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...
U.S. new vehicle sales are going to decline in 2018, but economists say used vehicle volume will grow 2 to 5% next year. The added used volume should help franchised dealers offset lower new vehicle sales, but independent dealers face greater competition for inventory, a panel of economists told the combined Used Car Week conference and National Auto Auction Association convention here. The used vehicle industry can expect a strong general economic climate but will face continued challenges of shrinking margins, lower vehicle prices, disruptive technologies and political and regulat...
Over the next 2 decades expect the vehicle sales to decline. In Europe, U.S., and India based on the latest study overall annual private car sales will go down over the next 23 years to 54 million in 2040. About 67 million vehicles a year are sold currently in those regions. Another finding from the study was that more than 80 percent of the vehicles sold worldwide in 2040 will still use some form of petroleum-fueled combustion engine.Plug-in hybrids will account for another 14 percent of sales in 2040, IHS Markit forecast. Cars powered only by gasoline or diesel cars will make up about 62 per...
You might not know that, but in Japan the relationship between the car dealer and the buyer is a much better one than here, in the U.S.. The last time Shujiro Urata wanted to buy a new car in Japan, his phone happened to ring. It was the local Toyota dealer on the phone, asking him if he was thinking about buying a new car. When he replied in the affirmative, the dealer and a coworker showed up at Urata’s doorstep an hour later with two demo cars, which Urata and his wife test-drove around the neighborhood. The Uratas decided to buy a car from the dealer. The dealer also handles their ca...
Heading into the final 2 months of the year, we’ve got some records on the line for the U.S. automotive industry. Japanese automakers are battling for the titles of America’s best selling cars and crossovers, and the overall industry could record a third straight 17 million-unit year for the first time ever. The overall industry this year has shown some restraint on incentives, but spending has steadily increased amid leveling average transaction prices. Expect incentive spending for the year to be up 11 percent through October to an average of $3,624 per vehicle, includi...
Bentley Motors plans a major shake-up of its executive ranks just a few months before launching the new Continental GT. Wolfgang Durheimer will step down as CEO of Bentley effective February 1, 2018; he will be succeeded by Adrian Hallmark, former global strategy director at Jaguar Land Rover.. Bentley's board members for engineering, sales and marketing, and human resources will also step down, effective January 1, 2018. Durheimer, 59, will stay on at the VW Group to assist with the automaker's motorsports efforts. It's a fitting culmination to a career that oversaw the...
