Survey: Americans holding off on Volt, Leaf

There's been a lot of hype surrounding electric vehicles such as the Chevrolet Volt and Nissan Leaf, but a recent survey reveals that the cars have a long way to go before they're fully accepted by the American public.

The poll, organized by USA Today and Gallup, found that 57 percent of Americans will not by an electric vehicle, no matter how high fuel prices rise. The skyrocketing cost of gas has caused many to consider the vehicles, but the poll makes clear that there's a limit on just how many consumers will be swayed by the electric argument.

Edmunds CEO Jeremy Anwyl said that the models "find acceptance among a core group of passionistas, but too many questions remain for mainstream consumers." Concerns for many drivers include arrange, charge time, and the cost of energy the drivers will incur through charging the vehicles. In addition, the models are quite pricey to start out with, even after a $7,500 federal tax credit is factored into the equation.

Drivers who want to hold off on purchasing electric vehicles may want to consider used cars instead. New Jersey Auto Auction offers a wide range of cars for sale, including some of the more fuel-efficient models on the market today.

DOT releases new window stickers

The Department of Transportation, in conjunction with the Environmental Protection Agency, have revealed new winder stickers that will provide buyers with more information on the fuel efficiency and emission of the vehicles they're purchasing.

Set to debut on new models in 2013, the new stickers mark the first time that information for electric vehicles will be included. Specifically, charge time and range are detailed, along with an easy conversion that allows drivers to compare the models with gas-powered vehicles.

"Today's car buyers want the best possible information about which cars on the lot offer the greatest fuel economy and the best environmental performance," said EPA administrator Lisa Jackson. "The new labels provide comprehensive information to American car buyers, helping them make a choice that will save money at the gas pump and prevent pollution in the air we breathe."

Beyond that, the stickers go into more detail than their predecessors, predicting things like average fuel costs each month. The stickers will also be readable by smartphones, allowing drivers to instantly connect online to get more information about a particular vehicle.

Drivers interested in a fuel-efficient vehicle may want to consider New Jersey State Auto Auction, which offers a wide range of high-MPG cars for sale.
 

Ford unveils heart-sensing seat technology

Vehicle technology is becoming increasing sophisticated, and most cars can already detect when there is some type of problem with the engine or powertrain. So, what about detecting an issue with the driver?

Ford has been doing extensive research in that area, and recently unveiled a new driver's seat that will be able to detect a passenger's heart function. Through the use of six small sensors, the seat is able to detect electrical pulses from the heart without touching the skin.

The seat can then pass that information on to the car's computer system, which can take appropriate action. For example, if signs of a heart attack are present, the car may automatically disable and notify a local medical center before any damage is done.

"As always in medicine, the earlier a condition is detected, the easier it is to treat, and this technology even has the potential to be instrumental in diagnosing conditions drivers were previously unaware they had," said Dr. Achim Lindner, a medical officer at the Ford research center.

It is widely believed that former professional wrestler "Macho Man" Randy Savage recently died as a result of a heart attack which led to an accident, exactly the kind of situation that Ford is looking to prevent through this new technology.
 

BMW CEO details disappointing 5-Series GT sales

BMW North America CEO Jim O'Donnell has admitted that he's "disappointed" in the slow-selling 5-Series GT, which was designed as a replacement for the company's 5-Series station wagon.

In comments to Automotive News, O'Donnell said that the new version of the 5-Series has not attracted the customer that the company hoped. Designed to resemble a cross between a coupe and a large hatchback, the polarizing styling has put off some drivers, something that has hurt the automaker's sales.

"The disappointment I have is that I thought a lot of our 5-Series station wagon customers would go with the GT," O'Donnell told the news source. "In point of fact, that is not happening. We have lost those customers to the competition – mainly to Mercedes-Benz."

Besides the fact that the car isn't selling well, the sales that it is generating aren't necessarily good ones. O'Donnell commented that the GT was drawing a lot of buyers away from the 7-Series. The two vehicles are built on the same platform, but the GT is $13,000 cheaper while only adding a bit more bulk. That means the company is losing potential sales for the more expensive model.

It appears that the 5-Series GT will go the way of the dodo soon, but that doesn't necessarily mean it's a bad vehicle. Drivers who are interested in purchasing a used BMW may want to consider waiting for the GT to begin hitting the pre-owned market.

Which minivan is right for you?

The minivan segment has been in decline as of late, with many families electing to switch over to crossovers and SUVs rather than stick with the "mommy van." Automakers have obviously noticed the lagging sales, but have just recently began to do something about it.

When all is said and done, 2011 may just be remembered as the "year of the minivan," as all the major models got redesigns for the year. With at least six brand-new cars for sale to choose from, it can be understandably tricky for a family to pick the one that's right for them.

That's why Cars.com partnered up with MotorWeek and USA Today for the first ever "Ultimate Minivan Shootout," a rigorous three days of testing that would decide which model rose to the top. A selection of auto experts from the three publications as well as a family of five all tested the Dodge Grand Caravan, Honda Odyssey, Chrysler Town and Country, Toyota Sienna, Nissan Quest and Volkswagen Routan over the three days. Each were given a comprehensive scorecard, with all the pros and cons converted to numerical figures
and tallied up. All minivans were similarly equipped and retailed for less than $45,000.

While they eventually came up with a clear winner, no model was deemed completely worthless. The reviewers didn't like the Toyota Sienna, as it came in last place, but they praised its smooth ride, excellent performance and available all-wheel drive. The Dodge Grand Caravan, in fifth overall, was deemed an excellent value – its $34,000 price tag made it much cheaper than the other cars on the list.

The Routan was similarly priced as the Grand Caravan, but held a number of advantages – like a rear-seat DVD and second-row seating. That was enough to earn it fourth place overall. And in third place, the Nissan Quest was deemed the best of the bunch by two of its reviewers – but its lack of standard features and odd styling ultimately held it back.

Things got close at the top of the list, but the Honda Odyssey ultimately beat out the Chrysler Town and Country to win the shootout. Both vehicles were praised, with reviewers and family alike praising Chrysler's luxurious interior and the Odyssey's extensive features.

Of course, drivers should keep in mind that these are only the results of one test. Earlier this year, Edmunds Inside Line ran a very similar test with some wildly different results. With performance more of a factor, the Sienna actually ended up as the best overall, with the Quest and Odyssey tying for second. The two American models brought up the rear, and the Routan wasn't even tested.

If you're looking to buy a used minivan, you might want to head down to New Jersey State Auto Auction. They have nearly every model available, and you can take your time and do your own minivan shootout to see which you like the best.

Honda Civics recalled for fuel line issue

Several new 2012 Honda Civics have already been recalled due to an issue during manufacturing resulted in improperly-installed fuel lines.

Honda announced that it was bringing back more than 1,500 vehicles, which were only produced several weeks ago. The 2012 redesign of the Civic only recently went on sale, so it's a bit unusual for a recall to be issued so quickly.

The only vehicles affected by the change were 2012 models produced between April 21st and May 2nd. Honda became aware of the issue when an employee at the company's factory reported a smell of gasoline coming from one of the cars.

Apparently, the fuel lines can become dislodged in the vehicle. If left unchecked, this could start a small fire. Fortunately, no injuries have been reported as a result of the defect.

In fact, the problem may not affect that many owners. Since the car just went on sale last month, a good portion of the models are likely still sitting at the dealership. For example, of the 337 cars recalled in Canada, only 2 had actually been purchased. Honda has not revealed how many were sold in the U.S. so far, but has already notified the owners.

Chevy to ramp up Volt production

Chevrolet has announced plans to ramp up production on its electric-hybrid Volt after a factory overhaul.

In order for the factory, located in Detroit-Hamtramck, to prepare for the changes, GM will close the factory at the beginning of June for at least four weeks. However, the lost production time will be made up immediately in increased efficiency. When all is said and done, the plant will actually produce 1,000 more Volts this year than the originally planned total of 15,000.

While the changes will have an effect on production this year, GM is really looking toward the future. Production for Volts has been increased for 2012 from 45,000 to 60,000. In addition, the factory will also be responsible for manufacturing the 2013 Malibu, beginning next year.

The move is largely seen as a reaction to the growing demand for fuel-efficient vehicles. The Volt has been available for some time, but has still only been released in limited markets. The increase in production is a sign that the car is catching on and GM is putting its full support behind the electric vehicle.

Recent news about the Volt from Kelley Blue Book suggests that the $41,000 will retail for about $17,000 if bought used in three years, so drivers may want to wait until they hit the used car market before making a move. 

High used car prices make it an excellent time to trade

A lack of used cars has led to dealers willing to pay very high prices for models, making it one of the best time in years to sell a car.

The Associated Press reports that more drivers held onto their cars during the recession, meaning that the normal cycle of buying a new car and then selling it to a used dealer was considerably disrupted. Used car dealers are now beginning to feel the effects, and are thus paying higher prices simply to fill up their lots.

According to data from the National Automobile Dealers Association (NADA), dealers are paying an average of $11,660 for cars. That represents a near 30 percent increase since December 2008.

"You're not going to find a situation like this very often," Jonathan Banks, executive auto analyst for NADA, told the news source.

NADA's data isn't an anomaly by any means. Manheim, which is one of the biggest auto auction companies, has been tracking used car prices since 1995 with their monthly vehicle index. Chief economist for the company, Tom Webb, says that prices this year are the highest in the history of their tracking.

The chief reason is the fact that buyers are holding onto their vehicles for longer. During the recession, most drivers couldn't afford to purchase a new vehicle. Instead, they opted to hold onto their current car. In addition, many people decided to buy used cars rather than new ones. That continued activity has led to a dwindling supply of cars for used car dealers. Anyone who's taking a basic economics class can predict what happens next. With little supply of used cars over a number of years, dealer demand has built up to the point that they're willing to pay high prices for the vehicles.

According to data from Polk Research, the average age of a car on the road is now 10.6 years, up from 9.8 in 2007. That can partially be attributed to the economy, but another factor is that cars are simply lasting longer. Automakers have really stepped up their long-term reliability, meaning it's not necessary to switch models every few years.

That said, there's no telling how long these good prices will last. Manheim predicts that prices will fall off again in approximately two months. Leasing also became more popular during the recession, so the end of three-year leases will likely mean a large influx of used cars.

If you're looking to trade your vehicle, New Jersey State Auto Auction is a great choice. They offer fantastic prices that are often well above the Kelley Blue Book value and can get you a great deal on a new car as well. 

KBB predicts resale value for Chevrolet Volt

Buyer beware if you plan on springing for a new Chevrolet Volt: new info from Kelley Blue Book suggests that the car will likely have a pretty low resale value.

According to the used car pricing guide, the $41,000 car will drop down to $17,000 after three years of use, which is the length of an average lease. That means the car retains 41 percent of its value after three years. Compare that to something like the Toyota Prius, which averages about 46 percent of its value, and the car doesn't look so good by comparison.

However, if you factor in the $7,500 federal tax credit, things work out a little better for buyers. Then the purchase price is $33,500, meaning the Volt beats the Prius with 51 percent of its value retained.

The used car guide's prediction makes the assumption that gas will remain at $4 per gallon in 2014. Indeed, the car's value seems to be tied directly to fuel prices. If gas prices were to rise even more between now and then, it's likely the Volt would be valued more highly. Conversely, if people end up paying less for gas, they won't have much incentive to buy a Volt.

Of course, smart shoppers can also take advantage of this fact. If you hold out on purchasing the Volt now, you can score on its low price once they start to hit the used car market. 

Report: Japanese automakers stand to lose sales because of earthquake

New research shows that Japanese automakers stand to lose nearly 200,000 sales to competitors due to the lingering effects of last month's massive earthquake.

Toyota, Nissan and Honda are still dealing with supply chain issues as they try to source parts from manufacturers that were badly damaged by the quake. That's led to a major production slowdown that is affecting their ability to deliver vehicles to the U.S.

Because of this, a new A.T. Kearney report sees U.S. buyers turning elsewhere. In total, the Japanese manufacturers could lose 193,000 new car sales to competitors from the U.S. and Europe. That may sound like a drop in the bucket when the total sales for the year is projected to be above 13 million, but given the extremely competitive nature of the auto industry, the difference is significant.

"It's a pretty big deal in a very highly competitive market," said Dan Cheng, A.T. Kearney's automotive branch head.

New car prices continue to be high because of the limited supply in the wake of the earthquake and high gas prices driving up demand for fuel-efficient vehicles. Drivers looking to save money should head to New Jersey State Auto Auction and shop used cars, which are typically much cheaper.