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...
Chrysler announced a pair of recalls for the Dodge Dart, Durango, and Jeep Grand Cherokee. They're unrelated, as the Dart recall concerns windshield washer pumps, and the Durango and Grand Cherokee recall is for fuel rails. But the number of cars involved in both totals up to 88,888 cars, which is rather bizarre. Breaking down the coincidental number, we first have 34,633 2016 Dodge Durangos and Jeep Grand Cherokees recalled because fasteners on the intake manifold can come into contact with the fuel rail on some vehicles. This could lead to a fuel leak, and a subsequent fire ha...
The US car sales are down and of course, Amarillo is not an exception. It's been revealed that local dealers sell 21% less new cars, comparing to the same month last year. New auto sales have dropped 0.2% across the nation. It includes the first three-month consecutive decline the car market has seen since the recession. Cars tend to sell better in spring and summer than fall for myriad reasons, Amarillo National Bank senior vice president John T. McElyea said. Parents will buy new vehicles in anticipation of summer vacation road trips. When their kids return to school in the fa...
The low margins of Fiat Chrysler Automobiles and it high leverage position might have taken a toll on its stock in 2Q16. The company is now trading at massive YTD losses. FCAU reported adjusted EPS (earnings per share) of 0.45 euros in 2Q16, or $0.51, which is about 55% higher than its adjusted EPS in 2Q15. This figure was also higher than the analysts’ estimate of 0.39 euros, or $0.43. However, on the day of its 2Q16 earnings release, the company’s stock fell 4.3%. Stagnation in the company’s 2Q16 revenues and shipments, along with concerns over the growth potenti...
The latest car sales data shows that in September 2016, the sales volume of entry-level luxury cars in the US fell 17.4% year-over-year (or YoY) to 49,118 vehicle units. We should say that it is a significant decline. For the same period, the sales of entry-level luxury SUVs rose 12.6% YoY to 54,145 units, and the sales of entry-level sports cars fell 9% YoY to 25,408 units. Top car models in these entry-level luxury and sports vehicle segments were the BMW 3 Series, Mercedes-Benz C-Class, Lexus RX, Ford Mustang, Chevrolet Camaro, and Dodge Challenger. A total of 11,590 mid-range lu...
U.S. auto makers, responding to weaker demand for sedans and other passenger cars amid low gasoline prices, are rebalancing production at U.S. factories in favor of building more sport-utility vehicles and trucks. General Motors Co. said it plans to add 650 hourly workers in Tennessee at a plant making the GMC Acadia and the Cadillac XT5, two midsize SUVs. Idled for three years after the auto maker’s 2009 bankruptcy, the Spring Hill, Tenn., factory is playing an increasingly important role in GM’s U.S. operations. The job additions come a day after Ford Motor Co. idled a...
