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...
How far has the U.S. market tilted toward pickups, SUVs and crossovers? Automakers are on pace to sell more than 10 million light trucks in a single calendar year for the first time. Meanwhile, car sales are on pace to fall below 7 million this year for the first time since 2011 and only the fourth time since 1962. So while it's increasingly unlikely that 2016 will beat last year's record for total light-vehicle volume, sales of the big vehicles that generate the bulk of many automakers' profits are at an all-time high. From that perspective, with gasoline prices expect...
The US car sales are down and of course, Amarillo is not an exception. It's been revealed that local dealers sell 21% less new cars, comparing to the same month last year. New auto sales have dropped 0.2% across the nation. It includes the first three-month consecutive decline the car market has seen since the recession. Cars tend to sell better in spring and summer than fall for myriad reasons, Amarillo National Bank senior vice president John T. McElyea said. Parents will buy new vehicles in anticipation of summer vacation road trips. When their kids return to school in the fa...
BMW is recalling 136,188 vehicles in the United States and another 18,284 in Canada due to improperly crimped wiring for the fuel pump in the gas tank. The affected models are: 2010-2011 5-Series Gran Turismo2011-2012 528I2011-2012 535I2011-2012 550I2012 640I2012 650I2007-2011 X52008-2011 X62010-2011 X6 ACTIVEHYBRID The in-tank fuel pumps on these vehicles have insufficiently crimped wire contacts. This causes an increase in contact resistance and extra heat. Over time, the plastic around the contact pins can melt, and this can allow fuel to leak. If the pump isn’t workin...
Toyota Motor Corp.’s Lexus and Toyota brands held their lead atop Consumer Reports’ annual reliability rankings, while General Motors Co.’s 117-year-old Buick line became the first from the U.S. to win one of the list’s top three places. The survey, a buying bible to car shoppers that has been dominated by Japanese automakers, has more international representation this year. As other automakers catch up to Japan’s manufacturers, both Subaru and Honda tumbled from the top group of “more reliable” brands, with Honda’s Civic compact car losing its l...
The low margins of Fiat Chrysler Automobiles and it high leverage position might have taken a toll on its stock in 2Q16. The company is now trading at massive YTD losses. FCAU reported adjusted EPS (earnings per share) of 0.45 euros in 2Q16, or $0.51, which is about 55% higher than its adjusted EPS in 2Q15. This figure was also higher than the analysts’ estimate of 0.39 euros, or $0.43. However, on the day of its 2Q16 earnings release, the company’s stock fell 4.3%. Stagnation in the company’s 2Q16 revenues and shipments, along with concerns over the growth potenti...
