January 2016

Prediction: New-car prices likely to stall this year increasing affordability

(January 18, 2016) LOS ANGELES — Requisite Press reported last week a December 2015 Auto Buyer's Affordability Index (ABAI) of 57.9, indicating that a prudent, median-income household can afford 57.9 percent of the new-car average price. The ABAI was down from last month's value of 59.0, but up nearly 13 percent year-over-year.

Smithsonian Channel to showcase the building of four supercars

(January 16, 2016) NEW YORK — The new Smithsonian Channel four-part series, SUPERCAR SUPERBUILD, premiering Sunday, Feb.14 at 9 p.m. ET/PT, goes behind the inherent beauty, amazing mechanical prowess, and basic building process of Maserati, Lamborghini, Bentley and Aston Martin, four of the world’s leading luxury automakers, as they attempt to produce what they hope is their next iconic car.

Kelley Blue Book lists 10 best new-car deals for January

(January 14, 2016) IRVINE, Calif. — For shoppers with the attitude "new year, new car," the experts from Kelley Blue Book kbb.com have assembled their list of the 10 best lease, financing and cash back deals for new cars available in January 2016 from a variety of auto manufacturers.

"At the start of a new year, many shoppers also want to make a fresh start with a new car, so our KBB.com editors compiled a varied list of vehicles with appealing deals available in January," said Jack R. Nerad, executive editorial director and executive market analyst for Kelley Blue Book's KBB.com.

General Motors wins top honor in loyalty awards

(January 14, 2015) DETROIT — General Motors received the top honor for Loyalty to Manufacturer at the The 20th annual Automotive Loyalty Awards presented this week by IHS Automotive. The awards ceremony took place during the Automotive News World Congress, held in conjunction with the North American International Auto Show.

Group says Google's self-driving report shows need for driver behind wheel

(January 13, 2016) SANTA MONICA, Calif. —  Google's just released report detailing when human drivers took control of a self-driving robot car being tested underscores the need — as required by California DMV draft regulations — for a driver behind a steering wheel of a self-driving car, Consumer Watchdog said Tuesday.

The nonpartisan, nonprofit public interest group also called on Google to release any videos of the incidents, as well as technical data gathered immediately preceding the disengagements.

Oil prices drop to lowest level in a decade

(January 13, 2016) Gas prices continue to drop to multi-year lows, with Monday's average price of $1.97 per gallon representing the cheapest average price at the pump since March 23, 2009, according to AAA's weekly report. Gas prices have fallen for 55 of the past 66 days for a total savings of 26 cents per gallon and should remain relatively low because there is more than enough oil and gasoline around the world to meet demand. 

Drivers are saving three cents per gallon on the week, five cents per gallon on the month and 17 cents per gallon versus this same date last year.

Honda Civic, Volvo XC90 win Car and Truck of Year awards

(January 11, 2016) DETROIT— The Honda Civic today was named the 2016 North American Car of the Year at the Detroit auto show, while the Volvo XC90 was named Truck of the Year. The awards were announced today at the North American International Auto Show.

Both models are repeat winners, with the Civic winning the best car award in 2006 and the XC90 winning the truck award in 2003. The winners are chosen from a group of three finalists in each category.

Is warming your engine a winter must? Tips for better cold-weather car care

(January 9, 2016) Warming up his car for a few minutes before heading to work is a winter morning routine for Steve Bailey. “I hate getting into a cold car, so letting it warm up for five minutes is as important for me as for the vehicle,” says Bailey, who lives in Minneapolis, Minnesota.

“My car is parked outside and I think it runs better after idling for a while, especially on below-zero mornings,” he says.

Study finds auto execs embracing autonomous, connected car technologies

(January 8, 2016) DETROIT — After years of skepticism among traditional automakers, the importance of self-driving and connected cars is now registering with global automotive executives, surging to new levels, according to the 17th Annual Global Automotive Executive Survey conducted by KPMG International.

Consumers say they want steering wheel in autonomous cars

(January 6, 2016) LAS VEGAS — 10,000 respondents worldwide have provided their insight into Volvo’s Future of Driving survey, the largest online conversation to date focused on autonomous driving. The results highlight what consumers currently want from autonomous cars and how they will embrace the technology.