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...
Volkswagen has agreed last year to offer to buy back up to 475,000 2.0 liter diesel vehicles that had been sold in the U.S. and now its plan for 84,000 older Volkswagen diesel vehicles has been approved by the U.S. Envirnomantal Protection Agency and California Air Resources Board. Friday's announcement covers a fix for 84,390 2012-2014 Passat diesel vehicles with automatic transmissions. A fix for vehicles with manual transmissions has not yet been approved. In January, regulators approved a fix for 67,000 2015 model diesels, leaving around 325,000 older vehicles still awaiting...
According to the National Safety Council, there are more than 27,000 car accidents each and every day in the United States. Nobody is seriously injured in the majority of these crashes, but the vehicles definitely sustain damage, and not all of that damage is reported to insurance agencies or repaired. In most cases accident damage is "typically reported by an insurance agency or body shop," while other times "visible paintwork or damage was highlighted by an inspector, but un-flagged by a vehicle history report." Here is the list of the vehicles most likely to be involved ...
When news leaked out Tuesday that Ford Motor would cut 10 percent of its salaried workers, it underscored how the auto industry's strong sales are slipping after years of consecutive growth since the Great Recession. In April, the industry reported a 4.7 percent sales drop. General Motors, Fiat Chrysler and Ford showed declines of 7 percent or more in sales. Japanese car companies also were off in the North American market, although not as much. As vehicle demand has ebbed, automakers find themselves dealing with bloated inventories. At the end of April, GM had enough vehicles ...
The U.S. auto boom that fueled record sales and profits is winding down. General Motors CEO Mary Barra claims that the auto industry is changing more today than it has in the past 50 years. It's true that the U.S. auto sector had a close call during the 2008 financial crisis, when both GM and Chrysler needed federal bailouts to survive bankruptcy. But that was a pretty straightforward crisis, caused by excess labor costs and a plunge in auto sales due to a wrecked economy. The challenge today is posed by electric and self-driving cars, and it is far more fundamental. Automakers ...
After 7 years of car sales growth new auto sales have declined 4.7 percent, following a 1.6 percent decline in March. Car manufacturers spent average of $3,814 per car sold in the first part of April but despite that the drop occurred. For total industry sales to reach a peak and start declining isn't a surprise to anyone, and it could be great for car buyers moving forward. Even carmakers don't seem to be terribly concerned with the decline in the number of total vehicles sold, as they're making more on each car they sell right now because their product mix is more heav...