Here's the Thing

Edmunds predicts new vehicle sales to cool slightly in October

(October 26, 2018) SANTA MONICA, Calif. — Edmunds forecasts that 1,322,340 new cars and trucks will be sold in the U.S. in October for an estimated seasonally adjusted annual rate (SAAR) of 17.1 million. This reflects a 6.7 percent decrease in sales from September and a 2.1 percent decrease from October 2017.

"The fourth quarter is off to a slow, but not alarming, start for the auto market," said Jeremy Acevedo, Edmunds manager of industry analysis.

Domestic brands tumble in latest Consumer Reports reliability ratings

(October 25, 2018) YONKERS, N.Y. — It was a rough year for domestic brands, according to Consumer Reports’ (CR) latest Annual Auto Reliability Survey, which collected data from its members about their experiences with more than half a million vehicles. Buick, Chevrolet, Chrysler, and Tesla are among the brands that tumbled in the organization’s predicted new-car reliability rankings announced at a news conference before the Automotive Press Association in Detroit on Wednesday.

October is finally falling into cheaper gas prices

(October 24, 2018) The national gas price average is $2.85 — six-cents cheaper than this month’s highest price of $2.91, which was the most expensive average during the month of October since 2014. Today’s price is also four cents cheaper than last week, the same price as last month and 39- cent more than this time last year according to statistics from AAA.

Reduced refinery runs, due to peak maintenance season, have contributed to stable gasoline inventories amid lower demand, which is a contributing factor driving gas prices down.

Only one in ten dealers see future mobility as threat to current business

(October 23, 2018) ATLANTA — Auto dealers and consumers are more closely aligned on the future of mobility than many industry experts might imagine with both expecting significant reductions in personal vehicle ownership. In fact, dealers are predicting an even sharper decline in ownership than consumers in the next five years (28 percent versus 18 percent).

Carfax: Flooded cars back on the road jumps 47% over last year

(October 22, 2018) CENTREVILLE, Va. —  Carfax is warning consumers that more flood damaged cars have resurfaced across the country. New research from Carfax suggests that over 478,000 flooded vehicles are back in use, either on the road or up for sale. That figure is a 47% increase — more than 150,000 additional cars — from 2017, when hurricanes Harvey and Irma devastated the Gulf Coast and Southeast.

Survey finds consumers want access to their vehicle's data

(October 21, 2018) BETHESDA, Md. — More than 8 in 10 U.S. vehicle owners and lessees believe car owners should have full access to and control of their vehicle's data, including maintenance and repair information, according to the results of a survey released today by the Auto Care Association.

Edmunds ranks new-car shopping behavior by state

(October 20, 2018) SANTA MONICA, Calif. — With average transaction prices, loan term lengths and interest rates for new vehicle purchases sustaining highs not seen since before the recession, buying conditions are becoming far less favorable for American car shoppers.

To get a sense of how consumers are adapting to this changing environment, the car shopping experts at Edmunds conducted an in-depth analysis of transaction and finance data to rank all 50 states on responsible car shopping behavior.

AAA — Teen driver with teen passenger a deadly combination

(October 20, 2018) WASHINGTON, D.C. — Teen drivers put everyone on the roadway at risk of a deadly crash, especially if they are bringing teen passengers along for the ride. New research from the AAA Foundation for Traffic Safety found that when a teen driver has only teen passengers in their vehicle, the fatality rate for all people involved in a crash increased 51 percent.

GasBuddy lists five major convenience store trends from NACS show

(October 19, 2018) BOSTON — GasBuddy has unveiled five major trends it has identified from the recent National Association of Convenience Stores (NACS) annual conference in Las Vegas that will make gas stations a one-stop-shop in 2019.

"Convenience retailers have experienced in-store sales growth for the past 15 years, and the industry continues to keep pace with the needs of today's consumers," said Frank Beard, GasBuddy's analyst/evangelist for convenience store and retail trends.

Chevy honors muscle car tradition with 2018 convertible

By Paul Borden

(October 18, 2018) The glory days for Muscle Cars may go back four or five decades, but even though there are fewer of them around today, you can still learn what they were all about without having to shop the collector's car market. Take the Chevrolet Camaro, launched in 1967 as a competitor to Ford's Mustang.