Diesel and Gasoline Prices Headed Up for 2010, 2011
Energy Information Administration Short-Term Energy Outlook says gasoline will top $3/gal in spring and summer but average $2.84 for 2010. Diesel prices are going up as well on higher global demand.
US Vehicle Decline May Continue Through 2020
The number of US vehicles declined from the 250M peak to 246M in 2009 making it the first such drop since WWII. A variety of economic, social and attitudinal shift reasons about cars could see this decline continue through 2020, resulting in a total 10% decline.
Toyota Market Share, Residuals Hit Due to Recall
The fallout from Toyota's massive recalls has begun to ripple through the industry. Edmunds has lowered its sale forecast for Toyota and reassigned that market share to other automakers. Toyota residual values and used car prices are already feeling the effects, dropping significantly since the beginning of the year.
Insurance Auto Auctions Expands to Portage, WI
Insurance Auto Auctions has a little more presence in the Midwest with the opening of the company's newest location in Portage, Wisconsin. Services include salvage remarketing and storage for buyers and sellers. The new facility is the 20th Midwest location for IAA.
Toyota Reputation, Resale Value Vulnerable
Kelley Blue Book has twice dropped resale values for Toyota vehicles affected by the recent recalls. With safety issues in the spotlight, Toyota faces increasing risks of losing customers and jeopardizing its reputation for quality.
