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Car Upgrades You Should Never Spend Your Money On

When you’re buying a new car, you might be tempted to spring for one of the upgrades from the laundry list that your dealer will try to sell you on. Or, you might want to make an aftermarket modification to your vehicle to upgrade the base model you purchased.

While some upgrades are worth the money, others are not. These upgrades either flat out don’t work, offend the senses, lower a car’s resale value or even make the car more dangerous to drive. In case you’re thinking of modifying your ride, here are 27 car upgrades you should steer clear of.

Last updated: March 20, 2020

1. A Massive Rear Wing

Unless you commute to work in a Formula 1 race car, avoid this car modification. Because whatever the race car driver in you might think, it does not look cool, said Matt Degen, senior associate editor for Kelley

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Used Car E-Retailing Space Heats Up With Vroom’s Nasdaq Debut

Amid coronavirus woes, e-commerce retailing and used vehicles are drawing interest from dealerships, customers and investors alike. Online auto retailing holds massive opportunities and is likely to transform the automotive market in a big way in the coming years. Used-car e-retailers including Carvana CVNA, CarMax KMX, AutoNation AN and CarGurus CARG are capitalizing on rapid proliferation of Internet and digital shopping. All these stocks carry a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

The used-car online retailer, Vroom is grabbing a lot of attention with its public-market debut lately. The stock is off to an amazing start and is likely to beef up competition in the online automotive retailing space. Shares of Vroom’s closest peer, Carvana have skyrocketed more than 600% from its 2017 IPO price. With automotive e-commerce holding significant promise, investors are super thrilled about

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Tesla’s China Car Registrations Jump In May; Stock Down In Pre-Market On Analysts’ Rating Cuts

Tesla Inc.’s (TSLA) China car registrations in May jumped 150% month on month, Reuters reported citing data from auto consultancy LMC Automotive.

The U.S. electric vehicle maker’s China registrations, including imported cars, grew to 11,565 in May from 4,633 units in April.

Data from the China Passenger Car Association shows sales of Tesla’s Shanghai-made Model 3 sedan hit 11,095 units in May.

Still, shares in Tesla continued to fall in Monday’s pre-market trading declining another 3.4% to $903.45 after dropping 3.9% on Friday. Meanwhile, year-to-date the stock has more than doubled.

Last week’s start of a downward trend was triggered by two rating downgrades from analysts at Morgan Stanley and Goldman Sachs.

Morgan Stanley’s Adam Jonas lowered his rating on the stock to Sell from Hold with a $650 price target (31% downside potential) amid concerns about U.S.-China trade dynamics as well as recent price cuts of some

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Record slump in German car production could put 100,000 jobs at risk

The coronavirus pandemic, which shattered supply chains and forced automotive manufacturers to close their plants for weeks, caused passenger car production in Germany to tank in the first five months of 2020.

Now sluggish demand and slow recovery in global markets is likely to puts tens of thousands of job in the sector at risk in Germany.

According to the German Automotive Industry Association, only 1.18 million cars were produced between January and May this year, a drop of 44%, or nearly a million vehicles from the same period in 2019.

The last time German car production numbers hit such a low was in 1976. Ferdinand Dudenhöffer, director of the Center for Automotive Research in Germany, says his “rather optimistic forecast” shows a decline in car production in Germany by 26% to 3.4 million for 2020.

Dudenhöffer, who also heads the Institute for Customer Insight at the University of St

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