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...
Revenues at car repairs and auto-parts stores are rising despite the slump in the U.S. auto sales this year. But why is there such a bid difference between these 3, when they are basically bounded to each other? Well, old vehicles are grinding out more miles, and need replacement parts and repairs almost each month. The vehicle fleet is still getting older every single year, in spite of our record sales, So you’ve got a significantly larger population of vehicles that require service and are coming in for service pretty regularly. Car dealers didn’t use to handle so...
U.S. made a proposal to South Korea to revise the five-year-old trade deal, but the country rejected it. The U.S. asked for resolution of its trade imbalance, full implementation of the existing FTA, and modification and amendment of the current deal. The officials spoke amid joint meetings in the South Korean capital after Lighthizer last month gave notice that the U.S. wants to amend the deal. No date was set for a future meeting on the issue, discussions will continue in coming weeks. The agreement could be terminated if either nation said it wanted to do so. That process would t...
Since the car sales have been rising in U.S. for 7 years, of course that the value of used cars we’ve got parked in our garages would dent. There are hundreds and thousands of new cars rolling out of dealerships lots and this means they instantly become used cars. The secondary market is glutted and the pace of depreciation is rapidly accelerating. Your not-that-old car might not be a clunker quite yet, but it's probably a lot closer than you think. The average used car lost 17 percent of its value in the past 12 months, dropping from $18,400 to $15,300. That annual deprec...
Toyota has opened its new headquarters in North America, and the grand opening ceremony featured aerial dancers twirling atop polarized glass high above the 100-acre campus in a carefully choreographed mix of precision and risk. It was a fitting tribute to Toyota's $1 billion bet to uproot thousands of workers from techie California to a Texas city whose name means "a flat place" for its barren terrain. The logic of nestling the regional home of one of the world's dominant automakers amid Plano's headquarters row of financial institutions and insurance companie...
Toyota dealers have been crying for more Tacomas and now they'll finally get some relief. The Japanese automaker has struggled to crank out enough of the segment-leading midsize pickup at its Texas and Mexico factories, even with years of overtime. Now, thanks to the partnership announced last week with Mazda, Toyota North America CEO Jim Lentz is prepared to turn on the spigot to fend off midsize pickup challengers. Toyota will build a $1.6 billion U.S. auto plant at a site to be chosen in a 50-50 partnership with Mazda that nets each of them 150,000 vehicles a year in addition...
