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 many of us might already know the industry of gas and oil was always on the top, a “hot topic” drivers used to always talk about. Gas prices are on the bottom now and we can afford maintaining our gasoline cars, but these kind of situations always have some cover-ups we forget about. If we go back a bit in 2005, we would remember about the marginal well tax credit that was created by government, in order to protect small oil producers when times get tough for them, and looks like those times are already here! This tax credit is worth 25%, 50% or even 100% of the ...
Car and truck sales spring growth was a bit slower then expected this April. Since 2010 it was the luxury segment, which has led the sales growth. This year the indexes are quite ambiguous in this market section. Of the top-five luxury premium brands, only Audi is up so far for the first four months of 2016. Third-place BMW is down by 9.4 percent, and that doesn’t include the premium Mini brand’s 14.3 percent decline.At the same time American Honda and Nissan group registered the most significant sales growth in this period, which were of 14.4 percent and ...
Auto-auction business has been through a productive period last year. After four years of declines, came four years of increase. More than 9.3 million vehicles were sold in 2015 by National Auto Auction. The prices paid for the sold vehicles reach $90.6 billion in 2015, which is more than the previous record set in 2007 - %90.5 billion. National Auto Auction was offering 16,6 million vehicles to the auction members 55,9% of them got already sold. Even though the average price per vehicle increased from $9368 in 2014 to $9748 in 2015, the buyers didn't lose their interest in...
Japanese airbag manufacturer Takata Corp. is expected to additionally recall around 40 million additional inflators in U.S. vehicles. The expanded recall will be phased in over several years and more than double what is already the largest and most complex auto safety recall in U.S. history. After the National Highway Traffic Safety Administration reviewed findings from three outside investigations concerning the defective airbag inflators, Takata had to work on a plan for the expanded callback. The inflators contain propellant that can deploy with too much f...
March, April and May are the months with the highest selling-volume, this year it seems like dealerships have a good benefit from an early Easter.“It’s reassuring when retail sales grow faster than the overall industry pace as it indicates consumers remain very active and engaged in the new-vehicle market.” says Eric Lyman, TrueCar’s vice president of industry insights, in a statement. TrueCar is expecting increases of 4% for retail sales and 1% for fleet ones. LMC projects retail to rise above 3,9% and 4,7% for fleet sales. April has five weekends this year,...
