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...
Detroit dreams of a day when American cars on Japanese roads would be more visible. Considering Japanese cars take a wide portion of US car market, why is it so hard for American car brands to do the same on Japanese market? American auto executives and trade negotiators and has become a renewed source of political friction under President Trump. Trump accuses Japan of shutting American producers out, by throwing up regulatory barriers and rigging the currency market in favor of Japanese brands. Such talk is alarming in Japan, where the auto industry is a pillar of the economy. When...
Detroit automakers are pushing new investment in U.S. production of trucks, crossovers and SUVs to tap into the higher profit margins these vehicles yield. They make an awful lot of money. Automakers spend about the same amount to make a vehicle, whether it’s a crossover or truck or sedan. Yet a full-size pickup truck has an average transaction price of almost $40,000. A large SUV has a transaction price of $58,000 and even a mid-size crossover moves off the dealership at nearly $35,000. But the average transaction price of a compact sedan is less than $19,000 and a mid-size ...
The US car buyers are showing signs of fatigue, raising concerns over the broader outlook for consumer spending—a key engine of U.S. Growth. Sales of light vehicles in the U.S. have increased for six straight years, touching a record 17.5 million units in 2015, and are potentially on track for another record this year. But sales now appear to have plateaued, leading to a buildup of inventory and a return to discounting—something auto makers swore off when emerging from the recession. Dealership sales, measured in dollars, fell a seasonally adjusted 0.5% in November from ...
Over the next 10 years expect the car dealerships to have a evolution, but don't let yourself get tricked it's not gonna be a revolution. The changes are coming to auto dealerships, that's something inevitable, but it's not gonna be a disruptive overthrow of the business model. The goal of the research was to look at the state of auto retailing in 2025. NADA commissioned the study in March as a way to stimulate long-term thinking and planning among dealers, the report's gonna be presented at the end of the week. The dealership model will remain dominant, with dir...
Tesla Motors has approached the Utah Supreme Court to get approval to sell its electric vehicles directly to the public without a third-party dealership, the Salt Lake Tribune says. For the past year, legislators within the state have voted against allowing the California-based automaker to pursue its distribution model. The Utah Supreme Court is expected to take a few weeks to rule on the issue. By approaching the court, Tesla's making good on the intentions made by Tesla chief Elon Musk this summer. Earlier this year, Tesla and Utah were working towards a potential compromise ...
