Spring is here, and it's the perfect time to discover fresh feelings of adventure.If you are willing to explore your need for speed, then RepoKar is the right place for you! RepoKar is a fun, high-octane online Public Auto Auction where you'r...
Hyundai and its affiliate Kia sold an impressive number of 146,400 cars in the Chinese market last month, accounting for a combined 9.2 percent of the market. The CEO of Hyundai Motor America, Dave Zuchowski, has plenty of changes and challenges to deal with in order to reach a similar success on the U.S. market.In April the two automakers sold in China a total of 1.6 million cars. They took up over 9 percent of the Chinese market for the first time this year. Their combined market share continued to grow from 6.1 percent in January to 7.7 percent in February...
There might be a problem this month with new auto sales but not when it comes to California. The registrations for new cars sold first months this year, exceeded 500.000, which is a 3.8% improvement comparing to last year. It's a 22nd consecutive year-over-year increase in quarterly registrations, which of course is great news not just for carmakers and dealers, but for costumers too. We are pretty sure the state will top 2 million new vehicle registrations for the second straight year. Brian Maas, the president of the California New Car Dealers Assn. said Ca...
A study published today revealed that more than four out of five people would prefer not to ride in fully autonomous vehicles. Almost 50% of the respondents would like to drive in a simple vehicle with no self-driving capabilities, maybe just with partially self-driving or completely self-driving technology, it is what the results of the study from University of Michigan show. Only 6% of the participants at this study would like to drive such a car, while 39% of them prefer partially self-driving cars. If we'd have to make some comparisons between the young drivers and the...
The days of auto sales increasing are reaching their end this month, at least that's what J.D. Power and LMC Automotive think.This May wasn't this friendly to new car sales, that is why they will fall down to 5.7% from the same month last year. The reason of such a decrease is partly because this year has two fewer selling days. That's how the seasonally adjusted annualized rate will slip to 17.4 million vehicles from 17.71 million in May a year earlier. This April, had the same adjusted annualized results as this May may have. Because of these runnin...
New cars sold in U.S. in May and June will retain about 47,8% of their sticker prices, which is down from the current 52% value for three-year-old vehicles. Customers will have a strong credit availability, five years of high residual value retention rates are predicted thanks to increased demand for new vehicles, and of course the low prices for gas. It's been revealed that for six straight years, U.S. light-vehicles sales have been growing, the record of 17,5 million vehicles sold a year ago is included too. Another 3,3% of sales grew were registered for first four month...
