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What Car Brands Will End 2014 With The Best Sales Figures?
Wednesday, September 3, 2014 - 1:52pm | 525There are more signs 2014 may be turning into a vintage year for car sales and perhaps one of the best years in a while. J.D. Power forecast new vehicle sales in August to come in close to $39 billion. That record consumer spending, according to senior vice president John Humphrey has been...
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Analysts Put The Brakes On Talk of A Subprime Auto Lending Bubble
Friday, August 29, 2014 - 3:42pm | 605Is there a risk of a subprime auto lending “bubble”? The New York Times raised that question in July, in a lengthy investigative article on its DealBook page. According to the article, the number of used-car auto loans -– mostly to people with bad or no credit -– has...
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Markets Reverse Early Morning Losses; Still Lower On The Day
Thursday, August 28, 2014 - 4:40pm | 2611U.S. stocks declined as geopolitical concerns outweighed an improved economic read on second-quarter growth. Ukraine's President stated that Russian troops had crossed in to Ukraine territory and were fighting alongside Russian supported separatists. Markets initially traded lower on the...
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4 Auto Companies Benefiting From Mexico's Free Trade Agreements
Thursday, August 21, 2014 - 10:27am | 747There's a good chance your next new vehicle will be manufactured in Mexico. As a new article in Forbes notes, the Mexican government in recent years has secured free trade deals with 44 countries --- compared with only 20 such agreements between the U.S and other nations. That means about...
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5 Best Auto Deals In August
Saturday, August 16, 2014 - 3:01pm | 695The summer driving season may be winding down, but summer season car sales continue to remain hot, with 2014 projected to remain strong overall. Kelley Blue Book said that sales for the first half of 2014 reached 8.15 million, up 4.2 percent from last year. New car sales are expected to...
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Consumer Reports Takes Tesla To Task Over Driving 'Quirks' With The Model S
Tuesday, August 12, 2014 - 4:34pm | 653A new article by Consumer Reports, outlining glitches the magazine discovered in its long-term experience with the Tesla (NASDAQ: TSLA) Model S sedan, is raising some eyebrows among auto industry analysts –- especially since the vehicle won Consumer Reports' coveted automotive Top Pick...
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Ignored Rental Car Warnings To GM Result Of Poor Managerial Communication
Monday, August 4, 2014 - 4:02pm | 482Should General Motors (NYSE: GM) have paid closer attention to information from rental car companies? Information about accidents, some deadly, involving some of their models; accidents that, it turned out, were linked to a long-standing ignition switch defect? According to an extensive...
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Ford's Defection From BlackBerry: More Than Just A Change In Smartphones
Thursday, July 31, 2014 - 11:02am | 613Another blow for BlackBerry (NASDAQ: BBRY), another win for Apple (NASDAQ: AAPL) -- Ford (NYSE: F) announced it will replace 3,300 of its employees' BlackBerry devices with iPhones by the end of the year, with another 6,000 smartphones to be switched over within the next two years....
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Overseas Automakers Scored Well With Consumers During World Cup
Tuesday, July 29, 2014 - 3:21pm | 454Germany wasn't the only winner to come out of the 2014 World Cup. A wide spectrum of broadcasters and companies scored well when it came to raising their profiles with consumers. According to Kelley Blue Book, automakers that advertised during the international soccer tournament saw...
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Auto Leasing Rates Back At Pre-Recession Levels
Wednesday, July 23, 2014 - 10:47am | 438Auto leasing, once considered the realm of status-conscious drivers and people who need a new ride every three or so years, is making a comeback among U.S. consumers. Bloomberg News, quoting data from Edmunds.com, says leases have so far accounted for nearly 28 percent of this year's new...
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Are Fiat And Volkswagen Actually Talking Merger?
Monday, July 21, 2014 - 3:01pm | 602There is much speculation in the auto sector this week, just days after a German magazine reported talks were underway for a possible merger between Fiat (OTC: FIATY) and Volkswagen (OTC: VLKAY) -– a move that, if consummated, would create the world's largest automotive company...
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6 Best Used Cars For Your Teenager
Friday, July 18, 2014 - 2:05pm | 466When parents are buying a vehicle for their children, there seems to be three key categories taken into account: price, safety and durability. Fortunately, the Insurance Institute for Highway Safety (IIHS) issues a list of its top safety picks each year. Not every family, however, can afford to...
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Why Tesla's $35,000 Model 3 Won't Be A Hit
Thursday, July 17, 2014 - 10:37am | 582Last night, Tesla (NASDAQ: TSLA) confirmed via Twitter (NYSE: TWTR) a story published in Auto Express saying that its Gen III model will be available in 2017 and only cost around $35,000. That means that Tesla's newest vehicle, the Model 3, will sell for about half as much as the Model S...
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What Will Help Fiat's Sluggish Momentum In The United States?
Monday, July 14, 2014 - 3:01pm | 451It appears to be a tale of two brands. While Chrysler sales have been doing very well lately, sales of its stable-mate Fiat (OTC: FIATY) have been struggling. Fiat completed its acquisition of Chrysler back in January – and earlier this month, Chrysler Group LLC reported its 51st...
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CEO Mary Barra Outlines GM's 'Enormously Painful' Ignition Switch Recall Report
Thursday, June 5, 2014 - 2:46pm | 605General Motors (NYSE: GM) CEO Mary Barra called a new report on the company's deadly ignition switch controversy a painful experience that the automaker should never forget. The report was carried out by an independent investigator. At a global town hall meeting Thursday, Barra...