Archive

Archive for the ‘Car Industry News’ Category

5 Things to Know About Buy Here, Pay Here Dealers

May 25th, 2016
buy here pay here lot

This Connecticut Buy Here, Pay Here dealer has cornered the market on used Suzukis.

There’s nothing inherently bad about Buy Here, Pay Here dealers. They provide a service to those automotive buyers without good credit who sometimes need a used car in a hurry.

However, it’s important to keep in mind most Buy Here, Pay Here dealers (BHPH dealers) aren’t in business to establish long-term relationships. They’re trying to make the most profit they can from financing used cars.

Here are five things you need to know before purchasing a used car from a BHPH dealer.

Continue reading >>>

Car Industry News, Car Minded, Car Shopping, General Chat, Used Cars , , , ,

The Intersection of Technology and Design Isn’t Boring

May 19th, 2016
Toyota's FCV Plus concept

Toyota’s FCV Plus concept

On May 26, the New England Motor Press Association, of which some of us here at CarGurus are members, will host a conference at the Massachusetts Institute of Technology with the theme Technology Intersecting Design. It may sound like a boring topic, but as you’ll see, it’s a compelling one.

The NEMPA conference will include prominent industry figures like Timothy Anness, head of advance design, Fiat Chrysler Automobiles – North America; Mary Gustanski, vice president of engineering, Delphi; Michelle Tolini Finamore, curator of fashion arts at the (Boston) Museum of Fine Arts; Dr. Gill Pratt – CEO, Toyota Research Institute; and John J. Leonard, professor of mechanical and ocean engineering at MIT.

Continue reading >>>

Car Industry News, Car Minded, Car Shopping, Cars Coming Soon, General Chat, New Cars , , , , ,

Nissan Takes Control of Mitsubishi

May 13th, 2016

nissan-mitsubishi

Nissan will take a controlling stake in Mitsubishi after the latter’s fuel-economy scandal in Japan.

The scandal arose when Mitsubishi admitted it had falsified fuel-efficiency tests on at least 13 models over the last 25 years, resulting in a firestorm of negative publicity in its home market.

Mitsubishi said its investigation showed that company managers, under pressure to keep pace with fuel-economy rates reported by competitors, fabricated numbers while using procedures to calculate efficiency that did not comply with Japanese law.

The scandal has not had an impact in the United States and no cars here are affected. In fact, U.S. Mitsubishi sales have increased over the past year.

In Japan, though, the company is reeling, which has prompted Nissan to swoop in with a lifeline.

Continue reading >>>

Car Industry News, Car Minded, Foreign Cars, General Chat , , ,

5 Ways Young Drivers Can Improve Their Skills, Lower Insurance Rates

May 12th, 2016

Kia Brakes program

Planning to buy a young driver a used car as a graduation present? Or maybe you’re a young person planning to buy your own first car? There’s lots of info available on safe cars for young drivers. What also needs consideration, though, is how young drivers can improve their skills and lower their insurance rates.

Here’s some advice along those lines.

Continue reading >>>

Car Industry News, Car Minded, Car Safety, General Chat , , , , ,

Hidden Used-Car Costs New Grads Must Know

May 12th, 2016

A car has hidden costs

In many students’ minds, “car” and “graduation” go together. For some, it’s because a post-grad job requires a vehicle to commute to and from work. Others may simply want a car to maintain their independent lifestyle from college (especially if they plan to move home).

This isn’t changing for the class of 2016, either. According to a recent survey conducted by CarGurus, almost one-third of upcoming graduates plan to buy a car. And of them, 57% plan to pay for it entirely on their own.

Buying a car is a major purchase—even if you opt for a moderately priced used one. Taking this on yourself is a big sign of financial freedom, but it’s also a big financial responsibility. To handle it wisely, keep in mind the following hidden costs.

Continue reading >>>

Car Industry News, Car Minded, Car Shopping, CarGurus Features and Updates, General Chat, Used Cars ,

Coming Soon: The Fall of the Pickup?

May 12th, 2016

2016 Ram 1500 Laramie Limited Crew Cab 4x4

Remember the build up to the housing market crash in 2007 and 2008? Only a few people saw it coming, while everyone else wrote off the impending doom as an impossible occurrence. Most analysts felt the housing market was simply too big and too strong to fail, but here we are a good eight years later still trying to pick up the pieces.

The next crash won’t be nearly as large in scale and certainly won’t impact the economy of the United States, but it could bring down at least one automaker, put the hurt on thousands of car dealers, and potentially change the landscape of vehicle production in this country.

I’m talking about the death of the pickup.

Continue reading >>>

Car Industry News, Car Minded, Car Politics, Domestic Cars, General Chat, Trucks & SUVs , , , ,

Manufacturers’ Glut Is Good for Buyers

May 5th, 2016

Too many carsThis is a great time to be both a new-car buyer and a used-car shopper. Market conditions are perfect for great deals.

The Old Gray Lady (or as non-journalists call it, The New York Times) did an article recently on how the current record-breaking sales figures for automobiles are bad news for the manufacturers. However, here at CarGurus we know those numbers are good for consumers, and here are three reasons why.

Continue reading >>>

Car Industry News, Car Lists, Car Minded, Car Shopping, General Chat, New Cars ,

Honda to Offer Electric, Hybrid, and Hydrogen Versions of Clarity

May 4th, 2016

Honda_Clarity

With its hydrogen-powered Clarity, Honda promises to deliver an alternative fuel source that it hopes will prove as viable as electricity.

Honda figured out how to package the vehicle as a standard five-seat midsize sedan with all the room and versatility buyers in the segment expect. Plus, it can carry enough hydrogen to propel it for over 430 miles and needs only three minutes to fill at a refueling station.

Previous efforts at creating hydrogen fuel-cell vehicles were limited by large tanks that infringed on passenger space, took too long to refuel, and didn’t provide nearly as much range. The Clarity, despite its odd proportions in the rear, is a design marvel that could bring hydrogen power into the mainstream.

Except that Honda will also create electric and plug-in versions of the Clarity. Why?

Continue reading >>>

Car Industry News, Car Minded, Cars Coming Soon, Foreign Cars, Gas for your car..., General Chat , , , , , ,

10 NHTSA 5-Star Safety Picks for Any Lifestyle

April 29th, 2016

2016 Volvo XC90

Cars and safety have had a long and difficult relationship, but it became way more complex with the arrival of the smartphone. A Pew survey last year determined that 64% of American adults own a smartphone, and anyone who’s spent any time on American roads within the last couple of years knows many people use those phones while driving. In fact, we’re just concluding April, Distracted Driving Awareness Month, during which the National Highway Traffic Safety Administration (NHTSA) launched its “U Drive. U Text. U Pay.” campaign.

We strongly urge everyone reading this post to take NHTSA’s recommended steps to minimize their distractions while behind the wheel and avoid getting pulled over–and not just in April, but year-round. Unfortunately, there’s very little any driver can do about to prevent other drivers from getting distracted. So here are ten 2016 cars that should meet the needs and budgets of a wide variety of drivers, all with 5-star overall safety ratings from NHTSA. We hope none of you will ever have to test your car’s safety features, but just in case….

Continue reading >>>

Car Industry News, Car Lists, Car Minded, Car Safety, Car Shopping, General Chat, New Cars , , , , , , , , , , , , ,

The Impact of the Japanese Earthquakes on Lexus, Toyota Models

April 28th, 2016

2015 Toyota Camry

The news of the recent earthquakes that struck Japan had a strong impact on the U.S. auto market when it comes to Toyota and Lexus. Several models have had to suspend production while the factories are inspected and repaired.

It’s even affected Toyota’s position as the number-one automaker. That spot was usurped by Volkswagen because of the shutdowns. Yes, in spite of the diesel emissions scandal, VW is on top because of the popularity of its Audi, Porsche, and Skoda brands.

Continue reading >>>

Car Industry News, Car Lists, Car Minded, Car Shopping, Cars Coming Soon, Foreign Cars, General Chat, New Cars , , , , ,