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...
It seems like after all these years or car sales growth, tough days are coming for automakers. The previous success starts working against them, it means car costumers have bought so many new cars in the last years that they have a very low interest in them right now. A glut of used vehicles has started to depress prices. That trend will intensify as Americans will return 3.36 million leased cars and trucks this year, another jump after a 33 percent surge in 2016. The fallout has already begun, with Ford Motor Co. shaving $300 million from its financial-services arm’s profit f...
If you like to shop on cars then this year is the perfect one for you. Low interest rates and lots of high-tech choices in the market this year might open the doors to huge car discounts. It's a good time to buy a car now, and it should be for the rest of the year. New-vehicle sales hit a record of 17.55 million in the U.S. last year. While they're not expected to top that this year, demand is still strong. Many of the factors that fueled sales last year are still in place, like solid consumer confidence and low gas prices. New technology like Apple CarPlay and automati...
First of all we'd like to state the obvious: Gasoline prices were low. Although OPEC’s September announcement to restrict oil production hiked pump prices during the final quarter, the nationwide average price for regular has yet to top $2.40 per gallon. Back in February 2016, retail prices fell as low as $1.72. Low interest rates continued to keep financing and leasing attractive. Through the third quarter of 2016, 86 percent of all new-car buyers financed in some capacity, at average rates of 2.6 percent and 3.6 percent for the two top credit tiers, and the national aver...
Used-vehicle sales are set to rise again in 2017 after jumping 4 percent last year, the fastest pace since the Great Recession. Despite the projected sales increase, demand is unlikely to keep up with rising wholesale vehicle supplies as more off-lease vehicles return to the market. The growth is going to occur, but it is not going to occur as fast as the increase in wholesale supply. As a result, there will be downward pressure on used-vehicle prices. Despite a glut of off-lease vehicles beginning to enter the used market over the past year, pricing has remained relatively stable s...
Do you remember the tweet Donald Trump has shared with us about how he disagrees with General Motors building a new plant in Mexico? The new elected-president criticised the company, and threatened it with big border taxes. The CEO of GM finally reacted to the statement, by saying that manufacturing decisions and plant investments are made far in advance of production and can’t be easily reversed. This is a long-lead business with highly capital-intensive investments—decisions that were made two, three and four years ago. General Motors has no plans to move sma...
