Insurance Institute for Highway Safety and Consumer Reports recommend that risky teenage drivers be restricted to vehicles other than performance/sports cars, pickups or SUVs. Vehicles driven by teenagers should include maximum safety equipment. Electronic stability control which won't be required until MY2012 is considered the most effective safety feature.
Carfax has added a History impact feature to its Vehicle History Reports so dealers can accurately adjust used car values for their individual history. The Carfax History Impact can give dealers new insight about the market value to help stock the right vehicle at the right price.
PHH Connect provides 24/7 connectivity with services and call centers to deal with accidents, maintenance and enter mileage data. The Mobile application is designed to run on Apple® iPhone, Android™ and Windows Mobile handheld platforms.
Kelley Blue Book analysts says some buyers are buying used entry-level luxury models rather than succumbing to automaker incentives, boosting the used-car luxury market. Also compact cars are doing better than their midsize or fullsize counterparts.
Experts say new-car incentives are slowing down the once-steady increases in used-vehicle prices. Average used price is about 58% of average new-vehicle price. When that number goes over 60%, consumers often lean toward purchasing a new vehicle.