AAA: <b>Car</b> Ownership <b>Costs</b> Dip Slightly - KickingTires |
- AAA: <b>Car</b> Ownership <b>Costs</b> Dip Slightly - KickingTires
- GM offers employee <b>pricing</b> on replacement <b>cars</b> - CNBC.com
- Used Luxury-<b>Car Prices</b> Fall Again in April, Mainstream Models Rise <b>...</b>
- Used <b>Car</b> Demand Keeps <b>Prices</b> High in First Quarter - Toyota Motor <b>...</b>
| AAA: <b>Car</b> Ownership <b>Costs</b> Dip Slightly - KickingTires Posted: 09 May 2014 08:44 AM PDT We hear a lot about prices of things going up, but we don't often hear of things getting cheaper. But that's exactly what's happened, as the average cost of owning a sedan in the U.S. fell 1.64 cents to 59.2 cents a mile, or $8,876 a year — a 2.7 percent dip. That's according to AAA's annual Your Driving Costs study, released today. The study assumes 15,000 miles of annual driving and considers the variable operating costs of fuel, maintenance and repair, and tires, as well as insurance, license and registration fees, taxes, depreciation and finance charges. More Maintenance News on Cars.com The price break comes despite increases in the costs of maintenance and registration fees. Lower fuel costs during the fourth quarter of 2013 were a big contributor to the decline. Car owners' gas expenses on average fell just over 10 percent to 13 cents a mile as the average cost of regular gasoline went down nearly 6 percent to less than $3.28 a gallon from nearly $3.49. That reduction, naturally, works in tandem with the continually improving fuel economy of cars overall. As for other factors affecting owners' car costs: Maintenance costs were up 1.81 percent to 5.06 cents a mile for parts, labor and warranty costs; tire costs dipped 3 percent to 0.97 cents a mile after several years of increases due to rising expenses for raw materials, energy and transportation; annual insurance costs for a low-risk driver with a clean record went down $6 to $1,023; and annual vehicle depreciation dropped $61 to $3,510. Broken out individually by vehicle type, operating costs according to the 2014 study are:
This is the 64th year AAA has conducted the Your Driving Costs study. The first study, in 1950, was based on 10,000 miles a year and the cost per mile was 9 cents; gas at that time was 27 cents a gallon, according to AAA. AAA image  |
| GM offers employee <b>pricing</b> on replacement <b>cars</b> - CNBC.com Posted: 06 May 2014 08:29 AM PDT How much does employee pricing save? Cain said he'd "prefer not to" reveal that but confirmed that the prices are generally under invoice, and — a crucial detail — owners can pile any existing cash-back offers on top of them. "They have to have a recalled vehicle in their household, and it doesn't require a trade (in)," Cain said. "It becomes a no-haggle price, but you are eligible for other discounts that might be in the market. ... You'd get employee price plus any additional cash." More from USA TODAY: Though it sounds tempting, it's unclear if typical owners of the 2003 to 2011 cars —especially the older models— would be able to afford, or qualify for, new-car loans. The cars often are on second or third owners, either people who can't afford more than the few thousand dollars for, say, a 2005 Chevrolet Cobalt, or who use them simply as "beaters" — essentially, spare cars or ones used for chores or daily commutes instead of newer cars. The recalled models that wind up being traded-in for other vehicles at a GM dealership have to be checked for all recalls and have all recall repairs made before they're resold, says GM spokesman Greg Martin. That's part of the dealers' franchise agreement with GM. "We don't expect a lot of trade-ins, and for those that are traded, we have no special plans. There always is a market for low-price, high-mileage used vehicles," Martin said. He said GM continues to forecast an October completion for the recall repairs. Among the most attractive offers are up to $1,500 off certain 2014 Chevrolet Cruzes and $2,500 off 2014 Chevrolet Malibu sedans, as well as up to $4,750 and $3,750 off 2014 Chevrolet Silverado and GMC Sierra 1500 pickup trucks, respectively. Buick, meanwhile, offers up to $1,500 off the LaCrosse or Enclave. Subtract those amounts from the employee pricing, and you could see serious savings on a new car. If affected drivers want a used GM replacement, the automaker will offer $500 off the purchase of a GM certified pre-owned vehicle, Cain said. --By Kelsey Mays, Cars.com/USA Today |
| Used Luxury-<b>Car Prices</b> Fall Again in April, Mainstream Models Rise <b>...</b> Posted: 23 Apr 2014 07:52 AM PDT Luxury models again dominated the list of used cars with the biggest price drops, with nine of the cars in this month's top 10 from traditional luxury brands. Hyundai's full-size Equus sedan — a luxury car from a non-luxury brand — took the 10th spot. Luxury models have made up the majority of cars in the top 10 every month so far this year. The average asking price for Land Rover's flagship Range Rover SUV dropped the most in April, falling 4 percent ($2,871). The Audi A3 and Mercedes-Benz CLS-Class round out the top three with price drops of 3.1 percent ($752) and 2.9 percent ($1,730), respectively. The list of cars with the biggest April price gains was considerably more varied, with everything from heavy-duty pickup trucks to an electric car. The Chevrolet Express 1500 full-size van had the largest jump in asking price with a 2.9 percent ($594) increase. Close behind were the GMC Sierra 3500 and Nissan Leaf, which were up 2.6 percent ($1,158) and 2.5 percent ($488), respectively. After a couple months of mostly static average used-car prices, asking prices ticked up in April. Late-model used-car prices were up .75 percent ($175) from the prior month to $23,418. The increase might be a reflection of more shopping activity as the spring selling season begins following a long, cold winter in many parts of the country. The charts detail used cars from the 2011 to 2013 model years with the biggest price drops — as well as those with the biggest gains. To be eligible for the lists, a model had to have at least 250 cars in Cars.com's national inventory. Source: Cars.com used-car listings, 2011 to 2013 model years Cars.com photo by Evan Sears |
| Used <b>Car</b> Demand Keeps <b>Prices</b> High in First Quarter - Toyota Motor <b>...</b> Posted: 05 May 2014 07:25 AM PDT Sales of used vehicles slipped 6.7% in the first quarter of 2014, from 9.8 million units in the year-ago quarter to 9.1 million units this year. Franchised sales were up 11% at 2.8 million, with the decline coming from private party and independent dealer sales, which were down 11.4%. The average retail price for a used vehicle at franchise dealers was $16,090, up 1.4% sequentially and up 1.7% year-over-year for the quarter. Even with higher volume, franchise dealers were able to keep the price higher, indicating that demand for used vehicles remains high. The data come from auto industry research firm Edmunds.com. New vehicle sales totaled about 29% of the market in the first quarter, compared with 71% of sales for used vehicles. That is a sequential rise from 68%, but down from 72.6% in the first quarter of 2013. The top five auto sales segments by market share are midsize cars (9.4%), compact cars (9.3%), large trucks (7.4%), entry-level luxury cars (7.1%) and midrange luxury cars (6.2%). The leading model by first-quarter sales in each of these segments is:
ALSO READ: Toyota Camry Holds Spot at No. 1 Car in America The largest change in market share among the top-selling models came in the entry-level luxury SUV category, where the Lexus RX 350 from Toyota Motor Corp. (NYSE: TM) rose to 10.8% share. All top five categories with the largest positive share changes were SUVs. The RX 350 was followed by the Honda MDX (10.5%), Honda CR-V (5.2%), Chevrolet Equinox (4.5%) and Chevrolet Acadia (3.8%). The largest quarterly declines in market share came in these segments:
The analysts at Edmunds.com expect new car sales and leasing to remain strong in the second quarter, easing demand for used vehicle inventory. Low borrowing costs and advantageous leasing deals could boost new car sales. For used vehicle sales, Edmunds.com says lower income consumers are staying out of the market during the uneven economic recovery, especially in private party sales and at independent dealers. |
| You are subscribed to email updates from car prices - Google Blog Search To stop receiving these emails, you may unsubscribe now. | Email delivery powered by Google |
| Google Inc., 20 West Kinzie, Chicago IL USA 60610 | |
No comments:
Post a Comment