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...
The recent decision of the United Kingdom to abandon the European Union, makes analysts forecast that automakers' profits will drop by billions of dollars and new-vehicle sales will be cut by nearly a million units over the next three years.After the results of the historic vote were announced the shares of suppliers and dealership groups with significant exposure to the U.K., as well as Fiat Chrysler Automobiles became particularly vulnerable. The U.K. auto market has surged in recent years to hit a record high of 2.6 million cars in 2015. Ninety percent of those vehic...
After UK announced its decision of leaving European Union a huge scandal in auto industry has started. First of all you should know that the auto industry was affected a lot, stock prices across the world have taken a huge hit following Brexit. Have you wondered how do investors feel like now? Their confidence has dropped across many sectors, of course auto industry is one of them. Considering the country is one of the largest manufacturing hubs in Europe, it now has to make a decision upon the way it will move on from this exit. The most important question here is will Europe and U...
Looks like car manufacturers have finally understood the importance of the quality and that is why they started to provide better cars. A survey revealed that the new vehicles sold in U.S. this year have a higher quality than previously. Don't get perplexed because there are much more surprises for you this time. As we are used to traditionally European and Japanese luxury cars have dominated the IQS, but not and this time. Yeah, a lot of improvements have come at a near-record pace. The study that was based on the answers of 80.000 Americans who bought cars this year shows that...
Volkswagen Group Skoda has some tough times these days because of its parent, that is why the company isn't sure yet about selling vehicles in U.S. The Czech value brand is examining the potential of markets where the brand is not yet present. One of the chosen places might be North America, but the decision wasn't made yet. Skoda vehicles might be underpinned by Volkswagen Group technology but it won a lot of praises for its high quality and functionality. The vehicles are sold very well in countries like: China and Germany but now with the low economy in Russia ...
It's time to forget about those high cost of meeting new fuel economy standards and massive investments needed for autonomous vehicles, the biggest problem in the profitability of the automakers might be the buyers and their impatience.Less than 5% of new vehicles in U.S. in 2015 were built to customer order, which is so much lower than in Europe were about 50% of the vehicles were produced on customer orders. Did you know that for U.S. dealers it means thousands of dollars in extra floorplan expenses while for automakers it's a huge advertising and incentive costs for each unsold vehi...
