotiate the deal.

Our Founder and CEO, Paul Nadjarian, has some advice for you. He might live in Harlem and drive a Honda Odyssey, but he is a true car guy who grew up racing souped on station wagons on Woodward Ave. He’s worked in the automotive industry for over 20 years, serving as an executive at Ford and eBay Motors before starting Mojo.

Recently, Paul got together with the folks at State Farm and Gawker Media to develop the ultimate car-buying guide. If you’re shopping for a car, this video will prove about as useful as a swiss army knife. Still have questions? Leave a comment and Paul will get back to you with an answer.

Need more tips? Maybe these will help:

Buy the used BMW, not the new Honda

Best AWD used cars for winter under $10,000

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Written by Sam Jackson

5 High-Tech Luxury Car Features That May Reach All Cars (CheapCarInsurance.net)

cheap car ins logoArticle by Aaron Crowe for CheapCarInsurance.net

Luxury cars are often used by automakers to test new features in the marketplace, and since the cars already come at a high price, adding new high-tech equipment that’s sold as an option package gives them a way to test it more in real life. “In 2018, backup cameras will be mandatory in all vehicles sold in the U.S. A few years back, that technology was only available as an additional option in luxury cars,” says Paul Nadjarian, CEO of Mojo Motors, an online automotive marketplace that tracks used car prices at dealerships. [keep reading]

See which states allow direct sales of Tesla cars (mLIVE)

mlive logoArticle by David Muller for mLIVE

Gov. Rick Snyder recently signed legislation that Tesla Motors and others see as extremely restrictive for the California electric car maker to do business in the state. Snyder noted as he signed HB 5606 into law that Tesla’s unique, non-dealership, direct-to-consumer sales structure was already illegal in Michigan before the legislation cruised through Lansing. [keep reading]

The Most Durable Automobiles on U.S. Roads (Wall St. Cheat Sheet)

WSCS Blog LogoArticle by Justin Lloyd-Miller for Wall St. Cheat Sheet

Automotive shopping and research resource Mojo Motors recently conducted a study to seek out what cars still made good buys with the highest mileage in their respective classes.

“We analyzed almost 300,000 vehicles on Mojo Motors from the model years 2002 to 2012 to find the highest mileage used vehicles,” the site said. [keep reading]

What the CarGurus IPO means for auto startups

CarGurus recently announced they will be expanding their service internationally and going public. I’ve been asked by colleagues and the press for my thoughts and here are three reasons why I couldn’t be more excited.

  1. Finally! Automotive gets to have its share of the public markets.  AutoTrader and Cars.com have been operating profitably for over 15 years, but are still closely held private companies (Cox Enterprises, Inc. owns AutoTrader and Gannett owns Cars.com).
  2. All automotive marketplaces will benefit.  As the Founder of Mojo Motors I’m thrilled our category will get attention the other major verticals (real estate, travel, jobs) have enjoyed for years through multiple IPOs.
  3. International expansion is a bold move.  The challenges are significant and margin for error is very thin.  CarGurus’ strategy to go public, then use proceeds and/or stock to acquire existing players is a great idea with some historical evidence. This is how eBay successfully and quickly expanded internationally in the early to mid 2000’s. This same strategy can work in the automotive space, as well.

As 2014 begins making way for 2015, here’s a recap of some of the developments in automotive tech.

  • January 2, 2014 – Cox Enterprises increases stake in AutoTrader to 98%
  • January 21, 2014 – CarWoo shuts down after $16M in funding
  • May 16, 2014 – TrueCar goes public and trades at $9 a share
  • August 4, 2014 – Gannet buys Cars.com for $1.8B
  • October 11, 2014 – CarGurus announces they are going international and public

Expect the automotive marketplace shakeups to continue in 2015 and beyond…


Written by Paul Nadjarian

Paul is the Founder and CEO of Mojo Motors, an automotive classified website where shoppers Follow cars to get alerts when dealers drop prices.

About gas taxes (boston.com)

boston-dot-com-logoArticle by Bill Griffith for boston.com

Snowbirds and parents driving college students along the East Coast on a regular basis quickly realize that gas prices are lower in New Jersey, Virginia, and South Carolina. Conversely, it’s best to avoid filling up in Connecticut, New York, Pennsylvania, and North Carolina. The reason? State taxes on gasoline vary considerably around the country. A tip of the cap goes to Sam Jackson and New York-based car-shopping website MojoMotors.com for compiling the countrywide data. One of the reasons for doing the study, notes Jackson, is the pending global warming tax that California is scheduled to implement on January 1, adding a predicted 15 cents per gallon. [keep reading]

Will driverless cars ever look normal?

In a Mojo Motors poll, 4 out of 5 people said they would not buy an autonomous car if it were on the market today. Even early adopters might be wary of buying a driverless car. It’s tough looking past the unusual design language and that big do-hicky on the roof that looks like a rotor-less helicopter motor.

google-driverless-car-fuzzy-blinker

To be fair, Google’s prototype would be blind without that chunky Lidar detector on the roof. In its current form, Lidar (Light Detection And Ranging) may be unsightly, but the technology is critical to autonomous cars. It provides a detailed 3D map of the vehicle’s surroundings in real time. This data is run through algorithms that allow the vehicle to identify and react to minute signals such as when a biker signals a lefthand turn. [keep reading]

Here’s How Gasoline Taxes Stack Up State By State (Wall St. Cheat Sheet)

WSCS Blog LogoArticle by Justin Lloyd-Miller for Wall St. Cheat Sheet

For many states, taxes on gasoline and diesel fuel are an important source of revenue for supporting road and infrastructure programs. Most road work and bridge repair is largely funded by money raised from taxes on gasoline, both at the federal and state level. The federal government imposes a tax that amounts to about $0.18 per gallon. The money raised through this specific tax is used to finance major repairs to interstate highways and bridges, as well as roads through national parks and other public infrastructure. Recently, the issues surrounding the desperate state of the nation’s road and bridge network have led many to believe that a tax hike might be in order to address the crumbling roads, freeways, and bridges unless another solution is proposed. [keep reading]

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