November 2011

New-vehicle retail sales strength intensifies in November

(November 18, 2011) WESTLAKE VILLAGE, Calif. — New-vehicle retail sales are experiencing further recovery and strength through the first half of November, according to a monthly sales forecast developed by J.D. Power and Associates Power Information Network and LMC Automotive.

Subaru and Lexus top ALG's residual value awards

(November 16, 2011) SANTA BARBARA, Calif. — ALG, a subsidiary of TrueCar, Inc., today announced its 13th Annual Residual Value Awards, with Subaru and Lexus earning the awards for top mainstream and luxury brands, respectively.  Japanese models continued their overall dominance, winning 11 of the 21 ALG awards.

ALG's Residual Value Awards honor the vehicles in each segment that are predicted to retain the highest percentage off their MSRP after a conventional three-year period.

Kelley announces top resale value awards for 2012

(November 16, 2011) IRVINE, Calif. — Kelley Blue Book has announced the all-new 2012 model-year vehicle winners of its annual Best Resale Value Awards, recognizing current and forthcoming vehicles for their projected retained value throughout the initial five-year ownership period. 

Toyota reclaims top spot for best retained value

(November 16, 2011) IRVINE, Calif. — Kelley Blue Book's today announced results of its 2012 Residual Analysis Report.  The Best Resale Value Awards are based on projections from the Kelley Blue Book Official Residual Value Guide, determined by a staff of automotive analysts.

The brand in which the entire lineup of 2012 model-year vehicles is expected to retain the greatest amount of its original value after five years is Toyota.  The luxury brand with the same claim is Toyota's more refined sibling, Lexus.

Chevy launches Daytona Prototype

(November 15, 2011) DAYTONA, Fla. — Chevrolet unveiled its 2012 Corvette Daytona Prototype at Daytona International Speedway today. The Corvette Daytona Prototype will make its competitive debut in the 50th anniversary of the GRAND-AM Road Racing Series Rolex 24 at Daytona from Jan. 26-29.

New study finds Toyota has least check engine light-related problems

(November 15, 2011) FOUNTAIN VALLEY, Calif. — today announced the release of its first annual CarMD Vehicle Health Index ranking of the top manufacturers and vehicles.

Toyota is the top-ranked manufacturer in the U.S., based on a ranking derived from the fewest percentage of "check engine" light-related related problems and lowest average repair cost.

Overall satisfaction with rental car companies increases; ACE tops rankings

(November 15, 2011) WESTLAKE VILLAGE, Calif.  — Customer satisfaction with rental cars has increased for a second consecutive year, returning to nearly 2006 levels, according to the J.D. Power and Associates 2011 North America Rental Car Satisfaction Study released today.

Black Friday best day to buy a car in 2011

(November 14, 2011) SANTA MONICA, Calif. —Think Black Friday only helps save you money on your next LCD television or laptop? Think again. today revealed that it expects this year's Black Friday, Nov. 25, will be the best day to buy a new vehicle, which is the first or second largest purchase consumers make. 

Kelley Blue Book to provide values updated weekly for 51 regions

(November 10, 2011) IRVINE, Calif. — In an effort to provide the most market reflective and granular used-car values in every state, Kelley Blue Book's announces it will provide values for 51 regions, "delivering some of the most comprehensive values available to consumers and the automotive industry today." 

Regional values are now updated weekly for all of Kelley Blue Book’s used-car values, including lending, auction, trade-in, private party, certified pre-owned and suggested retail. 

Hurricane Irene's flood waters increase risk for used car buyers

(November 8, 2011) DES PLAINES, Ill. — As East Coast residents begin to rebuild and recover from Hurricane Irene and its aftermath, the National Insurance Crime Bureau (NICB) wants consumers all across the country to be alert for flood vehicles that could begin to appear on the used car market.