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Industry News

One In Five Vehicles In The U.S. Has Been Hit With A Recall

Oct 20 2014 09:15 AM | Industry News
2014 will likely go down as the year of the recall in the automotive industry. General Motors is the champion with the most recalls so far with 70 recalls as of today, but other OEMs have been making their mark with their own recalls.

CNNMoney crunched the numbers on the recalls so far in 2014 and figured out that there has been a total of 544 recalls, about two a day. Those 544 recalls have affected 52 million vehicles in the U.S., or about 1 in 5 vehicles. While that figure is disturbing to say in the least, it's made worse as that number has eclipsed the previous record of 30.8 million vehicles back in 2004. With only a couple months left in the year, there's a good chance that we could see a doubling of the 30.8 million ve...

General Motors and Ram Fight For Their Share In The Truck Market

Oct 15 2014 12:50 PM | Industry News
With Ford changing over to the next-generation F-150, General Motors and Chrysler see a rare opportunity to grab a bigger slice of the truck marketplace.

"Without question you'll see GM and Ram will continue to play the incentive game to continue to bite into Ford's share," said Bill Rinna, LMC Automotive senior manager of North American forecasts to The Detroit News.

Ford has idled its Dearborn Truck plant for several weeks to to retool for the 2015 F-150, a new model that will utilize aluminum in its construction. That leaves the Kansas City plant to keep producing the current F-150, till it undergoes a retooling early next year. With Ford unable to produce as many F-150s and a number of current buyers waiting for...

EPA Report Shows Average Fuel Economy Is Up

Oct 09 2014 01:45 PM | Industry News
The Environmental Protection Agency released their annual report on industrywide fuel economy this week and says that 2013 model year vehicles achieved an average of 24.1 miles per gallon — up 0.5 mpg from the previous year and almost 5 mpg since 2004.

"We are thrilled to see that manufacturers continue to innovate and are bringing technologies to improve fuel economy online even faster than anticipated," said EPA Administrator Gina McCarthy.

Mazda was the top automaker in the report with a fleet average of 28.1 MPG, while Nissan was the leader in the full-line automakers with 26.8 MPG. The Detroit automakers made up the bottom with Ford at 22.2 MPG, GM at 22.0 MPG, and Fiat Chrysler at 20.2 MPG.

The EPA...

Prices Of Used Cars Begin to Fall

Oct 07 2014 01:55 PM | William Maley in Industry News

Since the recession has ended, the average price of a used car was soared due limited supply. But The Detroit News says with more vehicles coming in due to leases coming to an end, prices are beginning to fall. According to CNW Research, the average t...

Rumorpile: PSA Plans A Return To The U.S. With the DS Brand

Oct 06 2014 11:45 AM | William Maley in Industry News

Consider this: Citroen pulled out of the U.S. in the eighties, while Peugeot would leave in 1991. But according to Automotive News, PSA/Peugeot-Citroen could be making a return with their DS brand. “We want to make DS a global premium brand, and you c...

House Report Raps NHTSA's Knuckles Over GM Ignition Switch

Sep 16 2014 01:40 PM | William Maley in Industry News

It was three months ago that General Motors published a scathing report on its handling on the ignition switch problem. Now its National Highway Traffic Safety Administration's turn. This morning, the House Energy and Commerce Committee released a 44...

SUVs and Crossovers Pass Sedans In Sales

Jul 19 2014 12:15 PM | William Maley in Industry News

Congratulations America. It seems we now buy more SUVs and crossovers than sedans according to a new study from IHS Automotive. Through May of 2014, IHS says that SUVs and CUVs account for 36.5 percent of new car registrations, compared to the 35.4 per...