Jun 2, 2014
Experian Automotive today announced that loan terms continued to lengthen, with the average automotive loan term reaching 66 months for the first time. According to Experian Automotive's latest State of the Automotive Finance Market report, loan terms in the first quarter of 2014 reached the highest level since the com ... Continue reading
Nutson's Nuggets - Automotive News Factoids Week of May 26-June 1, 2014
Jun 1, 2014
* Google unveiled the latest version of its Self-Driving Car. Google proposes a vehicle that can navigate and drive by itself and that does not feature a steering wheel, brake pedal, or accelerator pedal. Google hopes to begin testing this summer. Note that Google's car goes no faster than 25mph and is intended for in- ... Continue reading
Dacia reaches threshold of 600,000 sales in France
May 31, 2014
In less than nine years, Dacia has won over 600,000 customers in France. The 600,000th Dacia sold in France was a Sandero. Less than nine years after launching Logan in France, Dacia has passed the milestone of 600,000 vehicles sold in France. To date, more than 232,000 Sanderos, 150,000 Dusters, 100,000 Logan MCVs and ... Continue reading
Affordable Credit Keeps Auto Sales at a Steady Clip in May
May 30, 2014
Edmunds.com forecasts that 1,547,771 new cars and trucks will be sold in the U.S. in May, for an estimated Seasonally Adjusted Annual Rate (SAAR) of 16.2 million. The projected sales will be an 11.5 percent increase from April 2014 and a 7.3 percent increase from May 2013. "Credit conditions are making it easier to buy ... Continue reading
The May 2014 Vehicle Sales Forcast is the Highest May SAAR Since 2007
May 28, 2014
Total May sales will hit 1,541,462 units, up 6.9 percent year-over-year and up 11 percent from April. A SAAR of 16.1 million new-car sales is expected for May, an increase of 4.1 percent from this time last year and an increase of 0.4 percent month-over-month. This would mark the highest May SAAR since 2007. "Retail sa ... Continue reading
New-Car Sales To Rise Nearly 7 Percent; Strongest May Since 2007
May 28, 2014
New-vehicle sales are expected to rise 6.7 percent year-over-year to a total of 1.54 million units, and an estimated 16.05 million seasonally adjusted annual rate (SAAR), according to Kelley Blue Book. This marks the strongest May since 2007. With 1.54 million units sold in May, this would bring the year-to-date total ... Continue reading
Ford Automotive Finance (China) Completes First ABS Transaction in China
May 27, 2014
Ford Automotive Finance (China), Ford Motor Credit Companyâs subsidiary in China, has completed its first asset-backed securitization (ABS) in China to support the financing of Ford-brand vehicle sales. Ford Automotive Finance (China) is the first wholly foreign-owned auto finance company to complete an ABS transa ... Continue reading
Nissan Delivers 50,000th All-Electric LEAF In U.S. To Texas Family
May 23, 2014
Nissan, the global leader in electric vehicle (EV) sales, achieved another milestone this month as Dallas residents Todd and Lisa Bolt made Nissan LEAF the first all-electric model to hit 50,000 sales in the U.S. The Bolt family took delivery of their black LEAF SL earlier this month at AutoNation Nissan of Lewisville. ... Continue reading
May 23, 2014
Washington DC May 23, 2014; The AIADA newsletter reported that the CEO of the newly combined Fiat Chrysler Automobiles is urging people not to buy his company's electric car. As USA Today reports, it's a strange request from a world in which automotive CEOs are usually doing everything they can to hype their product li ... Continue reading
Honda Accord Takes Early Lead as America's Most Popular Car in 2014 Based on Retail Registrations
May 23, 2014
Accord is leading in the effort to repeat its 2013 performance as the most popular new car with individual American car buyers. Through the first three months of 2014, four of Honda's five top-selling models â Accord, Civic, CR-V and Odyssey â each led their segments in retail registrations for the first quar ... Continue reading
May 23, 2014
With strong new light-vehicle retail sales anticipated over the Memorial Day weekend, the selling rate in May is expected to be at the highest level of the year, according to a monthly sales forecast developed jointly by J.D. Power and LMC Automotive. Retail Light-Vehicle Sales Retail light-vehicle sales in May 2014 ar ... Continue reading
EVI Research Highlights the Potential for Electric Vehicles in India
May 22, 2014
A new report by the Clean Energy Ministerial's Electric Vehicles Initiative (EVI) shows the substantial impact that electric vehicle (EV) deployment would have on India's oil consumption and carbon dioxide (CO2) emissions. Assessing and Accelerating Vehicle Deployment in India finds that the benefits of EVs in India ar ... Continue reading
May 22, 2014
Experian Automotive today announced that while at a national level 60-day automotive loan delinquencies fell 1.7 percent, 22 states showed increases. According to the latest State of the Automotive Finance Market report, Delaware showed the sharpest increase, jumping by nearly 10 percent, up from 0.73 percent in Q1 201 ... Continue reading
New NADA Report: America's New-Car Dealers Employ More Than 1 Million People
May 22, 2014
Employment up 3.4% from previous year; Warranty work performed by franchised new-car dealers totaled $14.4 billion in service and parts last year--all at no cost to the customer. Highlights: - Employment at U.S. franchised new-car dealerships topped 1 million people last year after falling during the recession in 2009. ... Continue reading
Kelley Blue Book Introduces First-Ever Used Car Fair Purchase Price Based on Actual Transaction Data
May 20, 2014
Consumers no longer receive just a single value when researching a vehicle's worth during the buying or selling process on KBB.com. Today, Kelley Blue Book www.kbb.com,is introducing range-based pricing for used-car values, following the debut of its new-car ranged-based values in October 2013. Kelley Blue Book, The Tr ... Continue reading
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