Here's the Thing

Affordability index shows cost of buying new car drops slightly

(November 17, 2010) The average total cost of buying and financing a new car dropped by $300 to $27,600 in the third quarter of 2010, a 1.4 percent decrease from the second quarter, according to Comerica Bank's Auto Affordability Index.

In paycheck terms, it took families an average of 23.8 weeks of their income to pay for a new vehicle. This change in affordability was due, in part, to the fact that median family income grew by 0.2 percent in the third quarter, the bank reported.

Don't overpay for car service

(November 11, 2010) Have you been paying more than is necessary to have your car serviced? Today, Edmunds.com has revealed the Top 10 Ways You're Overcharged for Service.

Here are some of the tips the article gives car owners for saving money on vehicle service:

Exploring "range anxiety" and electric cars

(November 9, 2010) The term "range anxiety" refers to the fear that some drivers supposedly have about driving an electric car and ending up stranded with a dead battery. Edmunds.com investigated the topic of range anxiety and what it could mean as more electric vehicles enter the market.

What you should know about renting a car over the holidays

(November 6, 2010) Traveling for the upcoming holidays? Edmunds.com offers consumers money-saving tips in "Confessions of a Rental Car Agent." The article features insider information from a former rental car agent who reveals the ins and outs of car rental scams.

NADA — Overly agressive fuel economy standards may be counterproductive

(November 5, 2010) DETROIT — As the debate over fuel economy heats up, the National Automobile Dealers Association (NADA) is urging federal regulators to consider carefully the rising cost of vehicles for consumers when increasing new federal mandates.

“NADA has long supported improvements in fuel economy, but it’s also our role to raise some tough questions so there’s no rush to judgment,” said NADA Chairman Ed Tonkin.

Hybrid vehicles lead in 2011 fuel economy

(November 5, 2010) The Toyota Prius hybrid is again the fuel mileage champ rated at 51 mpg city and 49 highway. The Ford Fusion Hybrid and the Lincoln MKZ Hybrid  were second at 41/36, according to the U.S. Environmental Protection Agency and the Department of Energy 2011 Fuel Economy Guide.

Satisfaction with auto claims process declines slightly

(November 4, 2010) WESTLAKE VILLAGE, Calif. — Although claimant satisfaction with auto insurers has declined slightly from 2009, the industry has retained most of the service gains made since 2008, according to the J.D. Power and Associates 2010 U.S. Auto Claims Satisfaction Study released today.

The study finds that, while overall satisfaction has declined by five points from 2009 to 837 (on a 1,000-point scale), satisfaction remains 19 points higher than in 2008.

Facing range anxiety

By Jim Meachen
Editor, MotorwayAmerica

After price, probably the biggest single factor in considering the purchase of an all-electric vehicle is range. Even with new battery technology, most of the new-breed of EVs just now entering the market can travel no more than 100 miles — at best — without the need for a power infusion.

New car incentives slip in October

(November 3, 2010) Edmunds.com estimated today that the average car incentive  in the U.S. was $2,498 per vehicle sold in October 2010, down $61, or 2.4 percent, from September 2010, and down $172, or 6.4 percent, from October 2009.

SEMA brings back customized cars, trucks

Karl Greenberg
Mediapost.com

(November 2, 2010) SEMA, it seems, is back. The Specialty Equipment Market Association's yearly automotive love-in in Las Vegas — where what happens will hopefully not stay in Vegas — shows that marketers are ready to joy ride again, after a more sparsely attended 2009 show.