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High gas prices are taking their toll on the recovery values of sport utility vehicles and trucks, leading to higher loss severity on defaulted loans in many U.S. auto loan asset-backed securities, according to Fitch Ratings.
Read More →According to the latest Kelley Blue Book Marketing Research study of in-market new-car shoppers, the rising cost of gas is severely impacting consumer purchase habits and activities, with a large number of new-car researchers cutting small luxuries out of their budgets entirely.
Read More →With record-high gas prices and a surge in transit ridership, Americans are driving less for the sixth month in a row. The trend highlights the need to find a more sustainable way to fund highway construction and maintenance, said U.S. Transportation Secretary Mary E. Peters.
Read More →The sharp increase in gas prices encouraged the spike in small sedan sales in May, but the exceptional results were helped by captive finance sources' aggressive marketing, according to J.D. Power & Associates.
Read More →Weak demand for new large pickups, high gas prices, reduced new home construction, and an overall weaker U.S. economy, has pushed down the value of trucks and put more owners in an "upside down" situation, according to J.D. Power and Associates.
Read More →Weak demand for new large pickups and other factors have pushed down the value of trucks and put more owners in an "upside down" situation, according to J.D. Power and Associates.
Read More →American Suzuki Motor Corp. offers three months of free gas and zero percent financing to consumers who purchase a new 2007 and 2008 Suzuki car or SUV.
Read More →A Missouri dealership has watched its May sales volume increase 200 percent in one week after it introduced a $250 gas card or credit towards the purchase of a handgun.
Read More →A Missouri dealership has watched its May sales volume increase 200 percent one week after it introduced a $250 gas card or credit towards the purchase of a handgun.
Read More →Chrysler LLC announced Monday it has extended its $2.99 gas incentive plan for an additional month to July 7. The move was made in response to dealer and customer demand for additional time.
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