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...
As consumers keep snubbing sedans despite record consumer discounts, the U.S. auto sales will probably decline slightly for December. Specialists forecast manufacturers' discounts offered to close sales would hit a record high of more than $4,000 per vehicle in December. The consultancies estimated sales at 17.5 million vehicles on a seasonally adjusted annualized basis this month, flat with a year ago. Detroit automakers are moving to cut production of certain vehicles, particularly small and mid-sized sedans, as they concede that the market is hitting a plateau where the...
As 2016 is almost over, the U.S. auto market is on the verge of setting a new sales record, beating last year's mark of 17.5 million new cars and trucks. Auto sales have been booming for several years, powered by a combination of cheap gas, easy credit, and pent-up demand. And with the unemployment rate now below 5%, there are plenty of Americans who now need a reliable, technologically up-to-date vehicle to get to and from work. Although some analysts think the market has plateaued and that there's no more growth to be had, the fundamentals point to continued strong sales b...
The U.S. automotive business appears to be easing off the accelerator a bit heading into 2017. The bottom line of sales (rates) are still pretty high, but they are plateauing and it is taking more effort in terms of promotion and incentives to keep sales higher. And the specialists expect that will be more of the same next year. With sales leveling off, inventories are rising. When inventories rise, automakers put more incentives on. Incentives are the highest they have been in a long time. There are certain cars that are absolute bargains, especially compact, subcompact and midsize...
Northern Ohio auto dealers in November broke a recent cold streak, as vehicle sales rose nearly 6% from the like month a year ago. Powered by strong sales of trucks and SUVs, new vehicle dealers sold 18,692 last month, up 5.8% from 17,661 in November 2015. November sales rebounded with a showing of strong truck sales coupled with cars virtually flat with 2015. Continuing a trend seen for the last 11 months, truck and SUV sales drove the market, with dealers selling 7,468 units last month compared to 6,359 units in November 2015, an increase of 17.3%. New car sales were flat with la...
Since many new car dealerships feel a strong competition in online e-commerce, used car dealers now fear of car vending machine. And no, it's not something impossible, it's totally real. And no, you can't shake it to get a free one. An online used car retailer opened its newest "vending machine" last week in Houston, where the gleaming, glass-encased structure sits right off a busy freeway. The eight-storey automated garage- three levels higher than the first version which debuted in Nashville a year ago - holds 30 cars. It dispenses used vehicles in four deliv...
