Fleet Testing of 2011 Pre-Production Ford Super Duty Trucks Going Well
Fleets testing pre-production 2011 Ford Super Duty trucks are pleased with results after averaging 22K miles. Improved fuel-economy, less noise, added power, off-road maneuverability, Sync communications and B20 compatibility are highlights of fleet praise for test trucks.
Acquisitions Boost Santander Loan Portfolio
Santander Consumer USA is quickly ramping up its market penetration in the U.S., especially in used-vehicle auto loans. In addition to originations, the company has been quietly buying up auto loan portfolios and making servicing deals and origination deals with such companies as Chrysler, Triad Financial, CarMax, HSBC and in the most recent multibillion-dollar deal, CitiFinancial Auto.
Auto Sales Up from Last June, Down from May
While fleet sales serve an important purpose for Detroit automakers, they could account for a good portion of June sales figures, masking weak demand from retail customers. Still, June sales expected to be up 13 percent from June, 2009.
Return to Leasing Brings New Cars to Less Affluent Consumers, Higher Sales to Automakers
Credit markets opened up again in early 2010 resulting in a return to leasing for younger and subprime consumers seeking lower monthly payments. The increased churn of new vehicles, improved brand loyalty from always driving newer vehicles, and other factors encourage struggling automakers to promote leasing.
Proper Tire Inflation Essential to Safety, Fuel Economy
The U.S. EPA is reminding motorists of the importance of proper tire inflation to safe vehicle operation and fuel efficiency. Half of vehicles have underinflated tires which reduce loads, fail to grip while cornering and reduce fuel economy 0.3% for every 1-pound drop in air pressure for each tire. This can result in a cost of 8-9 cents/gallon for severe underinflation.
