It’s not been a great year for used car buyers. Prices have been soaring because of inventory shortages – in large part because with fewer new cars sold during the recession there are now fewer new cars entering the “previously owned” vehicle market. The good news is that inventories are once again rising – which … Continue reading
Shortly after receiving once again its investment-grade bond rating from Moody’s Investors Service last month, Ford has announced that it has sold $1.5 billion worth of benchmark bonds. The American automaker says this is its first sale following the bond upgrade. With this upgrade, a five-year Ford bond is worth 230 basis points more than … Continue reading
The quality of the cars rolling out of U.S. dealer showrooms has reached the highest level ever, according to a new study by J.D. Power and Associates. “This is, without doubt, the best level of quality we’ve ever seen,” said Dave Sargent, vice president of global automotive at J.D. Power. But while traditional problems like … Continue reading
Automobile sales have led the charge in the slow post-recession economic recovery. Much of the strength in this segment has come from a group of buyers who found themselves out in the cold when the economy was at its worst: those with subprime credit. During the direst days of the recession, those with poor credit … Continue reading
J.D. Power and Associates discovered the level of new-vehicle contracts lasting 72 months or longer softened a bit last month, but the penetration still landed higher than May of last year. According to J.D. Power’s May Industry Health Review, the penetration of 72-month financing terms came in at 27.9 percent, which was 4.2 percent lower … Continue reading
San Diego-based LEAP Financial has announced that its lack of capital is forcing it to stop originating leases. The company that makes its living by offering subprime vehicle loans to help drivers either hold on to their present vehicle, or purchase or lease a new one.
After a staggering few years, things have turned a corner for carmakers hoping to make a profit in the U.S. Now easier credit is likely to send sales skyrocketing. The writhing agony of American automakers has given way to something rather more pleasant: ecstasy. After a dismal few years, U.S. car companies are thriving again, … Continue reading
Despite the annual sales rate dipping from 14.42 million in April to 13.78 million, May retail sales were 25.7 percent higher than May 2011, according to Autodata Corp. Leading the way were General Motors, Ford and Toyota, with each carmaker eclipsing the 200,000-unit mark last month.
Need a car that’s family-friendly? There’s a surprisingly broad range of offerings available and that doesn’t mean you’ll be stuck picking from a pile of minivans. In fact, there were only two of those classic family-movers among the list of the 15 most family-friendly cars compiled by Parents magazine and online research firm Edmunds.com. The … Continue reading
The new Honda Fit EV has landed a 118 MPGe federal fuel economy rating, the highest ever granted by the Environmental Protection Agency. Scheduled to go into limited distribution over the summer the 2013 Fit EV is Honda’s first battery-electric vehicle in two decades and enters a fast-emerging market segment that will soon include offerings … Continue reading