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IHS Markit recently published their analysis on how long Americans are holding onto their vehicles. The average according to the firm stands at 11.9 years, the highest amount since they have been tracking this. Also, about one in four vehicles is over sixteen years old. We should note that this data came before COVID-19 started to wreak havoc on the U.S. IHS notes that new cars only made up 6.1 percent of vehicles in operation in 2019, down 0.8 percent when compared to high of 2016. This highlights falling new car sales. But the question lingering over automakers and analysts is will the -
IHS Markit recently published their analysis on how long Americans are holding onto their vehicles. The average according to the firm stands at 11.9 years, the highest amount since they have been tracking this. Also, about one in four vehicles is over sixteen years old. We should note that this data came before COVID-19 started to wreak havoc on the U.S. IHS notes that new cars only made up 6.1 percent of vehicles in operation in 2019, down 0.8 percent when compared to high of 2016. This highlights falling new car sales. But the question lingering over automakers and analysts is will the -
This should be easy. There are tons of great car movies to choose from - Fast and Furious, Death Race, Smokey and the Bandit, Christine. I'm going to go for an obscure, GenX horror flick a la Spielberg's Dual. The name of the movie, fittingly, is simply "The Car." James Brolin starred as a Western sheriff tasked with protecting his community from a possessed, driverless car. Very cool flick. What's your favorite?
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Rumorpile: China May Reduce Tariffs On U.S.-Made Cars
William Maley posted an article in Automotive Industry
The Chinese government is considering a proposal to reduce tariffs on U.S.-Built vehicles from the current 40 percent back down to the 15 percent before the trade war broke out between it and the U.S. Sources tell Bloomberg a proposal has been submitted to the cabinet to be reviewed in the coming days. This proposal stems from a trade summit in Buenos Aires where U.S. President Donald Trump and Chinese President Xi Jinping agreed to a 90-day truce on the trade war earlier this month. After the meeting, Trump tweeted out that "China agreed to “reduce and remove” tariffs on imported America -
The Chinese government is considering a proposal to reduce tariffs on U.S.-Built vehicles from the current 40 percent back down to the 15 percent before the trade war broke out between it and the U.S. Sources tell Bloomberg a proposal has been submitted to the cabinet to be reviewed in the coming days. This proposal stems from a trade summit in Buenos Aires where U.S. President Donald Trump and Chinese President Xi Jinping agreed to a 90-day truce on the trade war earlier this month. After the meeting, Trump tweeted out that "China agreed to “reduce and remove” tariffs on imported America
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Back i n May, the U.S. Commerce Department launched an investigation into car imports to determine the impact of car imports. The investigation falls under Section 232 of the Trade Expansion Act of 1962 which states "whether imports of automobiles, including SUVs, vans and light trucks, and automotive parts into the United States threaten to impair the national security." This could allow the Trump administration to levy tariffs as high as 25 percent on foreign-built vehicles. Yesterday, the Commerce Department submitted their draft report into the investigation. The Trump administration
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U.S. Is Planning To Hold Back On Issuing Car Tariffs
William Maley posted an article in Automotive Industry
Back i n May, the U.S. Commerce Department launched an investigation into car imports to determine the impact of car imports. The investigation falls under Section 232 of the Trade Expansion Act of 1962 which states "whether imports of automobiles, including SUVs, vans and light trucks, and automotive parts into the United States threaten to impair the national security." This could allow the Trump administration to levy tariffs as high as 25 percent on foreign-built vehicles. Yesterday, the Commerce Department submitted their draft report into the investigation. The Trump administration -
Chevrolet believes that it gain more market share in subcompacts to full-size sedans as other competitors leave the market, most notably Ford. "It's a pretty big opportunity for us. As other people are making noise about leaving the car business or thrifting back their portfolio, there's still business to be had there. It's just going about the business in a smart fashion," said Steve Majoros, Chevrolet's marketing director for cars and crossovers to Automotive News. While the car market in the U.S. continues to shrink as more buyers go for SUVs and crossovers, it still represents mo
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Chevrolet Still Sees Cars As An Important Part Of Their Lineup
William Maley posted an article in Chevrolet
Chevrolet believes that it gain more market share in subcompacts to full-size sedans as other competitors leave the market, most notably Ford. "It's a pretty big opportunity for us. As other people are making noise about leaving the car business or thrifting back their portfolio, there's still business to be had there. It's just going about the business in a smart fashion," said Steve Majoros, Chevrolet's marketing director for cars and crossovers to Automotive News. While the car market in the U.S. continues to shrink as more buyers go for SUVs and crossovers, it still represents mo -
Ford's announcement of dropping most of their lineup of traditional cars likely caused a number of automakers to consider doing something similar. One automaker that will not be doing this is Subaru. Dominick Infante, Subaru’s national manager of product communications told Motor Trend one of the key reasons they keeping traditional cars is increasing gas prices. “Gas prices are starting to come up now. So a good hedge for better economy is having a sedan,” said Infante. “So we still make the Impreza and the Impreza hatchback. They do get better gas mileage than say a comparable -
Ford's announcement of dropping most of their lineup of traditional cars likely caused a number of automakers to consider doing something similar. One automaker that will not be doing this is Subaru. Dominick Infante, Subaru’s national manager of product communications told Motor Trend one of the key reasons they keeping traditional cars is increasing gas prices. “Gas prices are starting to come up now. So a good hedge for better economy is having a sedan,” said Infante. “So we still make the Impreza and the Impreza hatchback. They do get better gas mileage than say a comparable
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The past few years have been tiring if you happen to be a millennial. There has been countless articles talking about how this group are not buying houses or vehicles. Of course, the reason is that millennials don't have the money (saddled with more debt, having entry-level salaries, etc). But that is changing. According to a report from Bloomberg, millennials are beginning to head out to the suburbs, and purchasing houses and cars. The reason? They're having their baby boom. According to data from the Zillow Group, Americans aged from 18 to 34 have become the largest group of home buyers
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Millennials Are Buying Cars Due To A Baby Boom
William Maley posted an article in Automotive Industry
The past few years have been tiring if you happen to be a millennial. There has been countless articles talking about how this group are not buying houses or vehicles. Of course, the reason is that millennials don't have the money (saddled with more debt, having entry-level salaries, etc). But that is changing. According to a report from Bloomberg, millennials are beginning to head out to the suburbs, and purchasing houses and cars. The reason? They're having their baby boom. According to data from the Zillow Group, Americans aged from 18 to 34 have become the largest group of home buyers -
May was a horrible month for automakers as many reported sales drops. Part of this can be attributed sales of cars (especially sedans) imploding. According to Automotive News, the 15 largest automakers all posted lower car sales. Overall car sales dropped 16 percent. "We don't get a lot of ups on cars right now, as far as people even wanting a price on them," said Gary Uftring, president of Uftring Auto Group in Peoria, Ill. "Styling has changed, and what people want to be seen in is a crossover or a sport utility." Case in point, light-truck sales rose 2.4 percent in May. Seda
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Sedan Sales Are Sliding and it Could Get Worse
William Maley posted an article in Automotive Industry
May was a horrible month for automakers as many reported sales drops. Part of this can be attributed sales of cars (especially sedans) imploding. According to Automotive News, the 15 largest automakers all posted lower car sales. Overall car sales dropped 16 percent. "We don't get a lot of ups on cars right now, as far as people even wanting a price on them," said Gary Uftring, president of Uftring Auto Group in Peoria, Ill. "Styling has changed, and what people want to be seen in is a crossover or a sport utility." Case in point, light-truck sales rose 2.4 percent in May. Seda -
Kicking off since I did not see an April Car spotting thread. Was over picking up my Durango as the Trans needed rebuilding. I got 223,000 miles on it before I had to rebuild it. Saw this Cherry of a Buick at the shop.
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G. David Felt Staff Writer Alternative Energy - www.CheersandGears.com Worst Used Cars Compare.com reviewed the insurance industry reports on auto's, accidents, quality reports and much more to build a 5 point list on used auto's and what NOT to buy. The break down comes as follows: 1) Trade-Ins Dealers DO NOT WANT: Mini Cooper Jaguar S-Type Land Rover Discovery Mazda CX-7 This is due to the high failure rate of the power-trains. 2) Dealers DO NOT WANT brands that are no longer made, unless they are limited production versions, but for sure they do not want the followin
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Saw this story on MSN Auto's this morning. Most Improved cars of the last 10 years. Pretty interesting. http://editorial.autos.msn.com/most-improved-cars-of-the-last-10-years?icid=autos_5852#1 MSN Auto's list the top 3 as follows: Chrsyler 200 Kia Rio Kia Optima This is followed by Hyundia Accent Jeep Grand Cherokee Chevrolet Cruze Chevrolet Impala Dodge Dart Chevrolet Colorado Cadillac CTS Aston Martin Vanquish Tesla Model S Honda Civic Nissan Altima Chevrolet Camero So what do you think are the most improved auto's of the last 10 years?
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Study: Gen Y Wants Cars... When They Can Afford Them
William Maley posted an article in Automotive Industry
Despite countless studies and reports that say Gen Y (AKA millienals) aren't interested in cars, a new study released this week says this key group are interested in cars. Deloitte LLP, a financial consulting firm published their Global Automotive Consumer Study which showed that Gen Y is very much interested in getting their own vehicle, despite not having the same love affair as their parents and grandparents. "Well over half (61 percent) of Gen Y consumers in the Deloitte report expect to buy or lease a car within the next three years," said Craig Giffi, vice chairman of Deloitte. Giffi w -
Despite countless studies and reports that say Gen Y (AKA millienals) aren't interested in cars, a new study released this week says this key group are interested in cars. Deloitte LLP, a financial consulting firm published their Global Automotive Consumer Study which showed that Gen Y is very much interested in getting their own vehicle, despite not having the same love affair as their parents and grandparents. "Well over half (61 percent) of Gen Y consumers in the Deloitte report expect to buy or lease a car within the next three years," said Craig Giffi, vice chairman of Deloitte. Giffi w
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So came across this story on Lucra Cars who has built multiple cars for the Fast and Furious movies. He became noticed with the LC470 and now has the L148 that is to go into production in 2014 as a $300K 700HP LS V8 American Muscle car with European driving capabilities. Complete story is found here: http://autos.yahoo.com/blogs/motoramic/inside-one-man-quest-build-america-next-great-182846840.html;_ylt=AgU3y1bhJt1d8RdRsKBIa2omhvZ_;_ylc=X3oDMThzb3I0aW05BF9TAzIxNDY4NjI2MzAEYWN0A3RpdGxlBGN0A3N0YW5kYXJkBGVkAzEEaW50bAN1cwRpdGMDMARscG9zAzIEbWNvZGUDQWdCU2xPUVFFR2UyRUJCL05DQUFRTG9RQUVzdklBQmtlaEFR
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William Maley Staff Writer - CheersandGears.com August 7, 2013 Yesterday at at the Center for Automotive Research’s Management Briefing Seminars, General Motors' Chief Economist Mustafa Mohatarem told attendees that the reason young people aren't buying cars because they're not interested. It's more to do with economic reasons. Mohatarem downplayed the reason that young kids are more interested in the internet and what's the latest hot thing in tech, and pushed the rising costs of cars, repairs, and insurance as some of the reasons why young people aren't buying vehicles. “I don’t see any
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William Maley Staff Writer - CheersandGears.com August 7, 2013 Yesterday at at the Center for Automotive Research’s Management Briefing Seminars, General Motors' Chief Economist Mustafa Mohatarem told attendees that the reason young people aren't buying cars because they're not interested. It's more to do with economic reasons. Mohatarem downplayed the reason that young kids are more interested in the internet and what's the latest hot thing in tech, and pushed the rising costs of cars, repairs, and insurance as some of the reasons why young people aren't buying vehicles. “I don’t see any
