This Wednesday, General Motors Co., Toyota Motor Corp., and other auto manufacturers are set to announce their annual sales figures, amidst worries of a potential economic downturn that could reduce the demand for vehicles and affect profits in the coming year.

As more car makers roll out electric vehicles, they are discovering an important trait among early customers: They are far more willing to try new brands. This is a great opportunity for new brands to enter the market and gain a foothold.

There are many benefits to buying a used car instead of a new one. Used cars are often much cheaper than new cars, and they don't depreciate as quickly.