Average Car Loan Length Reaches 69 Months
The average repayment period for a new car has reached nearly six years in the United States. An average buyer now finances more than $30,000 on the purchase of a new car.
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Ford Pickups Top Unit Sales in June as GM Gains Share
Ford's F-Series pickups once again led the sales race in June, with total unit sales of 77,895. GM's Chevy Sierra added nearly three points of market share, however.
Jeep Sales Drop 11% in June, FCA Sales Dip 7% Overall
Fiat Chrysler June sales fall 7% as Jeep brand dipped 11% and Chrysler dropped 15%. Ram pickups helped save the day, along with other trucks under the Ram brand.
GM June Sales Down Nearly 5% on Soft Pickup Total
General Motors' June sales slipped nearly 5% as sales of pickups declined. Passenger car sales were also lower and Cadillac brand sales fell nearly 12%.
Ford June Sales Down 5%, Better Than Feared
Ford's June sales fell about 5% year over year. That was a better-than-expected performance, but the company's passenger car sales plunged more than 20%.
Tesla Receives Regulatory Approval to Build Model 3
Tesla's future relies on its ability to mass produce cars for the middle class. It has received regulatory approval to begin to build its Model 3.
Faulty Brakes Force Volkswagen Recall of 385,000 German Cars
German authorities have ordered a recall of 385,000 Volkswagen, Audi and Skoda cars to fix a software problem with the cars' braking systems that could cause the brakes to function improperly in some conditions.
MIT and the Perfect Flying Car
Anxiety about the safety of a new generation of flying cars is that they are ill-suited to both drive on streets and effectively maneuver in the air. Combining the technologies to do both in…
Chrysler Market Share Expected to Drop Below 1%
Kelley Blue Book data show just how much trouble Fiat Chrysler is in. The storied Chrysler brand will suffer a market share drop to less than 1% of the U.S. auto market.
Most Americans Can’t Afford a New Car
Americans with a median household income in 24 of 25 major U.S. cities cannot afford to buy a new car.
Ford’s Recall Reaches as Far as Police Interceptors
Ford has reported that it will begin conducting multiple recalls on Wednesday, some being especially far-reaching.
More Bad News for Ford After Massive Recall Announced
Ford is facing more problems on the domestic front after the car manufacturing giant announced a safety recall for approximately 400,000 vehicles to replace the driveshaft flexible coupling.
A $71,000 Dodge Hellcat Joins the US Muscle Car Lineup
FCA has introduced a new Challenger Hellcat Widebody for 2018 into the U.S. muscle car category.
Avis, Hertz Deals With Google and Apple Ratchet Up Self-Driving Competition
Avis Budget Group Inc. (NASDAQ: CAR) and Hertz Global Holdings Inc. (NYSE: HTZ) jumped into the self-driving sector as the car-rental companies forged deals with Google Inc. and Apple Inc., respectively, intensifying the competition…
Has Tesla Got Enough to Fund Its Model 3?
Tesla is looking for funding again. This is the second time in roughly six months that Elon Musk is trying to power his electric car.