Manheim Index Soars to New Record
The Manheim Used Vehicle Value Index hit 127.8. That's up 5.6% from last year and a new record. Experts cite leaner inventories in the new-vehicle market and healthy demand in the used-car market.
Ford Plans Lincoln Makeover
Now that Ford has escaped from the grip of recession and projects a doubling of vehicle sales by mid-decade, the second-largest U.S. auto manufacturer is making the revival of its ailing Lincoln luxury brand its top priority. Later this year, Ford will begin a sweeping makeover of the 96-year-old brand to give staid Lincoln a new identity as a producer of high-tech, understated luxury cars.
Parking Goes Green
Green technology is sprouting throughout the parking industry. Multiple systems now use sensors to keep track of where spaces are filled and empty and instantly display the information on signs that guide drivers to the nearest open stall. This technology and many others were previewed at the recent convention of the International Parking Institute.
Stop-Start Technology Smart Short-Term Solution
"Stop-start" technology has been big in Europe and is making its way to the U.S. market. The system automatically cuts off gas-powered vehicle engines while idling, increasing fuel efficiency 5% to 12%. Although not as exciting as hybrid or electric vehicles, suppliers like Johnson Controls are finding them to be profitable short-term opportunities.
