Here's the Thing

Summer savings continue at the pump — Prices drop 7 cents in week

(June 11, 2019) Nearly every state’s gas price average is cheaper than a week ago, a month ago and a year ago. Today’s national average is $2.74, which is seven-cents cheaper than last week, 13-cents less than a month ago and 18 cents cheaper than a year ago, according to the AAA.

Car shoppers get temporary reprieve as interest rates drop

(June 10, 2019) SANTA MONICA, Calif. — Interest rates for new vehicles dipped to their lowest level of 2019 in May, according to the car shopping experts at Edmunds. The annual percentage rate (APR) on new financed vehicles averaged 6.1% in May, compared to 6.27% in April.

Edmunds analysts say this month-over-month dip is in part due to a bump in zero percent finance deals from automakers in May; these deals constituted 5.7% of financed transactions, compared to 3.2% last month.

Study finds prime customers continue to opt for used vehicles

(June 9, 2019) SCHAUMBURG, Ill. — More and more prime and super-prime car shoppers in the market for their next vehicle are electing to buy used, according to new research from Experian. Findings from the Q1 2019 State of the Automotive Finance Market report show that the percentage of prime (61.88 percent) and super-prime (44.78 percent) consumers choosing used vehicles reached an all-time high.

VW upgrades Atlas making several safety features standard equipment

By Paul Borden

(June 7, 2019) Introduced just a couple of years ago, the Atlas SUV is the largest vehicle in Volkswagen’s lineup and has become the German automaker’s third-best seller behind only the smaller Tiguan crossover and Jetta compact sedan.

IIHS finds vehicle manufacturers make strides on LATCH ease of use

(June 7, 2019) Nearly three-quarters of 2019 vehicles have LATCH hardware that rates good or acceptable for ease of use, as automakers continue making improvements that help parents and caregivers properly install child restraints, according to testing by the Insurance Institute for Highway Safety.

The results mark a shift from 2015, when IIHS launched its LATCH ease-of-use ratings. At that time, a majority of new vehicles rated poor or marginal.

Gas Stations see business climb 69% during Memorial Day weekend

(June 7, 2019) BOSTON — GasBuddy reveals how impactful the holiday weekend was for fuel and convenience retailers, with gas stations along major highways seeing a 69% lift overall compared to the previous weekend. Meanwhile, quick service restaurants only saw a 27% lift and coffee shops saw a 20% lift.

Lunchtime visits from 11a.m. to 3 p.m. made up 36% of all traffic to gas stations over the holiday weekend. When compared to the previous weekend, gas stations saw a 105% uplift in foot traffic during lunch hours.

Autotrader outlines top certified pre-owned deals for June

(June 7, 2019) ATLANTA — Summer buying season starts full-swing in June as the days get longer and consumers have more free time to shop. With the weather heating up, so are the opportunities to find the perfect car. Certified pre-owned programs provide a great option for getting the vehicle you want at a price that leaves money in the budget for that upcoming summer vacation.

"Whether celebrating dads and grads or looking for the perfect road trip vehicle, there are plenty of reasons to buy a certified pre-owned car in June," said Brian Moody, executive editor of Autotrader.

Volkswagen debuts a new direction for the brand in America

(June 6, 2019) HERNDON, Va. — Volkswagen of America on Wednesday began a new direction for the brand in the United States, built around responsibility, innovation and how a major automaker can credibly contribute to the greater good.

Volkswagen has been transforming since 2015, working to atone for the damage of the diesel matter while improving the core business, instituting new ethics and compliance programs with real teeth, and aggressively investing in electric vehicle development and production.

Average new-car prices up nearly 4 percent year-over-year for May

(June 4, 2019) IRVINE, Calif. — The valuation analysts at Kelley Blue Book report the estimated average transaction price for a light vehicle in the United States was $37,185 in May. New-vehicle prices increased $1,320 (up 3.7 percent) from May 2018, while decreasing $208 (down 0.6 percent) from last month.

Pump prices continue to push lower for majority of motorists

(June 4, 2019) Today’s national average is $2.81, which is two cents cheaper than last week, eight cents less than last month and 13 cents less than last year. With the exception of the Rockies states, Alaska and Indiana, motorists across the country are saving as much as 23 cents/gallon to fill up as compared to last month,, according to data compiled by AAA.