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Ford Motor Co. is blaming its underestimation of U.S. demand for the 1.4 points its market share dropped in the U.S. in the first quarter of this year. The American automaker also says that it has learned its lesson and has already ordered an increase to its production.
Average credit scores for consumers buying a vehicle dropped to near pre-recession levels in the first quarter, Experian Automotive reported today, while lenders continued to offer favorable terms to attract car buyers. According to the firm’s quarterly automotive credit analysis, the average credit score for financing a new vehicle dropped six points to 760, while … Continue reading
The national auto loan delinquency rate reached its lowest level since TransUnion began tracking the data in 1999, the company reported this week. Auto loan delinquency rates in the first quarter dropped to 0.36 percent, down nearly 27 percent from a year ago. On a quarterly basis, auto loan delinquencies declined almost 22 percent from … Continue reading
Nissan North America Inc. (NNA) selected Carfax as the exclusive vehicle history provider for its Nissan and Infiniti certified pre-owned programs. As of May 1, Carfax vehicle history reports are a requirement for the Nissan and Infiniti certification process. “Nissan and Infiniti brands set all-time sales records in certified pre-owned sales this past fiscal year, … Continue reading
Some of the steam seems to be out of the new-car market this month. As of May 18, sales look to be up around 6 percent vs. the year-ago period and floor traffic continues to increase, but closing ratios slowed dramatically. Based on data from the first half of May, the industry is on track … Continue reading
This year’s near-record run-up in fuel prices has clearly had an impact on the choices American motorists are making when it’s time to buy a new vehicle – in fact, three in four U.S. drivers now say they’re ready to consider an alternative-fuel vehicle, according to a new study. While many motorists still aren’t ready … Continue reading
It doesn’t take a market research maven to determine that with gas prices still hovering around the $4.00 mark, fuel economy remains of paramount importance among new-car buyers. But what if your vehicular preferences run more toward the fast and the furious — can a true sports car be both entertaining to drive and fuel … Continue reading
Ford ranked highest in Dataium’s Automotive Shopper Intensity index, while Toyota’s Camry and Prius models rank highest among all new vehicles. The index, which predicts new-vehicle retail sales, also showed that sales in April increased nearly 10 percent from 2011. The index also showed that sales were up 10 percent from last year, while the … Continue reading
CarHelp has teamed up with AutoZone to provide its subscribing dealers with better service and a better way to operate their service departments. Through the partnership, CarHelp’s subscribing dealers will receive discounts every time they order parts from AutoZone. The discounts will include off invoice discounts on parts dealers order the most. Dealers will also … Continue reading
When selecting a dealership from which to buy, most consumers visit Edmunds.com to view the vehicle information sites dealer reviews, according to results of a study conducted by Digital Air Strike. The online and social media agency bills its “2012 Automotive Dealership Social Media and Online Reputation Study” as the first automotive-specific study to analyze … Continue reading
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