Thursday, November 22, 2012

Happy Thanksgiving!


 
From our family to yours, we would like to wish you a happy and safe Thanksgiving.

Thursday, November 1, 2012

Toyota Recalls Racing Kits


"Toyota is recalling 655 Toyota Racing Development (TRD) brake kits, P/N PTR09-35070, and TRD High-Performance brake kits, P/N PTR09-35100, installed by Toyota vehicle processing centers and sold by Toyota dealers as an optional accessory for model year 2007 through 2012 Toyota FJ Cruiser vehicles.

The subject TRD brake kit is specifically designed for the front wheels of 2007-12 model year FJ Cruiser vehicles. Due to the shape of the outer brake tube of the brake kit, the clearance between the outer brake tube and a TRD 16 inch 6-spoke alloy wheel is minimal. If wheel balance weights are installed in an incorrect location, there is a possibility that the outer brake tube could be damaged due to interference with the balance weight, and brake fluid could leak from the damaged tube. " [Read more]

Friday, September 7, 2012

Certified Sales Set Record


"Dealers saw the best August ever for certified pre-owned sales, according to AutoData Corp.

Sales came in at 160,206, up 9.6 percent from August 2011, and up 6.1 percent from the prior month.

There were 27 selling days in August 2012 vs. 26 in August 2011 and 24 in July 2012.

August year-to-date sales were 1,228,141, up 5.4 percent from the same period last year." [Read more]

Wednesday, August 22, 2012

Customers More Satisfied with Vehicles


"Customer satisfaction with the auto industry matched an all-time high in the second quarter, according to a report released by the American Customer Satisfaction Index (ACSI).

Customer satisfaction improved for a second straight year, reaching an index score of 84. The current score matches the industry's all-time high from 2009 when aggressive dealer incentives, combined with the government's "Cash for Clunkers" program, helped revive the recession-strapped auto industry.

The customer satisfaction gain spans both domestic and foreign nameplates, with about 60 percent of the brands showing upticks in their ACSI scores compared with 2011. Specifically, four of seven Asian nameplates, two of three European carmakers, and six of nine American brands all earn higher ACSI scores.

While domestic nameplates show the greatest improvement overall, they continue to trail both European and Asian cars. Among the U.S. automakers, Ford continues to hold the lead at 86, followed by an unchanged General Motors at 84. Chrysler stays in last place overall, but makes the most progress in customer satisfaction with a surge to 81." [Read more]

Friday, August 10, 2012

More Consumers Want Hybrids

"When it comes to selecting a new automobile, car owners are showing an interest in purchasing a hybrid vehicle over traditional combustion engine vehicles.

One-third of car owners report they have an interest in purchasing a hybrid vehicle and about a quarter say that their interest in hybrids has increased from a year ago. Yet, even as new car buyers look more deeply into alternative fuel options, traditional combustion engine vehicles still get the nod by more than half (59%) of consumers as a vehicle choice they will consider for their next purchase." [Read more]

Wednesday, August 8, 2012

Trucks Top Most-Searched List

"The Ford F-150 once again claimed the number one spot as the most searched vehicle in June on carmax.com, according to CarMax, Inc., the nation's largest retailer of used cars. The pickup was accompanied by two other trucks, and the always present Jeep Wrangler and Chevrolet Tahoe, beating out more fuel-efficient sedans and hybrids.

The top 10 searched vehicles on carmax.com for June are: [Read more]"

Wednesday, August 1, 2012

Dealers Like Preferred Relationships

"Satisfaction with automotive finance providers is significantly higher among dealers who have a preferred relationship with their lender, which is driven by a higher number of automated approvals, faster funding, more interactions with their sales representative and a perceived increase in the flexibility of the lender's buying policy, according to the J.D. Power and Associates 2012 U.S. Dealer Financing Satisfaction Study.

Preferred relationships are instituted by lenders that want to capture a larger percentage and/or a certain mix of a dealership's business and are often targeted to the lender's best dealerships. Preferred dealers who complete a certain volume or mix of their business with their lender are often rewarded under the terms of preferred relationships with rate discounts, better access to special programs and an improved service experience, compared with traditional relationships. " [Read more]

Friday, July 20, 2012

Hybrids Do Well Despite Gas Prices

"Sales of dedicated hybrid and alternative-energy vehicles surged more than 164 percent in June, according to Kelley Blue Book's Blue Book Market Report for July 2012.
With gas prices expected to continue their descent, hybrid and electric vehicle sales could slow; however, currently it appears as though the sales decline will be relatively mild.

Sales of alternative-energy vehicles typically fall rapidly after fuel prices peak, and although sales are down from the March high, they remain stronger than in previous years.
Sales of the Lexus CT200h improved nearly 500 percent year-over-year.

In addition, the Chevrolet Volt was a strong performer with sales improving more than 200 percent year-over-year. The Volt, popular for its longer driving range, has outsold the Nissan Leaf nearly 3-to-1 so far this year, even though it has a higher manufacturer's suggested retail price (MSRP) and is not considered a "true" all-electric from a purists' standpoint. " [Read more]

Wednesday, July 18, 2012

Volvo Recalls Sedans

"Volvo is recalling about 1,500 model year 2011-13 S80 vehicles.

A software error may prevent the transmission from downshifting such as shifting from fifth to fourth gear when coasting.

This may result in decreased engine rpms and possible engine stall, increasing the risk of a crash.

Volvo will notify owners, and dealers will upgrade the software to the transmission control module, free of charge. The safety recall is expected to begin on, or about, July 19." [Read more]

Thursday, July 12, 2012

Isuzu Recalls Small SUVs

"Isuzu is recalling about 11,000 model year 1998-2000 Amigo and model year 2001-02 Rodeo sport vehicles, that were originally sold, or are currently registered, in the states of Maine, New Hampshire, Vermont, Massachusetts, Rhode Island, Connecticut, New York, New Jersey, Pennsylvania, Delaware, Maryland, The District of Columbia, West Virginia, Ohio, Indiana, Michigan, Illinois, Wisconsin, Minnesota, Iowa, Missouri and Kentucky.

These vehicles may experience excessive corrosion in the vicinity of the forward mounting point bracket for the left or right rear suspension lower link.

Excessive corrosion may result in the left or right rear suspension lower link bracket becoming detached from the frame, which can affect vehicle handling and increase the risk of a crash. " [Read more]

Friday, July 6, 2012

Consumers Want American Built Cars

"According to the July edition of the Shopper Insights Report from the AutoTrader.com Trend Engine, 41 percent of car shoppers recently surveyed say that it is important to purchase a vehicle built in the U.S. by U.S. workers, versus 28 percent who say it is important to purchase a vehicle made by a U.S. automaker.

The top three reasons shoppers say that it is important to purchase a vehicle that is physically "Made in America" are: Protects American jobs (78 percent), Supports the American economy (74 percent) and Keeps American dollars at home (62 percent). " [Read more]

Wednesday, July 4, 2012

Happy 4th of July!

 
From our family to yours we would like to wish you a very safe and fun 4th of July!

Friday, June 29, 2012

Vehicles on Road Grow Older

"Experian Automotive announced that there were 17.3 million more light-duty vehicles seven years and older on the road in the United States than there were three years ago.

According to its Q1 2012 Vehicles in Operation (VIO) market analysis, Experian Automotive also found that there were more than 245 million vehicles on U.S. roads, and that the age of vehicles increased when compared to the first quarter of 2011, up 1.9 percent to an average age of 11 years.

Additional data from the report showed Ford as the most prevalent make on the road in first quarter, followed by Chevrolet, Toyota and Honda for both Canada and the United States. " [Read more]

Wednesday, June 27, 2012

GM Recalls Cruzes

"General Motors Co. is recalling more than 400,000 Chevrolet Cruzes for two problems that can cause engine fires.

GM is recalling 413,148 model year 2011 and 2012 Chevrolet Cruze vehicles manufactured between Oct. 2, 2009 and May 31, 2012. Spilled or dripping oil (such as after an oil change) may collect in the engine shield (bellypan) near hot engine or exhaust system surfaces. As a result, the oil and the engine shield may ignite and burn.

Either condition could result in an engine compartment fire, possibly causing injury or death.
GM will notify owners, and dealers will modify the engine shield to prevent fluid from contacting the shield. Also, on vehicles with a manual transmission, dealers will apply a protective tape to the electronic power steering wire harness. Repairs will be performed free of charge to the owner. The safety recall is expected to begin on, or about, July 11." [Read more]

Friday, June 22, 2012

Kelley Redesigns App

"Kelley Blue Book debuted its newly redesigned app-like mobile website for kbb.com.

In addition to Kelley Blue Book Values, smartphone users now have access to several new features on kbb.com's free mobile website to help make the best purchase decision possible while on-the-go. The redesigned site provides mobile users with an intuitive path to seamlessly help them through the research process. Car shoppers' recently viewed cars also are automatically saved on the optimized mobile site and surfaced on a new homepage when they return to the site, giving them easy access to their research throughout the buying process.

Kelley Blue Book focused on an advanced design for its new mobile-optimized site to give users the look and feel of an app, in addition to the ability to view more new- and used-car information in an easy-to-use format. In the new kbb.com mobile experience, users no longer are confined to vertical scrolling. The ability to swipe left to right provides shoppers with a superior user experience, and opportunity for more functionality with kbb.com's content, such as the 360-degree vehicle views" [Read more]

Thursday, June 21, 2012

Mercedes Recalls Wagons

"Mercedes-Benz is recalling about 3,600 model year 2007-09 E350 4Matic wagon vehicles manufactured from July 1, 2006 through April 30, 2009.

A connecting rod for the load leveling rear suspension system may fail. If this occurs, the driver may have reduced vehicle control, increasing the risk of a crash.

Mercedes-Benz will notify owners, and dealers will inspect, and if necessary, replace the level control connecting rod, free of charge. The safety recall is expected to begin during August." [Read more]

Friday, June 15, 2012

Honda Recalls Civics

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"Honda is recalling about 50,000 model year 2012 Civics.

During assembly, the process required to seat the driver's side driveshaft and set the retaining clip was not completed. As a result, the driveshaft may separate.

If this occurs, the vehicle will have a loss of drive power and may roll away if the parking brake has not been set when the gear selector has been placed in the "park" position, increasing the risk of crash or pedestrian injury.

The safety recall is expected to begin on, or about, June 21.

Honda's recall campaign number is S40." [Read more]

Friday, June 8, 2012

NADA Guide predicts year-old Leaf will retain 95% of value

 
"The NADA Official Used Car Guide has added average trade-in values for 1-year-old Chevrolet Volt and Nissan Leaf sedans to its used-vehicle value listings. Both cars plug in.

In its June edition, the NADA Guide will project the average trade-in value for a typically equipped 2011 Leaf SV electric car at $23,975 -- 95 percent of its sticker price of $25,280, after the $7,500 federal tax credit available to buyers who purchase the vehicle new.

The projected trade-in value of the 2011 Volt, which runs on electricity and gasoline, was said to be $29,325, or 90 percent of its $32,780 sticker price for June, after the $7,500 federal tax credit.

For comparison, a typically equipped 2011 Honda Civic Hybrid has a projected trade-in value of 76 percent of its sticker price, and a 2011 Toyota Prius has a projected trade-in value of 88 percent of its sticker price.

Maynard Brown, an NADA Guide analyst, says the company treats the tax credit similar to a rebate because buyers of used Volts and Leafs are aware of the discount and are not willing to pay more for those vehicles than the new-car buyer paid." [Read more]

Wednesday, June 6, 2012

Certified Pre-Owned Sales Increase

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"May certified pre-owned sales were 156,997, up 8.7 percent from a year ago, and up 9.7 percent from April, according to AutoData Corp.

There were only 26 selling days in April compared to 24 in May 2011 and 24 in April. The daily selling rate was about equal with May 2012, but up 1.3 percent from a year ago." [Read more]

Thursday, May 31, 2012

Credit Scores Improve

"Experian Automotive announced that average credit scores for consumers buying a vehicle have dropped to near prerecession levels.

According to its quarterly automotive credit analysis, the average credit score for financing a new vehicle dropped six points to 760 and dropped four points to 659 for used vehicles. Comparatively, credit scores in Q1 of 2008 were at an average of 753 for new vehicles and 653 for used.

Lenders also continued to set favorable terms for consumers during Q1 2012. Interest rates were lower year-over-year and loan terms were longer, giving consumers access to potentially lower monthly payments. For example, the average interest rates dropped to 4.56 percent on new vehicle loans and to 9.02 percent for used. The average loan terms also increased, extending by one month for new and used vehicles to a total of 64 and 59 months, respectively." [Read more]

Wednesday, May 30, 2012

Used Car Sales Spike

"True Car estimates used car sales will come in at 4,387,554 this month, up 6.3 percent from May 2011 and up 15.7 percent from April.

The ratio of new to used is estimated to be 1:3 for May.

New light vehicle sales, (including fleet) is expected to be 1,400,665 units, up 32 percent fromMay 2011 and up 18.3 percent fromApril (on an unadjusted basis).

The May forecast translates into a Seasonally Adjusted Annualized Rate (SAAR) of 14.5 million new car sales, up from 11.7 million in May 2011 and flat from 14.5 million in April.

Retail sales are up 29.4 percent compared to May 2011 and up 21.1 percent from April." [Read more]

Tuesday, May 22, 2012

Loan Default Rates Drop Again

"All loan types, with the exception of bank cards, saw a decrease in default rates for the fourth consecutive month, according to data through April released by S&P Indices and Experian for the S&P/Experian Consumer Credit Default Indices.

The auto loan default rate hit its lowest in its eight-year history - 1.07 percent in April, down from March's 1.11 percent.

All four loan types that decreased posted their lowest rates since the end of the recent economic crisis. The national composite declined to 1.86 percent in April from its 1.96 percent March rate.

The first mortgage default rate decreased from March's 1.88 percent to April's 1.76 percent. The second mortgage default rate also declined from 1.03 percent in March to 0.93 percent in April. "Bank card" was the only loan type where default rates increased marginally in April, to 4.49 percent from its 4.47 percent March level." [Read more]

Friday, May 18, 2012

Black Book Sees Lower Prices

"Black Book said recent trends in new-car trades are easing pressures in the wholesale market.

Editor Ricky Beggs reports that there are a few more cars coming into the market through the trade-in process, as new car sales continue to increase. This is being offset somewhat as the end-of-term lease contracts continue to decline and should continue this pattern through December before starting to increase again after a couple of months into 2013.

Used vehicle truck values increased slightly this past week for seven of the 14 truck segment types.

Full-size crossover showed the most strength with a $32 increase week over week. However, mid-size crossovers declined $40." [Read more]

Friday, May 11, 2012

Ford Recalls More Minivans

"Ford is recalling 27,000 model year 1998-2003 Windstar vehicles manufactured from Sept. 1, 1997 through July 3, 2003, and currently registered or originally sold in Virginia.

Over time, corrosion can weaken the rear axle making it susceptible to torsional stress. Corrosion and stress can lead to cracks, which, if undetected, can increase, and result in a complete fracture of the axle.

A fractured axle can affect vehicle handling and increase the risk of a crash.

Ford will notify owners, and dealers will inspect and install rear axle reinforcement brackets, or replace the axles, as necessary. This service will be performed free of charge. The recall is expected to begin on or about June 18. Owners may contact Ford at 1-866-436-7332. " [Read more]

Friday, May 4, 2012

Consumer Credit Improves

"The credit landscape continues its consistent recovery heading into the second quarter, with the exception of home finance, according to U.S. consumer data from Equifax's March National Consumer Credit Trends Report.

At the end of the first quarter, U.S. consumer debt was at $10.9 trillion, down from its peak of $12.4 trillion in October 2008.

Credit write-offs are lower by 50 percent from March 2009, when banks wrote off a total of $39.7 billion - excluding home finance write-offs. In March the number stood at $20 billion, reflecting stronger consumer finances. During the recession, the average size of delinquencies rapidly increased as dollar rates were outpacing total number of delinquent accounts, a trend that has since reversed in auto, bankcard, consumer finance and retail card categories.

More than 72 percent of total delinquencies are still tied to loans originated between 2005 and 2007, which comprise 36 percent of balances outstanding, while loans opened in 2009 and later have performed much better. Only 12.6 percent of delinquent accounts are from credit lines or loans opened in or after 2009. " [Read more]

Tuesday, May 1, 2012

Used Values Drive Down Losses

"Strong used vehicle values and an improving economy are helping to propel prime U.S. auto ABS losses to new record lows, according to the latest index results from Fitch Ratings.

Prime auto loan ABS delinquencies and annualized net losses (ANL) declined 24 percent and 11 percent month-over-month, respectively.

Positive economic data, including lower unemployment in recent months, resulted in improved loss frequency during March. Prime 60-plus days delinquencies dropped to 0.35 percent, the lowest level in over a decade. Delinquencies were 31.4 percent lower in March versus March 2011.

Prime ANL improved for the third consecutive month to a new record low of 0.34 percent in March, besting February's prior record low. ANL were 49.25 percent lower compared to March 2011.

In the subprime sector, 60-plus days delinquencies sank 25 percent to 2.56 percent in March month-over-month, the lowest level in just under a year. Delinquencies were 2.7 percent lower in March versus a year ago. Subprime ANL skidded lower to 4.71 percent in March, a 29 percent improvement over February and 7.8 percent better than in March 2011. " [Read more]

Thursday, April 26, 2012

True Car Sees Used Sales Increase

"True Car Inc. estimates used car sales will come in at 3,615,148 in April, up 33.6. percent from March.

Sales are down 2 percent from April 2011 however.

The ratio of new to used is estimated to be 1:3 for April.

True Car expects new light vehicle sales in the U.S. (including fleet) to be 1,195,809 units, up 3.4 percent from April 2011 and down 14.8 percent from March 2012 (on an unadjusted basis).

The April forecast translates into a SAAR of 14.6 million new car sales, up from 13.2 million in April 2011 and up from 14.4 million in March.

Fleet and rental sales are expected to make up 18 percent of total industry sales in April." [Read more]

Tuesday, April 24, 2012

10 Things Your Car Will Have By 2020

"The 1980s classic film, Back to the Future, depicts a future with flying cars and "skyways." The year: 2015. We don't have a time machine, but we can guarantee that in four years we'll still be using earthbound roads.

And we peered a little further into the future of automotive technology — to 2020, to be exact — to see what features are likely to be big sellers.

Safety will always be a top concern, and car companies will continue to develop technology to help reduce accidents. Government mandates to increase fuel economy and reduce pollution will lead to smaller, less thirsty vehicles, with a high percentage of electrified vehicles on the road. And you'll likely be able to tell your car to check your Facebook page." [Read more]

Friday, April 20, 2012

Auto Sales 'Definitely In Recovery Mode' Analyst Says

"Auto retailers outpaced the general market for most of the day Tuesday, posting one of the strongest gains among industry groups.

Many in the group, made up primarily of auto dealership chains, are set to report earnings next week. And while data in many industries have seesawed back and forth, analysts are calling for a strong quarter in the group, based partly on March auto sales numbers, reported early this month, that showed no pullback by consumers.

"We're definitely in recovery mode," said analyst Rick Nelson with Stephens, with sales being driven by record vehicle age and replacement demand, credit availability and more aggressive lease terms, stepped up new product introductions with greater fuel efficiency and healthy trade-in values." [Read more]

Thursday, April 19, 2012

Chrysler Expands Certification

"Chrysler Group LLC announced the launch of Diversified Certified, a new program that enables Chrysler Group dealers to certify and sell competitive-make, pre-owned vehicles backed with a Chrysler Group warranty.

The 140 Fiat stores now open in the United States are the first to launch the Diversified Certified program. Chrysler, Jeep, Dodge and Ram Truck dealers will join the program in about 60 days.

Consumers looking for the security that a certified pre-owned vehicle offers now need only look to Chrysler Group dealerships and Fiat stores for the widest selection and one-stop shopping.
All competitive-make pre-owned vehicles will be subjected to a thorough certification process and come with a 5-year/60,000-mile maximum care (full mechanical) warranty from original in-service date, as well as Certified Pre-Owned program benefits such as towing, roadside assistance and more." [Read more]

Wednesday, April 18, 2012

BMW Expands Recall

"BMW is recalling 2,846 YEAR 2011 5-Series, 5-Series Gran Turismo, model year 2012 6-Series convertible, 7-Series, X5 SAV, AND X6 SAV vehicles equipped with 8- or 12-cylinder, turbocharged, engines because the circuit board for the electric auxiliary water pump can overheat.

This could lead to a smoldering of the pump or an engine compartment or vehicle fire.

BMW will notify owners, and dealers will replace the auxiliary water pump free of charge. The safety recall is expected to begin during April 2012." [Read more]

Friday, April 13, 2012

Fuel Economy Improves

"TrueCar.com provided fuel economy numbers from March light vehicle auto sales that indicateTrueMPG increased to 23.4 mpg in March compared to 22 mpg in March 2011, and increased from Februarys 23.2 mpg.

Just four years ago, in March 2008, TrueMPG was 20.3 mpg.

TrueMPG is the companys own measure of fuel economy.

The TrueMPG for vehicles sold by U.S. manufacturers averaged 21.3 mpg in March, up from 20.5 mpg in March 2011. European manufacturers increased their average fuel economy for vehicles sold from 20.5 mpg to 22.7 mpg; Japanese manufacturers increased their average fuel economy from last years 23.6 mpg to 25 mpg; and South Korean manufacturers increased their average fuel economy for vehicles from 26 mpg to 28.1 mpg." [Read more]

Thursday, April 12, 2012

Trade-in Values Rise in April

"Trade-in values on used cars are expected to peak over the next few weeks, said Jonathan Banks, executive automotive analyst with the National Automobile Dealers Association (NADA) Used Car Guide.

"While prices for all used-vehicle segments will remain stable over the next two months, compact and mid-size cars will appreciate in value and outpace other segments because of rising gasoline prices, shortage of inventory and strong consumer demand for fuel-efficient vehicles," Banks said.

Used values for the compact and mid-size car segments grew by an average of $300, or 2.6 percent, from March to April, and values have grown by an average of $500, or 4.3 percent, since the start of the year, according to the NADA Used Car Guide." [Read more]

Monday, April 9, 2012

Certified Sales Set New Record

"In March, CPO sales broke 170,000 for the first time, reaching a high of 174,471, up 7.7 percent from March 2011, and 16.9 percent higher than February.

There were 28 selling days in March compared to 27 in March 2011 and 25 in February.

First quarter sales were 454,944, 8.4 percent above the first quarter a year ago and the highest quarter ever.

Yearover-year domestic brand share fell to 32.1 percent. European share fell to 16.6 percent. Asian share rose to 51.3 percent." [Read more]

Wednesday, April 4, 2012

BMW Recalls More Than 300,000 Vehicles

"BMW is recalling more than 300,000 model year 2004-10 5-Series, model year 2004-10 6-Series, Model year 2006-10 M5 and model year 2007-10 M6 vehicles. The insulated bulkhead connector for the positive battery cable may have been incorrectly attached to the trunk floor panel, which can lead to a loosening of the bolt connection. As it loosens, an increase in electrical resistance at this cable connection is possible and could cause the cable connection to overheat.

Overheating could lead to a fire, even while the vehicle is not in use. As a precaution, owners are advised to park outside until the remedy has been made.

BMW will notify owners, and dealers will inspect and secure the battery bolt cable connection as necessary, free of charge. The safety recall is expected to begin in April." [Read more]

Friday, March 30, 2012

3 Steps to Finding The Ideal Used Car

"Searching for a used car can be a significant chore. Hours are spent searching websites like craigslist and Cars.com without getting any closer to a decision. Most people want to find the ideal car that fits their lifestyle and budget, but they just don't know where to start. Fortunately, it is now possible to find an ideal car in three easy steps, using resources available to every car buyer.

First, Narrow Down Needs

The first thing to consider as a used car buyer is just what needs the car has to meet. Do you care more about raw power or high miles-per-gallon? Does the car need room for groceries or a car seat? Are head and legroom a concern? Answering these questions early on will keep you from buying a sweet ride that turns into a headache when you take it home.

Just as important is figuring out how much you can comfortably spend without borrowing money. A new car's value typically decreases 15-20% in the first year, and 10% per year for the following four years. Borrowing money and taking on payments to buy something that is going to decrease in value over time is usually not a good plan.

Some say that new cars make sense because they come with warranties and/or low dealership financing. The simple fact is, neither of these will come close to making up for the 50% depreciation in the first few years, especially if you make sure to check the car out before buying.

Second, Work Out "Wants"

Once the universe of vehicles has been narrowed down to the ones that meet a buyer's needs, the next step is to do some side-by-side comparisons and decide which they actually like. Unfortunately, since every used car is unique, it can be hard to make apples to apples comparisons. However, since models rarely change drastically from year to year, it can help to to visit a dealer's lot and check out some new models. Even when planning to buy used, this is a good way to quickly weed out cars (or whole classes) you just don't like. Visiting the lot allows you to actually see the vehicles in person, sit in the driver's seat, feel the legroom in the back, et cetera - things you just can't get from a written review.

The advice of the car dealer is another good resource, but do make it clear that you are only narrowing things down and have no intention of buying right away. That way no one's time is wasted.

Since only so much time can be spent on the lot, some comparisons can also be done at home. Use Google Image Search to search for models that interest you and find multiple different perspectives of their interiors and exteriors. That way even if you can't feel the leather, you can see the view from the cabin. TheCarConnection.com also has great photo galleries for every make and model you could imagine. Professional reviews can be useful as well. AutoTempest.com offers a review search tool that will find reviews for your car of choice from a bunch of top automotive sites." [Read more]

Thursday, March 29, 2012

Honda Recalls CR-Vs

"Honda is recalling 1,316 model year 2006 CR-V vehicles.

The weld strength attaching the sub-frame bushing collar to the passenger-side front lower arm is insufficient. The collar can separate from the arm due to vibration while driving.

As a result, a loss of steering can occur, increasing the risk of crash.

Honda will notify owners, and dealers will inspect the production lot stamp on the passenger-side front lower arm and, if necessary, replace the lower arm, free of charge. The safety recall is expected to begin on or about April 17." [Read more]

Wednesday, March 28, 2012

Consumers Confused About Credit

"Nearly half of U.S. consumers recently polled mistakenly thought that lenders, rather than consumers themselves, have the most control over their credit scores, according to a February FreeScore.com survey.

The survey of 300 respondents found that 47.2 percent thought that lenders control what credit score they have. Also, 64.7 percent of respondents thought the economy also could impact personal credit scores. However, results also revealed that more than four in five consumers (80.8 percent) understood that they are the ones with control over their credit scores and can exercise that control by following personal finance best practices like utilizing credit properly, not overspending, and living within ones means. Clearly there is some confusion among the respondents as to what factors dictate their credit scores.

The misperception, that lenders are in control, could be due in part to the fact that credit scores are getting considerably more scrutiny now than they did just a few years ago, as a larger pool of consumers need to apply for mortgages, refinancing, and other loan types including student and auto loans. As a result of the growing number of foreclosures and bankruptcies over the past several years, lenders have grown increasingly concerned about consumer credit scores, and weigh these heavily into the loan equation." [Read more]

Friday, March 23, 2012

Jaguar Recalls Parts for ‘90s SUVs

"Jaguar Land Rover North America Inc. is recalling 180 REAR driveshaft couplings, Land Rover branded part No. TVF100010, manufactured between April and November 2011, sold for use as service parts for model year 1995-1999 Discovery, 1999-2004 Discovery II, and 1995 Range Rover Classic vehicles. Some of the rear driveshaft couplings may not have been manufactured to the required engineering design specifications and may exhibit the onset of joint separation, precluded by drive line vibration.

If this increased vibration warning sign is ignored, catastrophic failure of the drive coupling can occur. The driveshaft may detach from the vehicle while in motion resulting in loss of drive and loss of transmission park functionality, increasing the risk of a vehicle crash and/or injury.

Land Rover will notify owners, and dealers will replace the affected rear driveshaft couplers free of charge. The recall is expected to begin on or about April 23.

Land Rover's recall campaign number is P024." [Read more]

Thursday, March 22, 2012

KBB Marks Milestone

"Kelley Blue Book reports a one million-download milestone for its kbb.com Android mobile application. Launched in November 2010, the free, interactive app provides users with crucial car-buying information to help make confident purchase decisions.

The kbb.com Android app provides shoppers with access to new and used Kelley Blue Book Values, including MSRP, invoice, fair purchase price, certified pre-wned, suggested retail, private party and trade-in values. Car buyers and sellers can use this information in vehicle transaction negotiations to ensure they get the best deal possible, wherever they may be.

The application also offers several features for car shoppers, such as a dealer locator with detailed maps and directions, 360-degree vehicle photos, new-car video reviews from kbb.coms expert editors, and the kbb.com Twitter feed for the latest automotive news and information from Kelley Blue Books team of car aficionados. " [Read more]

Tuesday, March 20, 2012

Used compact, hybrid car prices soar along with gas

"If you've been putting off buying a used compact car to save more gas, you may be in for a little sticker shock. And it's only going to get worse.

Used compact-car prices are rising in tandem with the soaring price of gas, and they could go up as much as 20% as they did last year, according to Kelley Blue Book.

Used compact cars rose 0.4% in February but price increases started picking up toward the end of the month, going up 1.3% during the week ended March 2. The average used car was priced at $11,124 at wholesale auctions, the places that car dealers go to buy more used cars for their lots.

As in past gas price spikes, there is no surprise about what used cars is suddenly seeing the biggest turnaround in demand:

"The 2010 Toyota Prius led in gains, increasing in value $1,370 through the month of February," said Alec Gutierrez, senior market analyst of automotive insights for Kelley Blue Book. " [Read more]

Friday, March 16, 2012

Rising Gas Prices Raise Concerns

"Rising gas prices are raising plenty of concerns among dealers, but they need to resist overreacting to the situation.


AAA reports gas prices rose 30 cents per gallon in the past month, averaging more than $3.80. In some parts of the county they topped $4.

The truck market suffered a huge crash the last time prices reached that level.

That trends seems like it's repeating itself, as wholesale truck prices dropped 2.2 percent last month, according to ADESA Analytical Services.

This time differs from 2008 in important ways, however, said Tom Kontos, ADESA's executive vice president of industry analysis.

There were more factors than fuel pushing down the truck market then, he said.

One was the housing market's collapse. Contractors make up the largest buyers of pick-up trucks, especially used ones.

The other was the end of an SUV fad. That peaked in the early part of the decade and a glut of these unwanted vehicles came off lease in 2008.

The media reported a large increase in demand for alternative fuel vehicles during the last price spike, but that proved more hype than reality.

Recent surveys find little interest in these vehicles among consumers even in the greenest parts of the country.

A poll by a Seattle-based auto insurer found less than 2 percent of Northwest drivers say they own a hybrid vehicle.

That comes as little surprise to Paul Davis, owner of Metropolitan Motors in Seattle.

He doesn't stock hybrids at all due to a lack of consumer interest.


"There's just too many variables," Davis said. "The technology is changing so fast."

He took several hybrids as trades in recent years from consumers looking to downsize into less expensive vehicles. Davis sent all of them to local Toyota dealers." [Read more]

Thursday, March 15, 2012

Toyota Recalls Almost a Half Million Trucks

"Toyota is recalling almost a half-million model year 2005-09 Tacoma vehicles, manufactured from Sept. 14, 2004, through Aug. 29, 2008. Over time, steering wheel vibration may damage the spiral cable assembly (clockspring) that powers the drivers air bag module.

If damage occurs, the air bag warning lamp will illuminate and the air bag may become deactivated.

In the event of a crash, the drivers side air bag may not deploy, increasing the risk of personal injury. " [Read more]

Wednesday, March 14, 2012

Fuel Efficiency Increases

"TrueCar.com provided actual fuel economy numbers from February light vehicle auto sales that indicate TrueMPG increased to 23.2 mpg in February 2012 compared to 21.4 mpg in February 2011, and increased from January 2012 at 22.9 mpg.

TrueMPG is the companys fuel economy measure.

According to TrueCar.com, the TrueMPG for vehicles sold by U.S. manufacturers averaged 21.2 mpg in February, up from 19.0 mpg in February 2011. European manufacturers increased their average fuel economy for vehicles sold from 22 mpg to 23 mpg; Japanese manufacturers increased their average fuel economy from 23.8 mpg to 24.9 mpg; and South Korean manufacturers increased their average fuel economy for vehicles from 26 mpg to 28 mpg." [Read more]

Friday, March 9, 2012

Gas Prices Drive Up Used Values

"CarGurus is forecasting that as gas prices climb toward $4.50 a gallon, prices on fuel-efficient used vehicles will follow with an increase of 15 percent by August. CarGurus analysts say the correlation between gas prices and prices of fuel-efficient used cars has been notably high over the past 13 months: As gas prices climbed to nearly $4 a gallon last year, demand for used fuel-efficient cars followed, which sent prices on such vehicles up soon after. This year, CarGurus analysts expect to see a similar price correlation, the key difference being that prices on fuel-efficient used cars never fully recovered from last year's highs, so consumers will see prices peak in August at levels 10 percent higher than the same time last year.

CarGurus has tracked the list prices on used cars since August 2010 and regularly provides insights on related market trends. To arrive at this forecast, CarGurus analysts studied the correlation between 2011 gas prices and the historical average prices on a subset of fuel-efficient cars. CarGurus then considered the current market conditions to project prices through August 2012." [Read more]

Thursday, March 8, 2012

Chrysler Expands Certification

"Chrysler Group LLC announced the launch of Diversified Certified, a new program that enables Chrysler Group dealers to certify and sell competitive-make, pre-owned vehicles backed with a Chrysler Group warranty.

The 140 Fiat stores now open in the United States are the first to launch the Diversified Certified program. Chrysler, Jeep, Dodge and Ram Truck dealers will join the program in about 60 days.

Consumers looking for the security that a certified pre-owned vehicle offers now need only look to Chrysler Group dealerships and Fiat stores for the widest selection and one-stop shopping.

All competitive-make pre-owned vehicles will be subjected to a thorough certification process and come with a 5-year/60,000-mile maximum care (full mechanical) warranty from original in-service date, as well as Certified Pre-Owned program benefits such as towing, roadside assistance and more." [Read more]

Friday, March 2, 2012

Hybrids Prove Hard Sell

"Hybrids prove a hard sell, even in the green Northwest.

A recent poll by Seattle-based PEMCO Insurance found less than 2 percent of Northwest drivers say they own a hybrid vehicle.

However, the poll shows that hybrids do remain a consideration for more than half of all drivers. As many as 59 percent of drivers in Oregon and 56 percent of Washington drivers say they would consider buying a hybrid the next time they shop for a new car.

About two-thirds of Washington hybrid drivers and just half of Oregon hybrid drivers say they're motivated by the money that hybrids help them save on gas, rather than a desire to reduce pollutants emitted by gas-powered vehicles.

Washington drivers also are three times more likely than Oregon drivers to say that rising gas prices would motivate them to buy a hybrid, according to the poll.

Of those who say they aren't likely to purchase a hybrid for their next vehicle, at least one-third from either state could be swayed if hybrid vehicles cost less. Thirty-four percent of Oregon drivers and 42 percent of Washington drivers said they would be more inclined to purchase a hybrid if the cost dropped by 5 percent. " [Read more]

Thursday, March 1, 2012

More Proof Cars Last Longer

"Another study shows vehicles are growing even more dependable.

Consumer Reports compared the percentage of problem-free, three-year-old models from its 2002 and 2011 Annual Auto surveys for 13 automakers based on their product output for which owners did not report any serious problems with their cars during the 12 months covered by each survey.

The analysis of 2011 survey data revealed an overall improvement in used-car reliability from almost all automakers with Volvo, Mercedes-Benz, Volkswagen, Hyundai, Ford, General Motors, and Chrysler showing the most notable gains (a minimum of 10 percentage points) compared to Consumer Reports' 2002 results. BMW landed at the bottom of the 2011 list with only about 70 percent of its used cars being trouble-free, which is better than the 2002 survey average of 68 percent.

Consumer Reports chose three-year-old vehicles most of which are coming off warranty and when owners begin to assume the cost of ongoing repairs. By age three, most models also have the steepest part of depreciation behind them, so used-car buyers will find it a good age on which to focus. In its analysis of used cars, Consumer Reports also tracked extremes from 2007 models five models that started out with few problems and stayed reliable as they turned five years old and five models that started out with a few more problems and got much worse over time." [Read more]

Thursday, February 23, 2012

KBB Adds Motorcycle History Reports

kelley 
"Kelley Blue Book, the leading provider of new car and used car information announced its newly formed relationship with Cyclechex to offer motorcycle history reports on its website. Consumers contemplating the purchase of a pre-owned motorcycle now have the opportunity to view its history, dating back to model-year 1981.

The Cyclechex report can include historical title information such as the last recorded odometer reading, any disclosed damage, the number of previous owners, salvage, rebuilt, or stolen titles, vehicle identification number (VIN) decoding, vehicle specifications and the manufacturer's recall history.

"Working with Cyclechex, Kelley Blue Book offers its motorcycle shoppers access to the information they need to make an informed purchase decision," said Damon Bennett, vice president of business development and partnerships for Kelley Blue Book. "These reports generate data from a variety of governmental sources, consolidate the information, and deliver to the consumer comprehensive information that provides a level of confidence."

Cyclechex Motorcycle History Reports can be purchased through the Kelley Blue Book website." [Read more]

Wednesday, February 22, 2012

Dealers Do Well in Customer Service

"Contrary to the negative perceptions often associated with automotive dealerships, a recent Maritz Research CEBenchmarks study revealed the auto industry outperforms several other industries, including retail and wireless services, when it comes to providing a quality customer service experience. In fact, three in four customers rated their experience among the three highest ratings on a 10-point scale when purchasing or leasing a vehicle or having a vehicle serviced.

The CEBenchmarks study compared customer service experiences across 11 industries and 34 types of transactions. Specifically, for automotive transactions, customers were asked about experiences purchasing or leasing a vehicle from a new car dealership in the past six months and having vehicles serviced at a new-car dealership within the past three months.

When asked more detailed questions about their automotive sales experience, 74.5 percent of customers were satisfied. The study also identified key factors in driving this customer satisfaction. Customers rated their experience with the sales process as the most important aspect, followed by dealership honesty, dealership keeping promises, vehicle delivery process and financing/paperwork process as additional indicators of satisfaction. " [Read more]

Friday, February 17, 2012

Dependability Hits an All-Time High

lexus-ls 
"Strong initial quality of 2009 model-year vehicles has translated into historically high levels of vehicle dependability in 2012, according to the J.D.Power and Associates 2012 U.S. Vehicle Dependability Study.

The study measures problems experienced during the past 12 months by original owners of three-year-old (2009 model-year) vehicles. Overall dependability is determined by the level of problems experienced per 100 vehicles (PP100), with a lower score reflecting higher quality.

In 2012, overall vehicle dependability averages 132 PP100 an improvement from the 2011 average of 151 which is the lowest problem rate since the inception of the study in 1990.

The strong dependability of these models reflects their high levels of initial quality when measured three years ago.

According to the J.D.Power and Associates 2009 Initial Quality Study, overall initial quality of 2009 model-year vehicles was the highest level of initial quality ever reached at that point. It has since been passed, including a new record in 2011.

Fully 25 of 32 brands have improved in dependability from 2011, while only six have declined and one has remained stable. Domestic nameplates have improved in 2012 at a slightly faster rate than imports, narrowing the dependability gap to 13 PP100 from 18 PP100 in 2011.

Despite facing immense challenges in 2009, automakers placed a keen focus on delivering outstanding levels of quality, which they understood would be essential to their long-term success, said David Sargent, J.D. Powers vice president of global automotive. Three years later, owners of these models are enjoying unprecedented levels of vehicle dependability and manufacturers are experiencing market recovery." [Read more]

Wednesday, February 15, 2012

Price Proves Most Important to Consumers

"When asked what made the sparks fly when deciding to buy a car, nearly half of all respondents said price was the leading factor, according to a new survey conducted for CarMax Inc.

The car of their dreams and lifestyle changes were other major factors, according to the survey. Additionally, men were more likely than women (35 percent vs. 27 percent) to say the car's personality or features (horsepower, MPG, etc.) was what made the sparks fly.

CarMax wanted to know about the love connection between owners and their vehicles to help kick off a five-week Love Your Car Facebook contest. To enter the contest, consumers visit the CarMax Facebook page and share a picture and caption to show how much they love their cars.

The survey also asked respondents why they "broke up" with their last car - 37 percent said, "not meeting my needs" - and why their car continues to "go the distance" - 45 percent chose "makes financial sense." [Read more]

Friday, February 10, 2012

What mechanics look for during a car safety inspection

When you take your car in for a safety inspection, there are several standard tests that a mechanic will put your car through in order make sure that your vehicle meets the necessary safety guidelines mandated by the State or Country that you live in.

In The United Kingdom, there is an annual M.O.T. (Motor Ordinance Test). This is required by law and is designed to keep all vehicles operating within a very high safety level. One may feel that this test is too strict.


In the United States of America, vehicles are NOT subject to an annual inspection, however, when a vehicle is sold to a second hand party, that vehicle has to be put through a test known as a 'Sate Inspection'.

Basically, the inspections are similar in both countries.

The safety requirements for the State Inspection in the US are listed below.

A vehicle must have good tires! All tires must be the same size and with sufficient tread, including the spare. Bald spots, exposed wire and irregular wear, are definitely not acceptable. On the side of each tire is an indicator level and if the tires are worn below that point, then the tire has to be replaced.

Your windshield must be free of any cracks or chips. Just one blemish may cause your vehicle to fail the test and you will have to have the windshield replaced!

Brakes may be tested on a treadmill. If your vehicle cannot withhold the standard pressure applied by the treadmill, then it will fail. Wheels are removed and the Drums, Rotors and brake pads will be checked for ware and tear. Brake hoses must be free of leaks.

Your steering capabilities will be checked for safety! If there is any movement in the front end or steering mechanism, your vehicle may have worn connecting rods or ball joints that will inevitably relate to critical consequences in the near future. The need for a simple alignment adjustment may be over looked." [Read more]

Used-Car Prices Climb

"Used-car shoppers may want to consider making a purchase sooner rather than later because prices aren't expected to come down any time soon. In fact, they are going up.

The average price tag on previously owned vehicles is on track to rise 1.8% in 2012, with much of that increase expected in the second half of the year, according to the National Automobile Dealers Association. 


It would mark the third-consecutive year that used-car prices—already running at or near record highs—will have risen. Prices jumped 3% in 2011 from the prior year.
"I have been looking at used-car ads for two weeks and can't get over the prices," said John Timmons of Canton, Mich. "Looks like I am just going to have to take the plunge and buy."
A midsize used car under five years old is projected to sell at an average price of $11,850 this year, according to the group. Two years ago, the same car would have sold for $10,325. The average price for a large, used pickup truck one to five years old is expected to be $19,050, compared with $17,050 two years ago.
"The prices you see out there now is the new normal for the market," said Jonathan Banks, executive automotive analyst at the National Automobile Dealers Association. "We don't see prices having a huge falloff, which is good when it comes to depreciation, but for consumers, it means they will really have to shop around."
For years, the used-car market was a haven for thrifty shoppers looking to buy a car at an affordable price. Sticker prices often fluctuated thanks to auto makers who would routinely flood dealer lots with more cars than the market could handle. Big incentives to spark sales added another level of pricing pressure as consumers who rushed to nab a deal also would trade in their vehicles, further saturating the market."[Read more]

Friday, February 3, 2012

10 Steps to Buying a Used Car

"The following steps will tell you how to locate, price and negotiate to buy the used car you want. If you still don't know what car to buy, read 10 Steps to Finding the Right Car for You and then come back after you have decided.


STEP 1: STARTING OUT -- WHY BUY USED?

If you've decided to buy a used car, you've already made a smart decision. You can get a car that's almost as good as a brand-new one without paying for the depreciation that wallops new car buyers as soon as they drive the car off the lot. Even cars that are only a year old are 20-30 percent cheaper than brand-new cars.
But there are other good reasons to buy a used car:[Read more]"

Wednesday, February 1, 2012

Chrysler Hints at Look of Next Dodge Viper

 
"If you have to make a list of the new models that car fans can't wait to see, the Dodge Viper would be right at the top of the list.

Chrysler Group knows it, so it's starting to parcel out clues about how the next Viper will appear. The wavy image at top appeared magically this week on Chrysler's Facebook page. We know this much: the next Viper is going to be based on an Italian model, just as the new Dodge Dart has underpinnings from Italy's Fiat, which runs Chrysler. And even from the crude drawing released to whet appetites for the new Viper, it already has a bit of an Alfa Romeo look." [Read more]

Monday, January 23, 2012

2012 Dodge Charger with Uconnect® Touch Wins Edmunds.com Breakthrough Technology Award

 
"The new 2012 Dodge Charger with its exclusive state-of-the-art Uconnect® Touch vehicle information and entertainment system is the winner of Edmunds.com’s Breakthrough Technology Award for 2012. 

Each year, Edmunds.com recognizes a vehicle that sets the standard for intuitive, practical and affordable automotive technology. 

“We’re very proud Edmunds.com is recognizing the 2012 Dodge Charger with its Breakthrough Technology award,” said Reid Bigland, President and Chief Executive Officer, Dodge brand. “The Charger’s Uconnect Touch system with the 8.4-inch touch screen is really world class, intuitive and easy to use. When you combine it with Charger’s available eight-speed transmission that gets best-in-class fuel economy of up to 31 miles per gallon on the highway, the 2012 Dodge Charger really does offer the latest high-tech features, all at a tremendous value, wrapped up with iconic styling.”

“The Dodge Charger embodies some of the most modern technology available in a car today, and it’s available in a vehicle that’s within the budget of average consumers,” said Scott Oldham, editor-in-chief of Edmunds.com. “Much of the technology, for example, is standard on the 2012 Dodge Charger SXT, which has a base price of $28,495 MSRP. And since the Charger is a sensible sedan, the package is that much more attractive.”

Dodge Charger’s Uconnect Touch illustrates tangible results from the company’s extensive research and development. During the development of the all-new 2011 Dodge Charger and its all-new Uconnect Touch infotainment system, Chrysler Group engineers visited, observed and recorded feedback from more than 4,100 owners of the best vehicles from Europe, Asia and North America to see how they interacted with their in-vehicle audio and navigation systems, as well as find out what they really want and need from a multimedia and infotainment system. The result: four high-quality next-generation infotainment models that are easy to use and simplify how passengers interact with different radio, media, climate control and navigation technologies. 

The Uconnect Touch system offered on the Dodge Charger includes two 4.3-inch and two 8.4-inch in-dash touchscreen models with redundant manual controls for items including climate control, fan speed, radio tuning and radio volume. The Uconnect Touch 8.4 and 8.4N models feature the segment’s largest touchscreen display at 8.4-inches. The system also includes steering wheel mounted controls for features, including voice recognition for the award-winning Garmin navigation system and SiriusXM satellite radio. In addition, innovative SiriusXM Travel Link provides a host of data services, including fuel prices, weather forecasts, sport scores and schedules and movie listings. " [Continue reading...]