The trend of rising used car values is reversing. USA Today reported that overall used-car prices fell 4.5% on average in April.
This just in: early reports inform us that water is, in fact, still wet. Also, the clever minds at CNW Market Research have discovered that an individual's personal tastes in a vehicle varies greatly depending on gender and age. Shocking, we know. According to the data, women typically base their purchases on rear visibility, cost, front visibility, remote side mirrors and side air bags, in that order. Well, the last three are tied, but pretty much in that order.
The lagging sales of new vehicles has been well documented, forcing retailers and manufacturers to offer some pretty amazing deals just to move their metal. Sometimes, the price of a brand new car is so good that it doesn't make sense to purchase a used vehicle.
The sun will set on an alarming number of new car dealerships this year, according to The National Automobile Dealers Association, better known as NADA. This has been an ongoing trend, but it's set to accelerate as slowing new car sales and the tough credit market makes it very difficult for dealerships to stay open. After losing about 430 dealerships last year, the total stood at around 20,700 left, of which 700 are expected to close up shop before the end of the year.
Could the American love affair tied in to the purchase of a new car be losing some of its luster? Perhaps, it seems, as ever-increasing gas prices impact U.S. driver's pocketbooks, J.D. Power and Associates is reporting a decline in new car owner satisfaction for the first time in five years. Despite the fact that consumers have been reporting mileage numbers in line with the EPA's newly-revised ratings, the cost of filling up the tank is doing nothing but increasing. Interestingly, though, it i
How much per month are you willing to pay for your car? Rising gas prices and the worsening economy have many people reconsidering their automobile purchases. Think of it this way: if you had $400 budgeted per month for your car payment and gasoline, the more you spend to fill up, the less you have to pay for your car. These types of issues have been causing some car buyers who would normally purchase a new car to shop the used market instead. According to a recent survey by Wachovia, dealership
One common complaint about General Motors in the past has been the amount of time it took the company to develop vehicles and get them to market. A recent study, however, shows that GM is certainly turning that around. The company is expected to tie Toyota Motor Corp. in "showroom age," which represents how new its showroom lineup is. The showroom age of each will be around 2.8 years by 2010. Chrysler is currently faring even better with 2.4 years to market.