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November U.S. auto sales predicted to rise 12% from year ago

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U.S. auto sales are rebounding after Superstorm Sandy cut sales in late October and early November, and this month should show a 12 percent increase from a year before, consultancies J.D. Power & Associates and LMC Automotive said today. November auto sales have been rising each week, and there are signs that December will be … Continue reading →

Used-car demand up after Sandy

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Since Hurricane Sandy ravaged tens of thousands of vehicles on the East Coast, used-vehicle pricing and demand are headed in a familiar, post-disaster direction: higher and higher. Experts expect used-vehicle prices to increase $1,000 or more as dealers in areas affected by the storm stock up on used cars and trucks to sell to customers … Continue reading →

America has lots of oil? Now what do we do?

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Four years after the auto industry started trembling at the real prospect of a global fuel shortage, painful pump prices and consumers clamoring for vehicles that can deliver 50 mpg, this news arrives from the International Energy Agency in France: There’s way more oil under America than we realized. Oops. The energy agency, a leading … Continue reading →