by Michael Strong | Jul 3, 2019
With new cars, trucks and utility vehicles selling at higher-than-ever prices, automakers and other lenders are looking for ways to offset sticker shock, so for the second month in a row, they’ve cut interest rates. The average interest rate for a new-vehicle loan...
by Michael Strong | Jul 2, 2019
Planning to trek somewhere to meet family and friends to celebrate the Fourth of July? Make sure you’re going to be comfortable in your car because there will be more people on the road than ever, according to AAA, and this means more delays than ever. Travel volume...
by Michael Strong | Jul 1, 2019
If you’re looking for a good deal on a new vehicle, then the July 4thholiday may give you multiple reasons to celebrate America’s independence. Automakers are offering a variety of deals hoping to entice buyers to dealership on their way to see fireworks. This holds...
by Michael Strong | Jul 1, 2019
New cars, trucks and utility vehicles aren’t getting any cheaper in the U.S. The average monthly payment for a new vehicle exceeds $550 a month and the loans buyers take out for those shiny new machines are getting longer too. Adding to that pain is the fact that new...
by Joseph Szczesny | Jun 28, 2019
The word “old” apparently has vanished from the vocabulary of Fiat Chrysler Automobiles N.V. product planning department. Tim Kuniskis, head of passenger car sales FCA North America, said during session with reporters at an event FCA’s proving grounds in Chelsea,...
by Michael Strong | Jun 27, 2019
Light duty vehicles in the U.S. must be getting better since owners appear to be keeping them longer than ever — an average of 11.8 years. A new report from IHS Markit shows that average age of a vehicle in operation in this country is creeping toward 12 years. During...
by Paul A. Eisenstein | Jun 27, 2019
Just a month after announcing plans to eliminate 7,000 white-collar jobs – a third of them in the U.S. – Ford Motor Co. said Thursday that it will trim nearly a quarter of its European workforce while selling or closing six of 24 plants on the continent. The move...
by Joseph Szczesny | Jun 27, 2019
Carmakers will finish the first half of 2019 with a dip in sales for June as retail sales sputter, analysts said this week. Cox Automotive is forecasting June U.S. auto sales volume to decline nearly 2.7% from last year, or about 40,000 units, falling to 1.51 million....
by Joseph Szczesny | Jun 25, 2019
Fiat Chrysler Automobiles N.V. is taking another step forward with in-vehicle technology by launching Uconnect Market, a new in-vehicle commerce platform that gives customers the ability to order food, find the nearest gas station, save money on fuel purchases or make...
by Joseph Szczesny | Jun 21, 2019
A Congressional subcommittee heard testimony this week that the Trump administration proposed changes to the existing emissions and fuel economy requirements would reduce employment in the auto industry and open the car business to junk science. Josh Nassar, the...
by Paul A. Eisenstein | Jun 19, 2019
Once known for bargain-basement pricing and mediocre quality, Korean carmakers have not only moved up-market but shown that they can deliver industry-leading quality, or so it seems, based on the latest annual J.D. Power Initial Quality Study. If anything, Kia,...
by Joseph Szczesny | Jun 19, 2019
“Framing John DeLorean,” the new movie about the fallen auto executive, has an awkward title and cinema purists are likely to be put off by its mix of talking heads, bits from news film and videos and scenes re-acted by actors. It almost seems that the producers of...
