Comments Off on 3-year value bright for yellow, orange cars – buy here pay here Birmingham
The brighter the car color, the brighter it’s future value.
According to an iSeeCars.com analysis of 2.1 million used vehicles, yellow vehicles depreciated an average of just 27 percent in value after three years, and orange cars depreciated 30.6 percent.
These school bus-inspired colors led the class, as they had the lowest depreciation rates among the 13 colors included in the analysis.Yellow and orange were followed closely by another color that can be both rare and bright: green, at 30.9-percent depreciation.
The average cars depreciates 33.1 percent after three years, according to the iSeeCars study.
“Yellow cars are relatively less common, which could drive up demand and help maintain their value,” iSeeCars chief executive officer Phong Ly said in the analysis.
“Our analysis shows that yellow vehicles have the lowest depreciation of any color for lower-volume cars like convertibles,” he said. “Interestingly, yellow is also the color with the least depreciation for popular body styles like SUVs and pickup [...]
Comments Off on Car Troubles? Try These Cost Saving Tips – Wayne’s Auto Sales
Car Troubles? Try These Cost Saving Tips
Getting a vehicle repaired can be one of the worst experiences a person can have. Not only do they have to spend money on repair costs, they have to deal with auto mechanics that charge too much and take forever to do repairs. The following article has tips that can make auto repair easier.
Checking and repairing the air conditioning in your car is quite complex. If you need to have it checked or fixed, find a mechanic with an air conditioning certification. The gas used for air conditioning is potentially dangerous and this system is a lot more complex than the other parts in your vehicle.
If you notice your windshield wipers are not removing all the water from your windshield when it rain, you may need to replace the blades. This is a simple fix anyone can do. Measure the blades and purchase new ones [...]
Comments Off on Automotive Basics: How To Hire A Professional Mechanic
How To Hire A Professional Mechanic
It can be intimidating to figure out what is wrong with your vehicle, which is why it is usually advisable to seek the help of a qualified and trained mechanic. However, choosing the best one for your specific needs can be challenging. Do not despair, as there are things you can do to make a wise decision.
When doing your own work on your automobile, you want to make sure you never take things too far in error. You’re saving yourself some money by doing it yourself, but if you’re not sure about something, you need to find out or let a professional handle the matter. You could end up costing yourself so much money.
When taking your car to a repair service, make sure that you have all documentation handy. This is important as you do not want the mechanic to do tasks that have already been [...]
Comments Off on 5 ways to spot finer points of potentially weather-damaged vehicles
5 ways to spot finer points of potentially weather-damaged vehicles
AUSTIN, Texas — An auction operator who likely saw at least some of the rain from Hurricanes Harvey and Irma spelled out his five points to consider as the industry watches for flood-damaged vehicles.
“Apart from the basics, there are other telltale signs that dealers and private parties should pay attention to when it comes to signs of hurricane-related damage,” said Tomchay, whose auction is located 70 miles northeast of Atlanta. “Information is power, so arm yourself with as much knowledge as possible to avoid getting burned on the bottom line.”
“Be sure to closely inspect a car’s exterior in proper lighting, preferably in sunlight and from various angles,” he said. “If you’re still unsure, solicit an inspection from a qualified body repair shop.”
Chris Tomchay, co-founder and chief operating officer of The Appraisal Lane and co-owner of the Georgia-Carolina Auto Auction, shared his five [...]
Comments Off on Credit Acceptance is Served Subpoena From Mississippi AG
Credit Acceptance is Served Subpoena
From Mississippi AG
The subprime auto lender Credit Acceptance Corp. disclosed that it has received a subpoena from the Mississippi Attorney General for issues with the company’s origination and collection of loans. The subpoena was issued on Aug. 14 and the company said it is cooperating with the inquiry, according to a Securities and Read More
Comments Off on Buy Here Pay Here Birmingham Al – Wayne’s Auto Sales
Yesterday, the news broke that both Ford and GM are phasing out the internal combustion engine and are aiming toward on an all-electric future.
In addition to Norway, France, the U.K. and others, China, with a severe air pollution problem, is pressuring the auto industry to make the switch, and now California is considering banning fossil-fuel powered vehicles.
Comments Off on Dodge Charger, F-250 popular with car theives
The most theft-prone vehicle in America might be the Dodge Charger. Or it might be the Ford F-250 pickup truck.
Those are the contradictory conclusions of the National Highway Traffic Safety Administration and the insurance industry-funded Highway Loss Data Institute.
Still, the government agency and private group agree that the theft of late-model vehicles is on a rapid decline in the United States. One reason: automakers’ increasing use of ignition immobilizers, which stop thieves from hot-wiring cars. Nearly 90 percent of 2012 models are equipped with them.
In a report released on Monday, NHTSA said the car stolen most often during the 2011 calendar year was the Charger, with 4.8 thefts for every 1,000 cars produced in 2011. It was followed by the Mitsubishi Galant, Hyundai Accent, Chevrolet Impala and Chevrolet HHR among vehicles with more than 5,000 units produced that year.
Comments Off on BMW extends global sales lead over Audi, Mercedes in June
Global sales of BMW Group’s core brand rose faster in June than at Audi and Mercedes-Benz as demand from China and the United States helped the premium carmaker to extend a lead over the two rivals in the first six months of the year.
Sales at the brand were up 9 percent last month to 153,075, the group said today, compared with growth of 5 percent to 140,300 and 8 percent to 131,609 at Audi and Mercedes respectively.
Six-month sales at BMW brand rose 8 percent to 804,000 cars, expanding the lead over runner-up Audi to 24,000 from 11,000 after five months. Half-year sales at Audi and Mercedes rose 6 percent each to 780,500 and 694,000 respectively.
“BMW has stronger momentum than Audi and Mercedes, that won’t change in the second half,” said Hanover-based NordLB analyst Frank Schwope. “Design of their cars has improved and they’re ahead [...]
Comments Off on Tesla to join Nasdaq 100 as Oracle defects to NYSE
Tesla Motors Inc., the world’s best-performing automotive stock this year, will join the Nasdaq-100 Index next week, filling the spot vacated by Oracle Corp., which is moving to the New York Stock Exchange.
The electric-car maker will be added to the gauge, which tracks the biggest companies on the Nasdaq, before the start of trading on July 15, Nasdaq OMX Group Inc. said in a statement Monday. Oracle, which last month said it will join the NYSE, is the biggest company to jump between the competing exchanges.
Shares of Tesla, the carmaker headed by billionaire Elon Musk, have more than tripled this year as the popularity of its new Model S sedan helped the company turn its first quarterly profit. Gaining entry to benchmarks tracked by investors is attractive to public companies because it provides a guaranteed shareholder base.
Comments Off on Toyota Camry, Honda Civic inventories rise, report says
The Toyota Camry and the Honda Civic, the top-selling mid-size and compact cars in the U.S., face risks of reduced production as inventories of the models rise, an RBC Capital Markets report said.
Toyota’s Camry exceeded its seasonal historical average inventory by more than 15 days supply in June and Honda carried about 25 days more Civics than usual, Joseph Spak, a New York-based analyst for RBC, said in today’s report. Camry and Civic were the only models identified as at risk for reduced output among 16 of the top-selling vehicles in the U.S. market. General Motors Co., Ford Motor Co. and Chrysler Group LLC all added U.S. market share in the first six months of 2013, the first time that all three gained first-half share in 20 years. Models such as GM’s Chevrolet Cruze compact and Ford’s Fusion mid-size sedan, leading Detroit’s most competitive set of [...]