Latest news with #ZoriyBirenboym
Yahoo
3 days ago
- Automotive
- Yahoo
Tesla rival Xiaomi shows off its new SUV in Beijing
Elon Musk's beleaguered Tesla (TSLA) is fending off yet another competitive EV entry in China. Chinese electronics giant Xiaomi launched the YU7 SUV at 13 of its Beijing showrooms this week and, according to CNEVPOST will roll it out in almost 100 Chinese cities throughout June. While customers can marvel at the YU7, they won't be able to start placing orders for it until July. A robust YU7 launch would build on the success of its sleek SU7 sedan, which launched last year and has been outselling Tesla. The YU7 is a five-seat, mid-to-large-size SUV, clocking in at just over 16 feet in length. CNEVPOST reports that the YU7 will be available in standard, pro, and max versions, each with more amenities than the other. Zoriy Birenboym, auto expert and CEO of tells Quartz that Xiaomi's entry into the EV market with the SU7 was more than just a headline — it was a signal. 'With the YU7 now following, Xiaomi is clearly aiming to scale and diversify its lineup,' Birenboym said, adding that if priced competitively and supported by their strong tech ecosystem, the YU7 could challenge incumbents in the mid-size EV space and further blur the lines between consumer tech and mobility. 'This move could have ripple effects across both the auto and tech industries,' he said. HSBC Qianhai (HSBC) published a note, according to Reuters, stating that the new EV SUV will be priced between 230,000 yuan and 330,000 yuan ($31,989 and $45,898) and that Xiaomi could ship 100,000 YU7 units this year, followed by 249,000 units in 2026. In a regulatory filing with the Chinese government and reported on CNEVPOST, the company said the new SUV is equipped with a battery pack that has a capacity of 101.7 kWh and range available in three options: 670 km, 750 km, and 760 km (416 miles at the low end and 472 at the high end). This would rival Tesla's Model S, which can go just over 400 miles before needing a recharge. For the latest news, Facebook, Twitter and Instagram.
Yahoo
16-03-2025
- Automotive
- Yahoo
I'm a Car Expert: These Are the Best Times of Year To Buy a New Car
Purchasing a new car can be exciting. But it also can leave some buyers anxious as they try to figure out the optimal time to buy. To find out more about when you can get the best price on a new vehicle, GOBankingRates interviewed Zoriy Birenboym, CEO of and founder of and Jason Feuerberg, a Texas-based, 28-year automotive industry sales leader who has worked for brands including Jaguar, Land Rover, Lexus, Acura and Toyota. Trending Now: Learn More: Here are the best times of year to buy a new car, according to experts. According to Feuerberg, March, August and December are the months to look out for incentives, with December being the best. He explained that March typically kicks off incentives for the year in the form of a spring sales event coming out of a winter slumber. 'That leads you into late spring [and] into the summer months,' he said. 'August will be another sales event, typically, for most manufacturers, to signify the end of summer sales and opportunities to get great deals with dealers and manufacturers wanting to move the model year prior off dealers' lots. 'By far, December is the very best month of the year to buy a car.' Check Out: Birenboym pointed out that, each year, new vehicles usually first become available in September. He explained that when a new model or redesigned model is ready to be released, the manufacturer releases incentives to the public to move the prior year's models. He added that factors that can contribute to the manufacturer's decision include how much old stock is left. Feuerberg further explained the relationship between new models being released and lower pricing. 'It definitely does have an impact on pricing,' he said. 'It comes down to what the manufacturer provides in incentives and the sense of urgency for dealers to get that model off their lot.' Feuerberg said publicly-traded dealers (e.g. Asbury Automotive Group, AutoNation) and private dealers (such as local car dealers) run holiday sales events in November and December because they want to have a strong finish to the year. 'The publicly-traded companies want their fourth quarter to look very strong,' he said. 'Privately held dealers… are trying to be competitive with other dealers, so they are pushing as hard as they can to sell as many cars as possible, knowing that in December you typically have the best foot traffic.' Feuerberg further explained that, during the last part of the year, vehicle manufacturers put forth the marketing dollars that dealers can use to help generate foot and internet traffic and get people in the door to buy. More From GOBankingRates10 Most Expensive Meals in the World10 Cars That Outlast the Average Vehicle This article originally appeared on I'm a Car Expert: These Are the Best Times of Year To Buy a New Car Sign in to access your portfolio
Yahoo
28-02-2025
- Automotive
- Yahoo
I'm a Car Expert: These 6 Hybrid Cars Are the Best Frugal Buys of 2025
When it comes to picking a new hybrid car, vehicle shoppers are spoiled for choice. At last count, there were 51 types of hybrid cars available to U.S. consumers, according to the Environmental Protection Agency, per Car and Driver. And many still qualify for federal tax credits, making these one-time cost-prohibitive vehicles affordable. Discover More: Trending Now: Zoriy Birenboym, founder and CEO of the online auto dealership as well as the high-rated New York-based auto repair shop notes that it's not just the government making hybrids an attractive buy. 'Manufacturers are offering aggressive incentives, and hybrid technology is more efficient than ever, making leasing or financing a hybrid a smart financial decision,' he said. With over a decade in the automotive industry, he has a unique vantage point on which hybrid car brands make for the best deals. These are his recommendations for the best hybrid cars for frugal shoppers. Birenboym is a big fan of the Jeep Wrangler 4xe, a hybrid SUV that combines the renowned off-road capability of the Wrangler with plug-in hybrid efficiency. The model is also a steal, he added. 'Right now, Jeep has some of the best incentives available, especially for loyal customers or those switching from competitor brands,' said Birenboym. With generous manufacturer incentives and potential state rebates stacking up to significant savings, leasing a Wrangler 4xe can be an outstanding deal, with recent promotions bringing lease payments down to the $300 to $400 range. Be Aware: A spacious SUV with third-row seating and excellent fuel efficiency, Birenboym said the Mazda CX-90 Plug-in Hybrid is an excellent option for families looking to bring down their carbon footprint. 'Mazda has built a solid reputation for reliability, and the CX-90 comes with an amazing promotion right now,' he noted. Mazda has been pushing attractive lease offers on this model, making it an excellent choice for families who need a reliable ride at an affordable price. Toyota has long been known for its reliable hybrid technology, and Birenboym said the Toyota RAV4 Hybrid continues to hold its value exceptionally well. 'Toyota hybrids are a no-brainer if you're looking for long-term value and reliability,' he added. With strong fuel economy, a practical design and a history of dependability, this SUV is a solid pick for budget-conscious buyers. Birenboym pointed out that the RAV4 Hybrid has excellent resale value, making it a good investment — even for those planning on keeping their car for a long time. Luxury hybrids don't always come with big discounts, but the Lexus RX Hybrid offers a solid balance of efficiency and premium features while still being relatively affordable. 'Lexus hybrids hold their value incredibly well, and with proper maintenance, they can easily surpass 200,000 miles,' Birenboym explained. While not as aggressively priced as some non-luxury brands, the RX Hybrid benefits from Lexus' reputation for longevity and low maintenance costs, making it a high-end hybrid with long-term value. For budget-conscious drivers needing a plug-in hybrid with all-wheel drive, the Mitsubishi Outlander PHEV is a reliable-yet-affordable option. 'This is one of the most budget-friendly hybrids out there with great features, especially for those looking for all-weather capability,' Birenboym stated. Although many Volvo XC90 Plug-In Hybrids have already sold out due to high demand, this luxury SUV was one of the best deals in 2024, due to a competitive promotion by the manufacturer. 'Volvo hybrids have seen a surge in popularity, and the XC90 is one of the best picks for those who want a blend of luxury and efficiency,' said Birenboym. With premium comfort, strong hybrid efficiency and excellent safety features, it's a solid investment if you can still find one. More From GOBankingRates Here's the Minimum Salary Required To Be Considered Upper-Middle Class in 2025 The Money You Need To Save Monthly To Retire Comfortably in Every State How Far $750K Plus Social Security Goes in Retirement in Every US RegionThis article originally appeared on I'm a Car Expert: These 6 Hybrid Cars Are the Best Frugal Buys of 2025
Yahoo
28-02-2025
- Automotive
- Yahoo
I'm a Car Expert: These 6 Hybrid Cars Are the Best Frugal Buys of 2025
When it comes to picking a new hybrid car, vehicle shoppers are spoiled for choice. At last count, there were 51 types of hybrid cars available to U.S. consumers, according to the Environmental Protection Agency, per Car and Driver. And many still qualify for federal tax credits, making these one-time cost-prohibitive vehicles affordable. Discover More: Trending Now: Zoriy Birenboym, founder and CEO of the online auto dealership as well as the high-rated New York-based auto repair shop notes that it's not just the government making hybrids an attractive buy. 'Manufacturers are offering aggressive incentives, and hybrid technology is more efficient than ever, making leasing or financing a hybrid a smart financial decision,' he said. With over a decade in the automotive industry, he has a unique vantage point on which hybrid car brands make for the best deals. These are his recommendations for the best hybrid cars for frugal shoppers. Birenboym is a big fan of the Jeep Wrangler 4xe, a hybrid SUV that combines the renowned off-road capability of the Wrangler with plug-in hybrid efficiency. The model is also a steal, he added. 'Right now, Jeep has some of the best incentives available, especially for loyal customers or those switching from competitor brands,' said Birenboym. With generous manufacturer incentives and potential state rebates stacking up to significant savings, leasing a Wrangler 4xe can be an outstanding deal, with recent promotions bringing lease payments down to the $300 to $400 range. Be Aware: A spacious SUV with third-row seating and excellent fuel efficiency, Birenboym said the Mazda CX-90 Plug-in Hybrid is an excellent option for families looking to bring down their carbon footprint. 'Mazda has built a solid reputation for reliability, and the CX-90 comes with an amazing promotion right now,' he noted. Mazda has been pushing attractive lease offers on this model, making it an excellent choice for families who need a reliable ride at an affordable price. Toyota has long been known for its reliable hybrid technology, and Birenboym said the Toyota RAV4 Hybrid continues to hold its value exceptionally well. 'Toyota hybrids are a no-brainer if you're looking for long-term value and reliability,' he added. With strong fuel economy, a practical design and a history of dependability, this SUV is a solid pick for budget-conscious buyers. Birenboym pointed out that the RAV4 Hybrid has excellent resale value, making it a good investment — even for those planning on keeping their car for a long time. Luxury hybrids don't always come with big discounts, but the Lexus RX Hybrid offers a solid balance of efficiency and premium features while still being relatively affordable. 'Lexus hybrids hold their value incredibly well, and with proper maintenance, they can easily surpass 200,000 miles,' Birenboym explained. While not as aggressively priced as some non-luxury brands, the RX Hybrid benefits from Lexus' reputation for longevity and low maintenance costs, making it a high-end hybrid with long-term value. For budget-conscious drivers needing a plug-in hybrid with all-wheel drive, the Mitsubishi Outlander PHEV is a reliable-yet-affordable option. 'This is one of the most budget-friendly hybrids out there with great features, especially for those looking for all-weather capability,' Birenboym stated. Although many Volvo XC90 Plug-In Hybrids have already sold out due to high demand, this luxury SUV was one of the best deals in 2024, due to a competitive promotion by the manufacturer. 'Volvo hybrids have seen a surge in popularity, and the XC90 is one of the best picks for those who want a blend of luxury and efficiency,' said Birenboym. With premium comfort, strong hybrid efficiency and excellent safety features, it's a solid investment if you can still find one. More From GOBankingRates Here's the Minimum Salary Required To Be Considered Upper-Middle Class in 2025 The Money You Need To Save Monthly To Retire Comfortably in Every State How Far $750K Plus Social Security Goes in Retirement in Every US RegionThis article originally appeared on I'm a Car Expert: These 6 Hybrid Cars Are the Best Frugal Buys of 2025
