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Luxury Car Market Hits Six-Year High

Mercedes-Benz CLA-Class Almost 400,000 new luxury vehicles were sold during the first quarter of 2013. This is the highest sales volume of luxury vehicles since 2007, Kelley Blue Book announced Thursday. In its New-Car Market Report, KBB.com says the average price luxury buyers paid for their new vehicle also increased. Alec Gutierrez, senior market analyst, automotive insights for Kelley Blue Book, says, “The luxury crossover segment improved 26.4 percent in the first quarter, thanks to new models such as ... continue reading»

Tags: Analysis, Cadillac, Mercedes Benz, Luxury Crossover SUVs, luxury cars

Cell Phone Use While Driving Could Cost You

Depending on the state you’re driving in, you could pay up to a $10,000 fine and spend a year in prison if caught using your cell phone while driving. According to a study released last Tuesday by Online Auto Insurance, “Texting while driving has become an epidemic in America that has led 39 states and the District of Columbia to ban all drivers from engaging in the practice.” The strictest state, based on the Online Auto Insurance results ... continue reading»

Tags: Analysis, Driving Laws, Distracted Driving, Smartphones, driver safety

Big Auto Sales Mean Small Discounts in March

March auto sales numbers are trickling in with good news for most automakers, but bad news for consumers hoping to get a deal on a new car. Ford reports a 6 percent sales increase compared with March 2012. The Ford Fusion sold more than 30,000 units in March, which Ford says is a record for the model. The Ford Escape also broke its best monthly sales record, selling 28 percent more models than in March 2012. Ford also says ... continue reading»

Tags: News, Tips and Advice, Analysis, New car sales, Car sales

March Car Buyers Should Expect Good Deals

Vehicle manufacturers sold 1.19 million vehicles in the U.S. in February, which is an increase of 4 percent over the previous year, according to Automotive News (subscription required). Large auto sales numbers usually indicate less rebates and higher financing rates for car buyers in the following months. However, consumers looking for a new vehicle in March should expect “low finance rates, affordable lease payments, and most importantly, new and compelling product,” says Alec Gutierrez, senior market analyst of ... continue reading»

Tags: Analysis, lease deals, purchase deals, March car deals, Car sales

Deep Discounts Make it Cheaper to Pick Up a New Truck

If you've been meaning to buy a new car or truck from General Motors, your procrastination may pay off – big time. The Wall Street Journal reports, "General Motors Co. Friday began doubling cash incentives and sweetening lease terms on some vehicles to reduce a growing inventory of unsold cars and pickup trucks." The deals apply to the Chevrolet Malibu, Chevrolet Cruze, Chevrolet Traverse, Chevrolet Silverado and GMC Sierra. Automotive News says that the program "gives dealers the option to ... continue reading»

Tags: Analysis, car deals, GM, cash back deals, purchase deals

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