The automobile industry has experienced plenty of changes in the past decade. One of the critical ones is how much money car buyers are spending on their new vehicles. The traditional 4-year, 48-month auto loan is essentially gone. Instead, many people purchase cars with 5-year or even 7- or 8-year … Read more
One goal millions of American consumers would like to attain before the new year arrives is to purchase a new vehicle. There are about 270 million registered passenger vehicles in the United States with an average age of 11.8 years according to IHS Markit. That’s a long time to … Read more
A new car, truck, SUV or van may be in your future. Besides reviewing cars on a regular basis — typically one or two new models week after week — I regularly dispense advice to friends who are shopping for a new or late model used car. Certainly, timing is … Read more
Automotive executives have enough worries to keep them awake at night. Recalls. Upgraded IIHS crash standards. Federal fuel requirements. Persnickety consumers, especially young people that seem disinterested in buying a new car. Deloitte Survey and Report A recently released Deloitte LLP report will be carefully studied by these same executives … Read more
At the Charlotte Food Lion AutoFair this weekend, you can take in hundreds of classic cars, including many that are available for immediate purchase. Some are sold directly by the owners to private buyers, serious individuals that will slap down cash on the spot, while still others are hawked at … Read more