Sorry, it is not that our Creskin powers are weak — they are non-existent when it comes to the arrival of the first autonomous cars. Why? I predict that an auto manufacturer out of left field will be the first out of the gate. Or Google will. In any event, check out this cool chart from MojoMotors.com that shows manufacturer predictions. [keep reading]
Car enthusiasts are a tough bunch, especially when it comes to buying them gifts for the holidays. And since you’ve resorted to the wisdom of the internet, we’re assuming you need some help. Give one of these gifts and you’ll make the car lover in your life as excited as this kid unwrapping Star Wars Legos.
We’ve put together a list that covers everyone from the racer to the mechanic to the commuter. [keep reading]
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:
Written by Sam Jackson
Article by Aaron Brzozowski for Motrolix
Look at the above map, where red colors those states in the US which have passed “anti-Tesla legislation” banning the company from direct consumer sales, and you’ll notice one thing: the electric automaker has lost a lot of ground. This map was brought to our attention by the folks at Green Car Reports (originally from Mojo Motors), and has been updated as of November 4th. [keep reading]
Six months ago, Mojo Motors put together a handy map of states where Tesla can sell cars. We actually printed it out and hung it next to our desk as a handy reference guide–but it seemed a useful thing to share. [keep reading]
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]
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]
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]
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.
- 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).
- 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.
- 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.