February 2015

Nearly half of Chicago Auto Show attendees to purchase car within year

(February 17, 2015) CHICAGO — Nearly 44 percent of adults attending this year's Chicago Auto Show are planning to buy a car or truck within the next year, while almost 70 percent say that they will buy within two years, according to a survey conducted by Edmunds.com.

The survey, which polled nearly 1,000 CAS attendees over the weekend, demonstrates the strong potential influence that car shows can have over car buying decisions.

Ford Fusion leads TrueCar's best-deals list for February

(February 15, 2015) SANTA MONICA, Calif. — TrueCa finds the Ford Fusion sedan tops February’s list of best savings on new vehicles, currently selling at an average of 14 percent off the Manufacturer’s Suggested Retail Price (MSRP).

The “TrueSavings” monthly report analyzes recent transaction prices and identifies opportunities for consumers. Along with Fusion, TrueCar finds Hyundai’s Elantra compact sedan and FCA’s Chrysler 300C large sedan also are selling at least 10 percent below MSRP this month. Currently, eight of the 10 most-in-demand vehicles on TrueCar’s platform are light trucks.

Mustang wins MotorWeek's 2015 Drivers' Choice Best of the Year award

(February 13, 2015) CHICAGO — MotorWeek has named the Ford Mustang as its "Best of the Year" pick from among all 2015 Drivers' Choice Award winners.  The 2015 Ford Mustang, the 6th generation of America's original pony car, stood out amongst stiff competition for its eye catching retro-inspired exterior design, modern drivetrains, honest quality and overall progression.

Subaru, Lincoln top Kelley 2015 Cost to Own awards

(February 12, 2015) IRVINE, Calif. — The 2015 model-year brand and category winners of the fourth annual 5-Year Cost to Own Awards, recognizing new vehicles with the lowest projected ownership costs, were announced today by Kelley Blue Book, .kbb.com. These awards are based on Kelley Blue Book's 5-Year Cost to Own data for new cars for the initial five-year ownership period.

While depreciation (or loss of value) and fuel costs may be the greatest expense incurred in owning a vehicle, there are other factors that can have a significant impact on a consumer's budget.

Crashes touch one in three, but drivers continue to take risks

(February 10, 2015) WASHINGTON — Too many Americans report that they regularly speed, run red lights, use distracting devices or drive drowsy, despite the fact that one in three have a loved one who has been seriously injured or killed in a crash, according to the AAA Foundation's latest Traffic Safety Culture Index.

The results further find that unsafe behaviors persist even though one in five drivers have themselves been involved in a serious crash, and one in ten has been seriously injured in a crash.

Study: Used vehicle supply to increase as leases reach record high

(February 5, 2015) McLEAN, Va. — In their latest Perspective report covering the US automotive market, NADA Used Car Guide analysts have determined the amount of used vehicles for sale are going to increase this year, and new vehicle leases will likely reach a record high.

"Consumers should know that the amount of new vehicle lease contracts signed and the used vehicle market are intrinsically linked," said Jonathan Banks, executive analyst for NADA Used Car Guide.

The 'midlife crisis car:' Less crisis, more celebration

(February 4, 2015) RICHMOND, Va. — For many, the words “midlife crisis car” immediately bring to mind “flashy, red and sporty.” CarMax has published a survey on midlife crisis car trends, and the results may be surprising: sedans and SUVs are gaining in popularity.

While one in five potential buyers (20 percent) would still go for a sports car first, 17 percent would purchase an SUV and 15 percent would pick a sedan. When asked about a specific make and model, the Ford Mustang and Chevrolet Corvette were the favorites.

New-car transaction prices soar In January, up more than 5 percent

(February 3, 2015) IRVINE, Calif. — The analysts at Kelley Blue Book kbb.com today report the estimated average transaction price (ATP) for light vehicles in the United States was $33,993 in January.  New-car prices have increased by $1,694 (up 5.2 percent) from January 2014, while dropping $570 (down 1.7 percent) from last month.

Automakers leverage halo models to score with car shoppers

(February 2, 2015) ATLANTA — While some used humor, others promoted performance and a few played on raw emotion, Super Bowl XLIX was the year that almost all automakers chose to leverage the big game to make a strong brand statement. For the fourth year in a row, AutoTrader analysts measured site search activity real-time during the game to determine which ads won not just the hearts, but the minds of in-market car shoppers.

Study finds even with lower gas prices, consumers remain price sensitive

(February 2, 2015) ALEXANDRIA, Va. — Even with gas prices near six-year lows, U.S. consumers are still looking for the best gas prices. Three in five (63%) consumers say they would drive five minutes out of their way to save 5 cents per gallon. An even greater percentage (72%) would pay by cash if they could save five cents per gallon, according to the results of a new consumer survey released today by the National Association of Convenience Stores (NACS).