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...
The used car market continues to show remarkable resilience with values of two-year-old ex-PCP cars in May 2018 retaining 61% of their value new, a figure unchanged from May last year. Used car search company Cazana said the May performance was one point lower than April, which was reasonable considering the increased numbers of these PCPs car returning to the used car market. Cazana added that diesel values were holding up well despite negative coverage and falling new diesel car sales. Diesel registrations fell for the 14th consecutive month, down 23.6% in May. In comparison to Ma...
Two Detroit automakers on Friday reported an increase in U.S. auto sales for May as demand for sport-utility vehicles and pickup trucks continues to buoy sales despite rising gas prices. May is often the biggest sales month of the year for auto sales, with Memorial Day sales driving car shoppers to dealerships to kick off the summer selling season. SUVs and pickup trucks accounted for about 67% of sales in May, according to J.D. Power, the highest level ever for May. The richer mix of SUVs and pickup trucks, which carry higher prices than passenger cars, drove the average transactio...
Auto sales slowed in April because of the continuing decline in demand for compact cars and sedans are setting a dark tone as car makers head into the summer selling season. Car sales decreased more than 5% this month compared with the same period last year, analysts think this is partially because there were two fewer selling days this month. Oil prices going up and credit conditions getting tougher create concerns for car maker’s executives. Pickup trucks and sport-utility vehicles continue to perform well amid relatively low fuel prices. But gasoline is continuing...
Anyone planning to buy a new car for the first time in a while might need to prepare themselves for a bit of a shock. The combination of higher auto prices, longer loans, and bigger interest rates means that a buyer could pay about $6,500 more for a car that they would have five years ago. The average price paid for a new car reached the $34,623 mark in March. Five years ago, that number was 31,078. The loans bring their share to the price, too. Growing interest rates makes borrowing more expensive. Now interest rates on new-car loans stand at 5.7 percent compared with 4.4 percent i...
In the first quarter of 2018 new car sales grew by 12.6 percent over the last year as high consumer confidence and low unemployment favored Houston dealerships. Local car dealers sold 22.278 new cars in March, which is more by 6.4 percent over the last year. However, the average price for a new vehicle fell for the second month in a row to $37,217, which is less by $554 or 1.5 percent. Prices fell in all car categories, cars, trucks, and SUVs. Average prices fell because the market share for trucks and SUVs has fallen. Since SUVs and trucks cost more than sedans, a loss in market sh...
