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...
Leasing has surged as a share of new-vehicle transactions to impressive indexes in the fourth quarter of 2015, this being caused mainly by captive finance companies seeking to boost sales by keeping customers' monthly payments low. Leasing has been fairly rare in the used-vehicle market, but its share is growing. In such a way more and more lenders are offering leases on used and certified preowned vehicles.This strategy is meant to cope with an industrywide flood of 3.1 million off-lease vehicles returning to the market this year. The number of off-lease vehi...
The 47-year-old Dietmar Exler will take over as President and CEO of Mercedes-Benz USA and NAFTA effective January 1, 2016. He will take the place of Stephen Cannon, who is leaving the company but will stay on as a consultant until the end of January to help with the transition. Cannon will remain as a consultant to MBUSA until Jan. 31, 2016.Exler began at McKinsey & Co. in 1997 as part of the financial interest group in its Germany office and later in its Detroit-based Midwest office. Five years later, Exler joined DaimlerChrysler Financial as senior manager of program development and was...
Audi has announced it is still committed to hit the 2-million annual sales objective by the year 2020.This is a rather bold target, despite the ongoing Volkswagen diesel emissions scandal which has affected over 2 million Audi models. The premium automaker managed to sell 1.74 million vehicles worldwide last year and in the first 10 months of 2015, shifted to a total of 1.5 million cars.Audi has a few new models that will likely sell in crazy numbers. The first will be the Q2 entry-level crossover set to go on sale in the second half of next year, following a world premiere in Geneva...
According to the leaders of the concern, fans of top cars, especially SUVs, give preference to Lamborghini Urus, than to the concept Bentley Bentayga and Maserati Levante, over-aggressive design and powerful propulsion system that will receive the SUV.Representatives of the Italian automaker Lamborghini informed public that their new Urus SUV will hit the market in 2018 after the official premiere.Meanwhile, it is reported that the appearance of the new "SUV" will not only be extremely aggressive, but also very high-spirited. Engine of the Lamborghini Urus will receive over 300 horse...
In June, the National Automobile Dealers Association (NADA) rates making cars more expensive to finance, a drop in used car prices and to keep cars longer. A projection by Bank of America Merrill Lynch indicated that auto sales could rise to 20 million new cars by 2018. The less-good news for the automakers is that the analysts expect “a very significant downturn after that.”Americans are buying more cars now, the number of miles driven today is down about 6.7% compared with June 2005. On the basis of just total miles driven, in August U.S. drivers posted a new record of nearl...
