According to the FBI, a motor vehicle is stolen every 25 seconds in the USA, and fewer than 50 percent of those stolen cars are ever recovered. Where do they all go? Is there a big closet filled with stolen cars somewhere? Or do they go to that secret part of the clothes dryer that also hides individual socks? No, many of them end up back on the street, but under an assumed Vehicle Identification Number (VIN). Read more . . .
Consumer demand for sport utility vehicles is weakening, according to recent transaction data from the Power Information Network (PIN). The data show that the number of days SUVs sit on dealer lots before selling has increased substantially over 2003. SUV prices have also declined while average new-vehicle prices have increased. To counter the downward trend manufacturers have increased incentives more on SUVs than they did on any other type of new vehicle from June to July. Read more . . .
If you have been considering buying a used car with auto manufacturer certification, you’re not alone. The programs have grown in prominence, and they have been the subject of both a study and an awards program by IntelliChoice, an auto cost-analysis research firm.
So who offers the best program? For the fourth year in a row, Jaguar was selected as the best Luxury program and Volkswagen received its first recognition as best Non-Luxury program. The winners are featured in the fall issue of IntelliChoice Magazine can be found online at IntelliChoice.com. Read more . . .
A key factor in overall transportation cost is the re-sale value of your vehicle. But while many consumers research the prices of new vehicles to the nth degree, they often don’t even take a stab at finding out how that used vehicle’s value over time. But now a new online tool will make obtaining that information easier. The J.D. Power Consumer Center, a Web site that provides voice-of-the-customer ratings on a number of products and services, has introduced a new feature on its automotive site called PIN Retained Value. Read more . . .
Not all vehicles are created equal, and that goes double when it comes to re-sale value, a key component in determining automotive lease rates. Because of this phenomenon, monthly lease payments for some expensive vehicles can actually be less than those for lower-priced vehicles. But tracking down these “deals” was a hit-and-miss proposition until now. Recently, Automobile Consumer Services (ACS), a leader in online, direct-to-consumer auto leasing, has added a new service to its popular leasing services. Read more . . .
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