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GM pushes up start date for Malibu

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Posted in Auto Industry News, Chevrolet

In an unusual move, General Motors has announced that it will be pushing up the scheduled production of the 2013 Chevrolet Malibu, meaning buyers may see the car four months ahead of schedule.

The car was originally slated to begin production in May 2012, but a perceived "hole" in GM's release lineup prompted the company to push the production up sooner to January, according to the Detroit News. Reportedly, new CEO Dan Akerson felt that the company did not have enough guaranteed top sellers being released between now and then, so he asked that changes to the schedule be made to accommodate the Malibu.

"Since Mr. Akerson came aboard, he's challenging us to move faster and this is the latest example," GM spokesman Dave Darovitz told the news provider.

As Chevrolet's midsize sedan contender, the Malibu is one of the top sellers for the company, moving nearly 200,000 units last year alone. A redesign generally tends to boost those numbers even higher.

Chevrolet will unveil the new car next week at the Shanghai Auto Show, with the event simulcast on the company's Facebook page. The car will also be at the upcoming New York Auto Show.

Drivers interested in the new model will still have to wait a bit for the release, so they may want to spring for a used Chevy Malibu from New Jersey State Auto Auction in the meantime. 

Camaro’s power boost to push it past Mustang

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Posted in Auto Industry News, Chevrolet

Throughout the history of the automobile industry, one of the top rivalries has always been the Chevrolet Camaro vs. the Ford Mustang. These two pony cars have gone toe-to-toe since the late sixties, and it doesn't appear the war will be over anytime soon.

Chevrolet revealed today that the new 2012 Camaro will be getting an 11-horsepower upgrade on the V6 model in order to increase its power past that of its rival, the Ford Mustang. However, the Camaro won't sacrifice any fuel economy to do so – still achieving 30 mpgs on the highway. The current version of the Camaro is already outselling the Mustang, so this announcement will likely have the engineers at Ford scrambling to increase the power on their model.

In addition to the performance boost, Chevrolet will also offer a "45th anniversary" edition of the car this summer. This trim level will be mostly cosmetic, with unique badges, a red and silver racing stripe, a black interior with white dashboard and more. Besides this, Chevrolet has redesigned the steering wheel and added an option rear camera.

Drivers interested in a Camaro or Mustang should realize that these cars can be a bit expensive. It might be better to search for a used model from New Jersey State Auto Auction than buy new.
 

Ford goes green with recycled carpets

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Posted in Ford, General Auto News

Drivers who want to go green may consider purchasing a hybrid, or a fuel-efficient hatchback that gets good gas mileage. Or they might just look for a company that uses environmentally-friendly practices when building their vehicles.

Ford recently revealed an innovative idea that has helped them cut down on the carbon footprint that normally comes with building a vehicle. The automaker has revealed that in 2010, they used nearly 4.1 million pounds of recycled carpet – 154 football fields – to make the cylinder heads for vehicles such as the Escape, Fusion and Mustang.

Perhaps best for Ford, the automaker reportedly didn't incur any abnormal costs in using the material.

"We didn’t have to make compromises for this application," said engine sealing supervisor Roy Ford. "With a fixed raw material cost that delivers cost savings compared to oil, along with the green benefit, this application adds to the ways Ford is minimizing our impact on the environment."

The carpet recycling program wasn't the first green practice for Ford, which also uses soy foam seat cushions and recycled blue jeans for sound dampening material.

Drivers interested in a used Ford or any other vehicle may want to consider New Jersey State Auto Auction, which offers a wide range of cars for sale.

Toyota warns dealers of possible shortages

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Posted in Auto Industry News, Toyota

Automakers and dealers continue to deal with the aftermath of the recent earthquake in Japan, and the latest word is that car dealers may be facing some seriously short supplies come summertime.

Up to this point, most of the news revealed by automakers has been with regards to temporary plant closings and stoppages in production. While not a good sign, these announcements did not directly confirm that dealers could expect a shortage of vehicles for the coming months. However, Toyota has released a memo that speaks to exactly that fact.

"Toyota will be producing new vehicles at significantly reduced levels," Bob Carter, group vice president of U.S. sales, wrote in a memo to dealers. "What we don’t know are vehicle production levels for May through July. The potential exists that supply of new vehicles could be significantly impacted this summer."

The memo does it make clear whether the issues are only affecting Toyota or all automakers. Toyota will lose production of at least 35,000 cars and trucks at its North American factories due to stoppages in March and April. It's unclear how many cars will be lost because of production stoppages in Japan.

Drivers interested in a used Toyota or any other vehicle may want to head to New Jersey State Auto Auction soon, before the model that they have their eye on ends up becoming tough to find.

Chevy to recall Cruze for steering wheel issue

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Posted in Auto Industry News, Chevrolet

It seems like something out of a cartoon – a steering wheel coming off in the driver's hands while the car is still moving. Yet that's exactly what happened to one unfortunate Chevrolet Cruze driver – leading General Motors to issue a recall.

The affected driver was reportedly able to get over to the side of the road safely without getting into an accident, but the incident prompted Chevrolet to look into the matter. The automaker found that on a select number of models made at a certain factory, the wrong steering wheel had been initially attached. This issue was later corrected, but the correct steering wheel was not properly fastened in some cases.

GM claims that the recall affects approximately 2,100 vehicles, a relatively small number compared to the size of many recent recalls. However, the problem is serious enough that drivers should take notice. The recall has already begun and drivers have been notified. Dealership service staff will check the wheel and ensure that it is correctly attached to the steering column.

Keeping appraised of the latest recall and safety news can help buyers make a decision between several different models. Once they're ready to test out some vehicles, they should consider New Jersey State Auto Auction, which has a wide variety of cars for sale.

Auto loan spending up in February

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Posted in Auto Loans & Financing News

The monthly report from the Federal Reserve indicates that more Americans are borrowing for "big-ticket" items via boat, education and car loans, while simultaneously decreasing their amount of credit card related debt.

The Federal Reserve's recently released figures, which tracked spending throughout February, are broken down into "non-revolving" and "revolving" debt. In simple terms, revolving debt is anything that's put on a credit card, while non-revolving are long-term loans other than mortgages (typically boat, education, vacation and car loans).

Non-revolving debt saw a big upswing in February, as it increased by more than $10 billion dollars. That was coupled with an $8 billion increase in January. Analysts are pointing to the brisk sales at auto dealerships as one of the primary causes, as Americans are financing their new purchases with auto loans.

On the other hand, credit card debt shrunk by more than $2 billion in February, suggesting that consumers are being careful with their finances. With the two figures combined, debt increased by 3.8 percent, the biggest swing since June 2008.

Drivers who need a car but are still being careful with their financial budgeting may want to come down to New Jersey State Auto Auction. There are a wide variety of models to choose from, and drivers can get car loan financing for the vehicle of their choice with terms that won't break the bank. 

Mercedes A-Class coming to America?

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Posted in General Auto News, Mercedes-Benz

With small cars selling like hotcakes due to high gas prices, many industry analysts are wondering if Mercedes-Benz will release a model to compete with small luxury cars like the Audi A3, Volkswagen GTI and BMW 1-Series. Now that the company has released the first images of its revamped A-Class, the answer just may be here.

The current version of the A-Class isn't available in the U.S., and Mercedes has not made an official announcement regarding the car's future availability in America. However, with the concept version of the vehicle slated to be shown off at the upcoming New York Auto Show, it's a safe bet that the German automaker is at the very least considering releasing the model in the U.S.

As with most concepts, the current design has some exaggerations that won't be present on the final model. Perhaps most notably, the grille is made up of silver hexagons that the automaker says evokes "a star-filled sky." That said, the concept is different enough from the current version of the A-Class that analysts are expecting a major exterior redesign for the model. Mercedes has also confirmed that the vehicle will be powered by a turbocharged four-cylinder engine producing 210 horsepower, which puts it right inline with the aforementioned rivals.

Drivers in the market for a small luxury car might be interested in the used Audis and BMWs available at New Jersey State Auto Auction, as the A-Class is likely still a year or more away from showrooms.

Error at Experian causes artificially low credit scores

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Posted in Auto Loans & Financing News

A computer error at major credit bureau Experian led to many consumers' credit scores being temporarily lowered over the weekend, as they were thought to have overcharged their cards when they really hadn't.

According to MSNBC, data related to the credit limits on several thousand cards issued by HSBC was entered incorrectly, causing scores to plummet. The last two digits of the actual credit limit were apparently left off, meaning that a card with a $2,000 limit was instead reported as having a $20 limit. Obviously, this meant that a vast majority of the users were seen to be well above their limit, a situation that can have dire repercussions for credit scores.

The error occurred on Friday, April 1st, and was apparently not fixed until Monday, April 4th. Users found out about the issue due to credit monitoring agencies, which track scores for any major activity and send out alerts when major changes occur. According to the bureau, the scores should be back to normal now, although those whose reports were requested over the weekend may have been affected.

Drivers who are in need of a car loan should be sure to check their credit report for any inaccuracies before heading down to the dealership. Once they're sure that their score is accurate, New Jersey State Auto Auction can provide assistance with many forms of auto financing.
 

AutoNation posts strong March, urges caution

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Posted in Auto Industry News

Massive car dealership chain AutoNation has posted its sales totals for the month of March, and while cars have been moving quickly throughout the first few months of the year, the company believes that supply shortages due to the Japanese earthquake could slow momentum in the coming months.

AutoNation reported a 19 percent increase in new sales year-on-year, along with a 23 percent uptick in sales overall. While the month was obviously successful and in-line with the strong sales many automakers reported, CEO Mike Jackson urged caution for the next few months as the full impact of the earthquake on production is being ascertained.

"We expect production disruptions will significantly impact product availability from Japanese auto manufacturers in the second and third quarters of 2011," said Jackson.

Still, Jackson said that the aftermath of the quake was "still developing," and it's impossible to predict any hard numbers when it comes to vehicle availability

AutoNation may be one of the bigger dealership chains in the country, but drivers who want really great deals should head to New Jersey State Auto Auction. Those considering a purchase may want to make their move sooner rather than later, as it appears the issues resulting from the earthquake could soon come to fruition and kick off a supply shortage.

AAA: Cost of driving up compared to last year

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Posted in General Auto News

A new study released by AAA has revealed that the cost of driving has risen in the past year, as drivers are now paying more for fuel and tires.

The annual study, entitled "Your Driving Costs" found that the overall price of owning and operating a vehicle increased by 3.4 percent in 2011. Although the cost for maintenance work and insurance was down, prices for fuel and tires were up. In addition, vehicles began to depreciate at a faster rate – a cost that the organization says many drivers overlook.

"The 2011 rise in costs is due to relatively large increases in fuel, tire and depreciation costs as well as more moderate increases in other areas," said John Nielsen, national director for AAA.

Specifically, fuel costs were up 8.6 percent, despite a rise in fuel economy for the most popular vehicles. Tire prices increased a whopping 15.7 percent, and drivers lost nearly 5 percent more due to depreciation.

Drivers who want to keep their costs down may want to consider purchasing a used car from New Jersey State Auto Auction. These vehicles won't depreciate nearly as fast and will also cost a lot less than buying new.