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...
First of all we'd like to state the obvious: Gasoline prices were low. Although OPEC’s September announcement to restrict oil production hiked pump prices during the final quarter, the nationwide average price for regular has yet to top $2.40 per gallon. Back in February 2016, retail prices fell as low as $1.72. Low interest rates continued to keep financing and leasing attractive. Through the third quarter of 2016, 86 percent of all new-car buyers financed in some capacity, at average rates of 2.6 percent and 3.6 percent for the two top credit tiers, and the national aver...
A U.S. judge in New Jersey on Tuesday threw out a proposed class action lawsuit alleging that Mercedes misled consumers about emissions standards in "BlueTec Clean Diesel" vehicles. Plaintiffs claimed Mercedes falsely advertised the BlueTec vehicles as having lower emissions. They said that they later found that the emissions were higher than U.S. standards permitted. The judge said the plaintiffs failed to show they actually viewed any of Mercedes' advertisements touting the cleaner technology. He gave them leave to revise their complaint. Automakers that market diese...
A train carrying BMW's X-badged SUVs and crossovers from BMW's manufacturing plant in the American state of South Carolina has derailed damaging 120 vehicles. These vehicles were on their way to the Port of Charleston, S.C., for export to overseas markets. BMW said damaged models include the BMW X3, X4, X5 and X6 but did not specify how many of each model was damaged. The vehicles were heading to Charleston from BMW’s plant near Spartanburg, S.C., which exports about 70 percent of all X models manufactured at the plant. BMW personnel are traveling to the scene and will...
A group of automakers and tech firms advocating for autonomous vehicles has called on U.S. regulators to change federal auto safety standards that effectively prohibit the operation of a car without the presence of a driver. The Self-Driving Coalition for Safer Streets wants the National Highway Traffic Safety Administration to amend certain Federal Motor Vehicle Safety Standards that it says limit fully autonomous vehicles, the group said in a statement. The group, whose founding members are Ford Motor Co., Google, Volvo, Uber and Lyft, also called on Congress to enact legislation ...
Over the next 10 years expect the car dealerships to have a evolution, but don't let yourself get tricked it's not gonna be a revolution. The changes are coming to auto dealerships, that's something inevitable, but it's not gonna be a disruptive overthrow of the business model. The goal of the research was to look at the state of auto retailing in 2025. NADA commissioned the study in March as a way to stimulate long-term thinking and planning among dealers, the report's gonna be presented at the end of the week. The dealership model will remain dominant, with dir...
