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The 2008 DuPont Global Color Popularity Report found that White and White Pearl are the favorite car color choices in America, with 16% and 4% of the market share. This is the second year in a row that white has been the #1 choice.
Black and silver tied for second place at 17% each.
Trends for North America also highlight the trend for global convergence. This means that the colors that Americans like the best are similar to the ones that motorists in Russia and Brazil like, and vice versa.
Leading in Europe, however, is black, and silver takes the lead in the Russian car market. Asia likes silver cars the best and India likes white.
According to the report, blue is now the “new green†when thinking of cars that represent the “preservation of nature.â€
At this point it doesn’t really matter what color cars people are buying, as long as they are purchasing new cars with new car warranties. Unfortunately, this year many people chose to hold onto their current cars and buy used car warranties.
Many people believe it is easiest to trade in your current car when buying a new one. However, is trading the right choice for you? There are some advantages and disadvantages to trading.
The big advantage to trading over selling is that you have very little hassle. You don’t have to haggle with buyers and you get rid of your car quickly. However, the fact is that you aren’t going to get as much for your car if you trade it in.
Any used vehicle has a specific retail value. If a dealership is going to sell that vehicle, they will have certain expenses, such as fixing dents and scrapes, cleaning it, and just overhead costs of running their business. Therefore, the dealership has to sell it for a little more than a private owner would.
Since dealers need to make a good profit on used vehicles, they purchase them for less than the retail value. When the dealership takes a trade in vehicle, they are essentially purchasing it from the new car customer, and at a price below the retail value. Essentially, this is called the trade in value.
Although trading in your car is easier than going through the hassle of trying to sell your car privately, you are going to get less money for your vehicle. If you sell your vehicle on your own, you can put the extra money you get towards important things such as an auto warranty and maintenance costs. And with used vehicles, used car warranties are a smart choice.
The Ford F-Series was able to stay on top of the top 10 best-selling vehicles in the country for November. However, sales proved to be significantly down in practically every vehicle brand in the market.
Chrysler turned out to be the biggest loser this month, with a 47% drop in sales in comparison to November 2007. Next came Nissan, with a 42% drop in sales, and then GM with a 41% drop. Toyota had a decline of 33.9%, and Honda was down 31.6%. Ford rounded out the picture with a drop in sales of 30%.
Practically every make experienced significant drops. Kia and Hyundai were down 37% and 40% respectively, while luxury carmakers Mercedes-Benz and BMW were down 38% and 36% respectively.
The numbers demonstrate that regardless of common beliefs, the poor car market is not just a domestic issue. Germany is experiencing so many problems that their government is considering bailing out the carmakers.
Hopefully, the market will experience an upswing where consumers will go out and purchase new cars. However, for now people are holding on to their current cars and buying used car warranties.
After reading GM’s business plan that was submitted to Congress with intentions of securing loans in the amount of $12 billion, it seems that some major changes could have a drastic impact on car shoppers. People may just decide to hold onto their current cars and purchase used car warranties, instead of wondering what is going to happen here.
GM claims it will now be focusing on research and development for Cadillac, Buick, Chevrolet and GMC. Pontiac is going to become a “niche†brand, selling fewer models in joint GMC, Buick and Pontiac dealerships. One could guess that vehicles that have been rebadged, such as the G5 compact, G6 sedan, Torrent and G3 subcompact might be forgone. Vehicles that will be focused on will be the Solstice, Vibe, and the G8.
Hummer has already been up for sale, stating a “strategic review,†and now according to GM, Saab will be in the same situation.
Saturn, however, is a little bit trickier. GM is planning to explore alternatives for Saturn, and is going to talk about relationships with dealers. It almost sounds like the brand is going to be closed down all together, which is similar to what happened with Oldsmobile. Oldsmobile ended up costing GM over $1 billion back in 2004 because of franchise laws.
J.D. Power recently came out with the results from its 2008 Escaped Shopper Study, which gauges why consumers made the decision to walk away from certain new vehicles in their car shopping experience. It’s quite surprising that approximately 80% of car shoppers decided against purchasing a model after they went to a car dealer.
The top three reasons for not buying a car, that are dealer related, included inferior dealer service, a limited availability of various trim levels and colors, and unprofessional employees.
This is a very common anecdotal reason for consumers. If a dealer or salesman doesn’t treat a prospective customer well, that’s it. And, typically the customer not only stays away from that dealership, they also get a tainted view of the vehicle brand.
The study examined 30,000 new car shoppers and discovered that 40% of shoppers decided not to buy a vehicle because of the price, and 40% of those buyers said it isn’t that the car costs too much money, it’s that the car doesn’t seem like it is worth the high price.
Motorists would rather hang onto their current vehicles and buy used car warranties, than purchase a car that they feel isn’t worth the money. And with an auto warranty, drivers can rest assured that they won’t have to pay unnecessary repair expenses down the road.
After two days of long hearings, the Ford, Chrysler and GM CEOs weren’t able to convince Congress that they deserve a $25 billion federal assistance loan. Democratic leadership said they need written proposals that are more concrete by Dec. 2. At that point if they find the argument compelling enough, there will be more hearings and Congress will vote on Dec. 8. For the carmakers, this will be their last chance for action before Barack Obama takes office as President on Jan.20. GM threatens that they may run out of money before the end of the year, which would start a domino effect, taking down suppliers as well as other carmakers.
After it was all said and done, Congress questioned whether a loan would actually work, and if the car companies would come right back asking for more money and if assistance would have the result of viability in the long-term. It didn’t help the case of the Detroit executives by using corporate jets to get to the hearings and becoming guarded when asked how they got the $25 million figure.
Unfortunately, without a bailout it doesn’t look good for the Big Three. At the moment, people are opting to hold onto their current cars with the addition of used car warranties, instead of spending money on new vehicles.
Every year thousands of people are killed in car accidents. Many of these crashes could have been avoided with some simple safety knowledge. Here are some tips to keep your driving experience pleasant and help you avoid dangerous accidents.
First of all, if your are taking any medicines, double check your product label to see if it could affect your driving. If your medication causes drowsiness, stay off of the roads.
Next, secure children properly in a restraint system that is size and age appropriate. All children less than 12 years of age should be in the back seat. Just by putting children in the back, and not the front reduces injuries and deaths 30%.
One of the biggest causes of car accidents is driver inattention. This means that drivers should stay off of cell phones and pay attention to the road.
Finally, prepare a safety kit in your car. It should include a first aid kit, flashlight, nonperishable foods, water, blankets, motor oil, jumper cables, and a spare tire. And all drivers should have used car warranties in order to keep up with important maintenance and car repairs without unnecessary costs.
If you’re planning to purchase a used vehicle you need to find out as much as you can about it and purchase used car warranties. The car could have problems that you can’t detect by looking at it. In order to understand the car that you are getting, get a vehicle history report. This will give you combined information from DMVs, RMVs, and police reports about the car that you are looking at. Here are some things to consider when looking at the vehicle report.
Determine if the car has had many owners. You are better off with a car that has had fewer owners because there is more of a likelihood that the car has been taken good care of. Although inexpensive, rental cars will have undergone a great deal of abuse.
Also, consider the location that the car has been in. This is important because some climates are harsher on cars. For example, winter conditions are hard on cars because of salty roads. Obviously, excessive heat and flood areas are also of concern.
Finally, make sure that the name and description on the history report actually match the vehicle you’re looking at. This will help avoid types of fraud, such as vehicle identification number cloning.
A used car is a great way for people to save money and get a great car. Just do your homework to make sure you are getting a good buy. You need to consider the costs of used car warranties, auto insurance, and maintenance costs. An auto warranty is a good way to get peace of mind when purchasing a used vehicle.
Recently, J.D. Power and Associates conducted a study, finding that now that the EPA has changed how it tests cars, motorists are finding that they get better mileage out of their cars than what was advertised. This comes as a pleasant surprise, since drivers find themselves with lots of driving costs, such as used car warranties and maintenance.
Before the EPA decided to update its methods to reflect a more accurate view of modern driving conditions, motorists were consistently reporting that their combined average for fuel economy was less than the EPA rating advertised.
For example, before the update, back in 2007, motorists claimed that they got around 97% of the fuel economy that was advertised. This was 3% worse than what was advertised. And after the new standards for testing were implemented in 2008, motorists claimed they got around 105% of the fuel economy posted.
For drivers who are money conscious and calculate driving costs, such as insurance, auto warranty costs, and gas costs, they will have a pleasant surprise with their gas mileage.
Used car buyers need to be aware of a common scam; odometer fraud. This is the act of rolling back the odometer on a car. This deceives buyers into thinking that a vehicle has fewer miles than it really does. It is estimated that this crime leads to sales of around 450,000 vehicles every year.
Also alarming is that digital odometers are easier to meddle with than traditional odometers. There are ways that consumers can protect themselves against odometer fraud.
First of all, request to see the car’s title and make a comparison between its mileage and the car’s odometer. Also, compare the mileage on the car’s maintenance records with the odometer on the vehicle. In addition, sometimes there are stickers with maintenance records on doorframes and windows.
Next, you should ask for a Carfax History Report on the vehicle to see odometer discrepancies. If the person selling the car doesn’t have one, you can order one online with the vehicles VIN number.
Finally, check to see that the odometer gauge numbers are all aligned. If they aren’t aligned, or if they move when you tap on the dash, you may want to think twice about buying.
These tips can save you from buying a car that has been tampered with. However, you never know the true history of a used vehicle. This is why used car warranties are a good idea to protect you against unforeseen repairs.