Posted in Automotive, Hybrids on Mar 9th, 2009
Remember last summer when people were on waiting lists to buy new Toyota Prius hybrids? Even used hybrids were selling close to what a new one would cost. When gas was in the $4 a gallon range, hybrid was the way to go. But now that gas is near or less than $2 a […]
Posted in Automotive, GM on Mar 5th, 2009
GM’s auditors have raised substantial doubt that the automaker can continue operations, and the company said it may have to seek bankruptcy protection if it can’t implement a huge restructuring plan, the AP reports. “The corporation’s recurring losses from operations, stockholders’ deficit and inability to generate sufficient cash flow to meet its obligations and sustain […]
Posted in Automotive on Mar 4th, 2009
If you own a 1990s-era green Ford Escort, beware. An arsonist in Medford, Ore. reportedly burned three of these cars in the past few weeks. Medford police Sgt. Mike Budreau described the occurrences as “pretty bizarre.” A 1995 green Ford Escort was destroyed by fire Sunday morning after someone broke a window and poured flammable […]
Posted in Automotive, New cars, Research, Used cars on Mar 4th, 2009
Since the majority of a car’s depreciation happens during the first couple years, a lot of car shoppers opt for a used model to save money. But now that new car sales have been so bad recently, dealers are forced to drop the price on new models and offer such huge incentives that the price […]
Posted in Automotive, Financing on Mar 4th, 2009
Who is giving out car loans these days? Ward’s Dealer Business, a magazine for auto dealer professionals, says that smaller banks and credit unions are the ones approving car shoppers for auto loans. “We’re seeing a shift towards more localized, decentralized lenders,” says Mike Kane, senior vice president-client services for CitiFinancial Auto. According to Ward’s, […]
Posted in Automotive on Mar 4th, 2009
February’s car sales numbers are in and one of the big surprises is Ford, with a 48.4% decline over the same month last year. The automaker repeatedly says it doesn’t need any bailout money to make it through 2009, but its February sales percentage drop resembles Chrysler or GM’s average decline over the past several […]
Posted in Automotive, Financing on Mar 3rd, 2009
The Federal Reserve introduced a $200 billion program Tuesday to help lenders make credit available for car loans, student loans, credit cards and small business loans. The program is designed to boost consumer credit, an area of the economy that is struggling badly right now. The Fed said the $200 billion program could generate up […]
Posted in Automotive, Incentives on Mar 2nd, 2009
Until the auto industry picks back up, potential buyers will get some of the best deals in years if they buy a car now. GM, Ford, Chrysler, Toyota, Honda and Nissan offered the highest incentives last month of any February since Edmunds.com started tracking in 2002, reports USA Today. The average discount for all […]
Posted in Automotive, Fuel Prices, Gas Prices on Mar 2nd, 2009
Nitrogen, as an element, is a colorless, odorless, tasteless and mostly inert diatomic gas at standard conditions, constituting 78% by volume of Earth’s atmosphere, according to Wikipedia. Shell is now using nitrogen in its fuel to clean gunk found in gasoline. Shell is offering Nitrogen Enriched Gasolines, containing a unique, patented cleaning system designed […]
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