Automobile Accidents Number One Cause of Teen Deaths
A study conducted by State Farm Insurance and the Children's Hospital of Philadelphia identified the three primary causes of teen accidents. 21% of accidents studied were caused by failure to scan and assess hazards, 21% were driving too fast for road conditions, and 21% were from a distraction either inside or outside the vehicle. Not considered primary factors in teen accidents were environmental conditions such as weather or aggressive driving.
Used Days’ Supply Down, Prices Up
CNW Research expects the April used-vehicle sales total to jump 10 percent. President Art Spinella also predicted retail prices should edge upward because of short supply. Overall, CNW thinks April's used-vehicle sales total could reach 3.6 million. The figure for the same month a year ago was 3.286 million.
Assessing Effect of Rising Fuel Costs on Used Vehicle Market
Experts are looking back to the 2008 gas-price spikes to judge used-vehicle values as fuel prices continue to climb now. KBB says hybrids and small-car prices are jumping upwards of 10% while full-size trucks are holding their own.
Fast EV Charging Comes at Steep Price
Although fast charging, also called Level 3 charging, faces obstacles such as high prices and uncertain standards, it could make EV charging much more convenient. That could help pave the way to broader use of EVs. Level 3 chargers provide 480 volts and recharge a battery to 80 percent of full charge within 30 minutes, although charger companies are targeting shorter times. Other EV charging options are less expensive but take longer.
Small-Car Inventory Could be Tight for Dealers
Auto sales could slip this month as higher fuel prices send consumers looking for small cars that will be in tight supply. Some automakers are struggling with production following the Japan earthquake and tsunami.
