Edmunds has a handy 10-step checklist for leasing a car, but maybe we need to add a footnote: calculate the cost of insurance. It appears that some consumers are so focused on a monthly lease payment that allows them to get more car for their money that they're forgetting to budget for the costlier insurance that could come with it.
A new AAA study shows nearly 17% of fatal crashes involves a drowsy driver. That could be five times higher than previous studies suggested. The study is released in support of Drowsy Driving Prevention Week.
Panelists at the National Remarketing Conference highlighted business trends including reconditioning changes, CPO vehicles, repossessions, selling platforms (physical auction and online) and pricing. Bank of America, ARI, Mercedes-Benz, and GM were represented on the panel.
Sugarcane grown in California and refined at a refinery in the state's Imperial Valley could be a viable alternative to the controversial corn-based ethanol, and be a source for the fuel much cheaper than paying tariff fees on imported sugarcane ethanol. This ethanol will meet California's low carbon fuel standard - a standard that was heavily supported by voters turning down Proposition 23 on election day.
NADA analyst Jonathan Banks sees mixed messages in the used-vehicle market. On one hand, the auto industry is showing signs of vibrance, but consumers are not as optimistic, due to unemployment and worries over another recession.