Once again, auto sales outpace the economy
Once again, auto sales outpace the economy The economic recovery is slow, companies arent hiring, and Capitol Hill is dysfunctional. But through it all, Americans are buying new cars and trucks. Indeed, March was the best month for auto sales in five years, and the SAAR (seasonally adjusted annual rate) was a respectable 15.27 million, […]
Read MoreNHTSA ponders crash test ratings for older drivers, families
NHTSA ponders crash test ratings for older drivers, families The National Highway Traffic Safety Administration (NHTSA) is considering two new crash test ratings: a silver rating for older drivers and a family rating that would include an assessment for rear-seat passengers. They would be in addition to the current five-star rating and would be part […]
Read MoreNADA says the average loan amount on new and used cars is up
NADA says the average loan amount on new and used cars is up As the average transaction price has risen for new and used vehicles, so too has the average age of vehicles in operation, to 11.4 years, according to NADAs March Economic Update. The good news that goes along with that is the loosening […]
Read MoreFeds announce delay for health care exchanges first set for 2014
Feds announce delay for health care exchanges first set for 2014 The state exchanges specifically set up for small businesses by the Patient Protection and Affordable Care Act (PPACA) will be delayed for a year, the Obama administration said last week. The law requires that the exchanges, designed to be operated by the states, be […]
Read MoreJD Power: Customer satisfaction with run-flat tires is dropping
JD Power: Customer satisfaction with run-flat tires is dropping Satisfaction is declining among customers whose vehicles are equipped with run-flat or low-rolling resistance tires as part of automaker efforts to improve fuel efficiency, according to a new J.D. Power study. Run-flat tires are mostly used on luxury and performance sports cars. In both cases, satisfaction […]
Read MoreWhere Md., Va., DC rank in cost of auto insurance
Where Md., Va., DC rank in cost of auto insurance The order of ranking in average cost of auto insurance premiums may not surprise you: Washington, D.C., is number 5 (average annual premium $2,006), Maryland comes in 21st ($1,528) and Virginia trails at 37th place ($1,322). The study, by Insure.com, is based upon rates for […]
Read MoreBeltway Express Lanes wont post travel times
Beltway Express Lanes wont post travel times How much time will it save you to use the 495 Express Lanes around the Capital Beltway? Though it might seem a reasonable question for a travel mode designed to save drivers time, the answer wont be available for years, says the Virginia Department of Transportation. The problem, […]
Read MoreDont miss WANADAs F&I Seminars, April 25 – 26
Dont miss WANADAs F&I Seminars, April 25 – 26 To make sure your F&I staff is up-to-date on the latest laws and regulations, WANADA is staging its Spring season Finance and Insurance Professionals Seminar on two separate occasions: Thursday, April 25, and Friday, April 26. The popular F&I professionals workshop is intended for both new […]
Read MoreThought for the Week
Thought for the Week [I]Jack Nicholson on the new leader of North Korea, Kim Jong Un:[/I] Hes a young man new to the job of dictator in North Korea, trying to show the world how tough he is by talking about everyone hed like to bomb when all he really needs is a tattoo.
Read MoreEPA plan to ramp up tail pipe standards and reformulate gasoline garners automaker support and big oil opposition
EPA plan to ramp up tail pipe standards and reformulate gasoline garners automaker support and big oil opposition [I]Low sulfur proposal to improve air, save lives and assure a 50 state approach will cost motorists[/I] EPA proposed standards last week designed to reduce sulfur levels in gasoline and tailpipe emissions by 2025, saying that the […]
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