Fuel Prices Help Drive Depreciation Rates
AAA has released its 'Your Driving Costs' study with some surprising results. The small car craze that started two summers ago is now affecting residual values. Compact cars may actually be gaining in value compared to last year, while depreciation rates for SUVs and other less fuel efficient vehicles are accelerating.
Drivers, Automakers, Regulators Questioning Electronic Controls
There is no doubt that cars and trucks are safer than ever. Traffic fatalities continue to drop each year despite having more vehicles on the road. Much of this improvement is due to ABS brakes, electronic stability control, airbags, and a host of other electronic systems. AOL Autos? Kevin Ransom explores how recent unintended acceleration on a number of Toyota models has sparked a debate about the safe dependence on these systems. So far the solution seems to be more electronic systems.
KBB Bullish on Used-vehicle Sales Outlook
Kelley Blue Book says used-vehicle values grew in March for all segments. The March numbers are usually strong, but KBB says this March exceeded traditions. Overall, used-vehicle values were up 2.2%, much higher than the 0.5% from March 2009. Domestic vehicle values were up almost twice as much as imports.
Federal Fleet Guided on Reducing Petroleum Use and Emissions
The U.S. Dept. of Energy has released its Federal Fleet Management Guidance under President Obama's executive order. It's the first comprehensive guideline addressing the environmental impact of the federal fleet, with the target of reducing petroleum use by 30% by 2020 and switching to lower emissions vehicles and alternative fuels.
March Manheim Index Hits Record High
The March Manheim Used Vehicle Value Index hit 119.9 to set a record high and post the fourth straight monthly increase. It's also 13% higher than March 2009. Manheim economist Tom Webb cites high tax refunds and improved credit availability for the surprise numbers.
