Buyers Holding Onto New Cars For Nearly Six Years – Longer Than Ever Before
If you’re still driving that 2006 Ford Fusion you bought new, apparently you are not alone. Automotive data provider Polk says that the average new car buyer is now holding on to his vehicle for a whopping 71 months – almost six years. Used vehicles are being held for over
GM Has Disappointing 4th Quarter
Analysts had already expected a disappointing 4th quarter, but when GM announced the results of the October – December quarter today, the results were worse than feared. Net income attributable to common shareholders was $500 million, or 28 cents a share. Analysts had expected two cents more. Strong results in
Tesla Model X is an instant hit, brings in $40 million in advance orders
Tesla Motors is expected to release its quarterly results later today that should have a lot of financial analyzers taking shots at the Palo Alto, Cali. based electric-car maker. However, Tesla has a very strong answer for them. The company said that one day after it revealed its new Tesla
Feds step up auto-parts antitrust probe; plaintiffs’ bar wants in
Federal prosecutors weren’t the only lawyers celebrating Monday’s announcement of a new round of guilty pleas in the Justice Department’s ongoing investigation of price-fixing and bid-rigging in the sale of automotive parts. Private plaintiffs’ lawyers who’ve filed 45 follow-on class actions in the last three months were also excited about
Consumers Choose The Best And The Worst Car Brands
Tesla is one of the ten highest rated car brands in America, says the Consumer Reports 2012 Car-Brand Perception Survey. Is that a good thing? Marketers are troubled by this development. The trouble is not that a newcomer like Tesla is rated so highly. Overall, the halos of the top
4 Things to do when driving in Bad Weather
Driving in bad weather is something that each and every one of us has to do at one point and time in our lives. Yes, we can’t control the weather but in order to prevent accidents from happening there are simple things that we can do to ensure that we