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 been into a difficult period the latest 2 years, after being caught cheating on emissions, but now the automaker is selling cars with diesel engines in U.S. again. Customers lined up to buy two-year-old Volkswagen diesel cars when the automaker unexpectedly resumed sales in April. Many VW customers may still want the fuel efficient diesels — also called TDIs — but the few thousand cars left at dealerships after the automaker resolved its emission-fraud crisis are the last ones the automaker plans to sell in the U.S. One dealership, in Troy, Mich., got five...
It’s been a week since the fierce debate has started, and now it’s official, California’s Legislature approved the plan of raising gas taxes and vehicle fees by $5.2 billion a year to pay for the repair of California’s pothole-ridden, decaying system of roads, highways and bridges. The bill squeaked through the Senate on a 27-11 vote and cleared the Assembly with 54 votes, the bare minimum required in both houses. The measure sparked suspenseful wrangling in the waning hours of Thursday initially three votes short of securing the two-thirds threshold ne...
The so-called Big Three automakers reported March sales that were weaker than expected. The declines for Ford, GM, and Fiat Chrysler happened as consumers bought fewer sedans and more SUVs. Total vehicle sales rose at a seasonally adjusted annual rate of 16.63 million. That was short of the forecast for 17.30 million.. Here's the scoreboard:Nissan: 3% (2.8% expected)Ford: -7.2% (-5.9% expected)GM: 1.6% (7% expected)Fiat Chrysler: -5% (0.4% expected)Toyota: -2.1% (-1.2% expected)Subaru: 11.3%BMW: 3.5%Volvo: 9.3%Automakers shares slid in trading following the numbers. Ford fell by...
As U.S. auto sales have peaked, competition to finance car loans is set to intensify and drive increased credit risk for auto lenders. Analysts say that that the combination of plateauing auto sales, growing negative equity from consumers and lenders' willingness to offer flexible loan terms is a significant credit risk for lenders. Motor vehicle sales have boomed in the years since the Great Recession. U.S. sales of new cars and trucks hit a record annual high of 17.55 million units in 2016. It is expected that U.S. new vehicle sales will decline slightly to 17.4 million units ...
It’s the first time in the last 6 months when the retail sales posted are this low. This indicates a tempering of the consumer spending that’s been carrying the economy. Purchases rose 0.1 percent, after a 0.6 percent increase in the prior month that was stronger than previously reported. Just four of the 13 major retail categories saw gains in February sales. Receipts dropped at electronics and appliances stores, apparel outlets and car dealers, a sign of more moderate consumption in the first quarter. While purchases may have been restrained by a temporary slowdown in ...
