November sales numbers show market share of SUVs and crossovers reached the highest percentage in eight years. Analysts cite improved fuel economy, stable fuel prices and pent-up demand.
Start-up electric car companies and technology component suppliers have been a great opportunity for several executives and engineers shaken out of the Detroit-3 during the epic economic meltdown. Federal funding helped grease the skids as nearly $3 billion in loans and grants helped firms developing electric, hybrid-electric, and alternative-fuel vehicles gain momentum.
CNW Research?s Art Spinella, TrueCar.com?s Jesse Toprak, Kelley Blue Book?s Alec Gutierrez, and Edmunds.com?s Joe Spina see positive gains occurring that they anticipate bolstering used vehicle sales in 2011. Access to credit, pent-up demand, and slow improvements in the economy are bright spots pointed to by analysts.
The Ford F-150 is the most researched vehicle on CarMax.com for 2010, ending the Honda Accord's 4-year reign as the leader. Every vehicle on last year's Top 10 list will return, including the Chevy Tahoe, which moves from #3 up to #2.
A new smartphone app is available for owners of 2010 and 2011 Ford Motor Co. vehicles equipped with the SYNC system offering traffic and navigation information. Ford launched the free mobile app that works with Apple and Android-based devices. Blackberry smartphones will be able to use the app in the near future.