Here's the Thing

TrueCar says the 25th best day in February to buy new car

(February 20, 2012) SANTA MONICA, Calif. — TrueCar, Inc. has found the best new car deals on vehicles including cash, finance and lease deals available nationwide, and is forecasting that Saturday, Feb. 25, will be the best day of the month to purchase a vehicle with an average discount of 8.34 percent, according to data from its February TrueTrends Report.

Pushing personal driving performance to the limits with AMG Driving Academy

(February 19, 2012) MONTVALE, N.J. — Driving enthusiasts and AMG fans get a chance to enhance their driving abilities and push the most exclusive and highest performance Mercedes-Benz luxury cars to the limit at the AMG Driving Academy. For 2012, the AMG Driving Academy has expanded to five tracks, beginning at Palm Beach International Raceway in April.

Lexus, Kia get biggest boost from Super Bowl ads

(February 17, 2012) SANTA MONICA, Calif. — The Lexus GS 350 and the Kia Optima finished last week with bigger increases in consumer interest than any other vehicles advertised in this year's Super Bowl, according to an analysis of web traffic behavior on Edmunds.com.

The GS 350, which was promoted in Lexus' first-ever Super Bowl ad, experienced a 190 percent lift in shopper consideration on Edmunds.com, while the Kia Optima posted a 153 percent lift.

Vehicle dependability reaches all time high, J.D. Power study finds

(February 16, 2012) WESTLAKE VILLAGE, Calif. — Strong initial quality of 2009 model-year vehicles — which were produced during one of the toughest years for the automotive industry — has translated into historically high levels of vehicle dependability in 2012, according to the J.D. Power and Associates 2012 U.S. Vehicle Dependability Study released Wednesday.

Consumer advocates question motivation of red-light cameras

SANTA MONICA, Calif. — As time goes on, more intersections are guarded by cameras that record drivers passing through red lights. Edmunds.com today reports that some proponents of these cameras may be more concerned with generating revenue than taking the most efficient route to protect public safety.

NADA: Economic conditions jell for car sales to hit nearly 14 million

(February 7, 2012) LAS VEGAS — Sales of small cars, SUVs and other light trucks will lead the way toward what Paul Taylor, chief economist of the National Automobile Dealers Association, predicts is a rebuilding year for the auto industry resulting in 13.945 million new cars and light trucks purchased and leased in 2012.

Fulfillment of that forecast in 2012 will mark the third consecutive year of rising new vehicle sales. In 2009 the auto industry, like the rest of the U.S. economy, hit a roadblock and only 10.4 million new cars and trucks were sold, down from 13.2 million units in 2008. In 2010 the sales grew to 11.55 million and in 2011 another boost brought the figure to 12.7 million.

AutoTrader tracking finds Hyundai got most instantaneous bang for ad buck

(February 6, 2012) ATLANTA — AutoTrader.com annually tracks Super Bowl game advertising determing what advertisements drive consumer online shopping behavior. Using a methodology that identifies the real-time correlation of advertising value to car manufacturers' ad spots, AutoTrader.com provides a visual representation of shopper vehicle search with a corresponding time stamp, along with the car make and model, from the automotive ads that ran from 5 p.m. to 10 p.m. ET on Sunday.

Used car prices will continue to rise, NADA says

(February 6, 2012) LAS VEGAS — Increasing demand and a drop in the supply of used cars and trucks will lead to higher used vehicle prices in 2012, says Jonathan Banks, executive automotive analyst with the National Automobile Dealers Association (NADA) Used Car Guide.

"Consumers shopping for either a new or used vehicle will benefit this year from higher trade-in values along with loosening credit," Banks said at a press briefing during the NADA Convention and Expo in Las Vegas. "For dealers, reliance on customer trade-ins will increase as they strive to meet the challenges of growing demand in a supply-constrained market."


NADA study finds many dealers not convinced facility upgrades cost effective

(February 5, 2012) LAS VEGAS — While new-car dealers see value in having clean and modern facilities, many have questions and, in a significant number of cases, are not convinced that the factory upgrades they are being asked to do will result in an increased return on investment, according to a new study by Glenn Mercer issued Saturday at a press briefing during the 2012 NADA Convention and Expo in Las Vegas.<

Transaction prices fall in January after four months of gains

(February 4, 2012) SANTA MONICA, Calif. — TrueCar.com has estimated that the average transaction price for light vehicles in the United States was $30,512 in January, up $1,731 (6 percent) from January 2011, but down $174 from December.