Used Car Trade-In Values Make Now A Good Time To Buy

It's no secret that you can trade in your current vehicle and use the funds toward your next purchase, and the value of your used vehicle may be higher than you think, due to a waning supply of used models coupled with an increased demand. A report by the National Automobile Dealers Association (NADA) indicates trade-in values have been climbing lately.

"Higher trade-in equity on used vehicles will help facilitate the release of pent up demand for a growing number of consumers making the jump off the sidelines and into a vehicle purchase," said Jonathan Banks, executive automotive analyst with NADA Used Car Guide. "The equity position that consumers find themselves in today is better, and in some cases, dramatically better than it was three years ago."

The association provided a few examples to highlight just how much more consumers can get out of their trade-ins. In 2009, a three-year-old Hyundai Elantra had an average trade-in value of about $5,000. This year, the value of a three-year-old Elantra is nearly $8,900 – a 77 percent difference. Not all models saw as drastic of a change. The Honda Accord, for example, only saw a 16 percent jump in trade-in values between 2009 and 2012.

Drivers who have been thinking about trading in their current car for a new ride can take advantage of the added value and put it toward the purchase of a used model. New Jersey Auto Auction accepts trade-ins, and the dealer offers guaranteed credit approval to help fund the rest of your purchase. With a wide selection of makes and models to choose from, you'll have no trouble finding a suitable used ride to replace your former set of wheels.

Parents’ Driving Behavior Influences Teen Motorists

Teen drivers are four times more likely to get into accidents than older motorists, which is why it is so important that they learn safe driving habits from the start. However, a recent survey conducted by Students Against Destructive Decisions (SADD) and Liberty Mutual Insurance found that teens' primary role models -their parents – are engaging in risky driving behaviors and this could be influencing new drivers to make bad decisions behind the wheel as well.

The survey included responses of more than 1,700 teens across the U.S., and many reported they have seen their parents speeding (88 percent), texting while driving (59 percent), not wearing seatbelts (47 percent) and even driving under the influence of alcohol (20 percent). Roughly two-thirds of surveyed teens indicated their parents expect their kids to follow the rules of the road even though they don't. As a result, the majority of teen drivers reported they have texted behind the wheel, driven over the speed limit and broken other rules of safe driving.

"The best teacher for a teen driver is a good parental role model," said Stephen Wallace, senior advisor for policy, research and education as SADD. "Parents and teens should have an active and ongoing dialogue about safe driving behavior and take the conversation one step further by signing a Parent/Teen Contract. But parents have to demonstrate good driving behavior from the onset so new drivers understand that safe driving rules apply to everyone equally."

In addition to adopting safe driving practices, parents can also help their teens stay safer on the road by helping them find a reliable used car. New Jersey State Auto Auction is an ideal destination for new drivers looking to buy vehicles. Not only are the many available makes and models affordably priced, each one is also CARFAX certified, so drivers and their parents know the car they buy is reliable.

Honda CR-V Rated Best Among Compact Crossover SUVs by Kelley Blue Book

Kelley Blue Book recently assessed a number of compact crossover SUVs to determine which stood out from the crowd and Honda's CR-V rose to the top. The KBB team performed a series of tests to really get to know each of the vehicles in review, including the Chevy Equinox, Ford Escape, Toyota Rav4 and Mazda CX-5. They examined comfort, cargo space, functionality of infotainment systems, fuel economy and many other aspects of each model.

"In KBB.com's recent comparison test of new compact crossover SUVs, the Honda CR-V emerged as the clear winner and demonstrated why it has become one of the best-selling vehicles in America in recent years," said Jack R. Nerad, executive market analyst for Kelley Blue Book. "Car shoppers continue to embrace the growing compact crossover SUV class, finding that their perfect balance of utility and economy delivers just what consumers both need and want in their next new vehicle. The Honda CR-V takes first place for its blend of smooth ride and power, competitive fuel economy, outstanding assembly quality, first-rate materials, quiet operation, exceptional comfort and excellent value story."

Compact crossover SUVs have become an increasingly popular choice among drivers, as they offer the fuel efficiency of smaller vehicles while still providing more cargo space and passenger room. Some models in this class are relatively new to the market, but others, like the RAV4, have been around for many years, making it easy to find a used version at an affordable price. Drivers interested in getting behind the wheel of a compact crossover SUV can head over to New Jersey Auto Auction to check out the wide selection of makes and models and test drive a used CR-V, RAV4 or other small SUV.

Americans willing to pay more for fuel economy, survey says

When it comes to purchasing a vehicle, some people consider looks while others focus on features. However, it seems that, for many drivers, fuel economy is growing more important, and individuals are willing to shell out more money than they once were in an effort to avoid the pump.

The Detroit Free Press reports a new survey from market research firm Penn Schoen Berland suggests more Americans are not only willing to give up valuable time for the sake of fuel efficiency, but also their money. The study was backed by Ford as it pushes its eco-friendly vehicles.

In the survey, 25 percent of respondents said they would buy a car with hybrid technology if they had $1,000 in discretionary income. Additionally, the same amount of people answered in favor of energy efficient appliances and incorporating solar panels into their lives.

"As American consumers continue to get greener, Ford is rapidly introducing more fuel-saving technologies to expand the power of choice for leading fuel economy across our lineup," Raj Nair, Ford's head of global product development, said in a statement, according to the news provider. "The new Fusion with Auto Start-Stop technology is an affordable way for consumers to enjoy some hybrid benefits including improved urban fuel economy and cleaner air."

According to the Washington Post, the average passenger vehicle should be at 54.5 miles per gallon by 2025, thanks to new fuel economy standards. Those who are looking to trade down their gas guzzler in favor of a smaller, more fuel-efficient sedan may want to consider heading to a New Jersey State Auto to find an option that best fits their gas needs.

Amanda Bynes won’t stop putting the pedal to the metal

Actress Amanda Bynes has certainly found herself behind the wheel of controversy recently. After a slew of hit and runs and other driving mistakes, the former child star was asked by a judge to stop driving.

What's more, she's been doing so with a suspended license. People Magazine reports that Los Angeles Superior Court Judge Marsha Revel told the actress' attorney she cannot be driving without a valid driver's license.

Bynes' license was suspended after being charged in a DUI case and two counts of hit and run. However, multiple paparazzi have spotted her continuing to make her way around California despite having her license taken away. What's more, even after having her license taken away, she tapped the bumper of a parked car the next night and then drove off.

The Los Angeles Times reports Bynes was charged in two hit and run cases on April 10 and August 4 respectively. In August, the actress rear-ended a Toyota and stopped briefly, before deciding there was no damage and left. The victim said the actress refused to provide any information and left before calling the police, but Bynes said she and the victim agreed there was not enough damage.

Bynes' troubles began on April 6 when she was arrested for a DUI. It was the start of some bizarre behavior from the actress, who hasn't really helped her public image by going on Twitter rants.

"Hey @BarackObama … I don't drink," Bynes tweeted at the president following her arrest. "Please fire the cop who arrested me. I also don't hit and run. The end."

Bynes has been seen driving her BMW around, complete with scratches and dents from her many mishaps.

Those who have similar dings in their vehicles who don't want to pay for repair may want to consider heading to New Jersey State Auto, which offers a variety of vehicles fit for anyone's needs.

Toyota is Tops in Brand Loyalty, KBB Reports

Brand loyalty is important to help companies retain their customers as well as attract new ones, and Toyota is leading the race in the automotive industry. Kelley Blue Book recently announced that the Japanese automaker has remained on top when it comes to customer loyalty, a position it has held since the second quarter of 2010. This means more drivers trust Toyota enough to choose the automaker for their next vehicle than for any other brand.

"Toyota's reputation for quality, reliability and strong resale values undoubtedly contribute to the brand's success. New car shoppers on KBB.com continue to prove their love for Toyota, time and time again," said Arthur Henry, manager of market intelligence for Kelley Blue Book. "Recent redesigns of best-selling models like the Camry, and increasing popularity of fuel-sippers like the Prius family, continue to drive interest and traffic to Toyota's new cars on KBB.com. They brand also has very impressive, longstanding shopper loyalty statistics."

Loyal Toyota drivers in the market for their next vehicle don't necessarily need to shop for new models to get a good deal on a reliable model. Many of Toyota's recent vehicles are loaded with entertainment features and safety technology while still being fuel efficient and stylish, making used cars ideal. Even the Prius has been on the market for nearly a decade, so there are often used versions of this green vehicle as well. Car shoppers can head over to the New Jersey State Auto Auction to check out the dealer's selection of Toyota makes and models available now. Every car on the lot is CARFAX certified, so motorists know they'll be driving off the lot with a reliable set of wheels.

KBB Predicts New Car Sales Will Remain Strong in August

Car sales are a good indicator of the current economic climate, and a recent report by Kelley Blue Book (KBB) indicates that conditions are still looking positive. The industry experts at KBB predict that car sales will see a month-over-month improvement of 14.3 percent in August. The projected sales numbers are 18.7 percent ahead of the same month last year, but the report noted a slight decline in daily sales between July and August, due to a drop that typically occurs in the laters months of the year.

There is an especially noticeable surge in new car sales, and brands like Toyota and Honda are expected to have exceptionally strong numbers. This is due largely to the fact that the Japanese automakers are recovering from the earthquakes that stunted manufacturing and led to inventory shortages last year. The inventory shortages also caused used car prices to rise, which has driven consumers toward buying new cars, a trend that is still making an impact.

"Although economic jitters remain top-of-mind for many, those consumers seeking replacement vehicles continue to opt for new cars with used-car values," said Alec Gutierrez, senior market analyst of automotive insights for KBB. "In fact, a recent survey of KBB.com shoppers conducted by Kelley Blue Book Market INtelligence found that 53 percent of respondents indicated they were considering a new vehicle rather than used due to elevated used-car values."

However, the decision to purchase a used car versus buying a new vehicle should be carefully thought out, as there are distinct advantages to buying a used model. Previously-owned models depreciate less quickly than new cars, so when it comes time to trade in your current model, you'll likely get a higher return on your investment if you bought a used vehicle. Plus, there are still great deals to be had when it comes to buying used cars. A one-year-old model may be comparably priced to a new car, but shoppers can find a model with a few years under its belt that is affordable and reliable at NJ Auto Auction.

Porsche 911 Carrera S Chosen as Best Driver’s Car of 2012 by Motor Trend

Some cars are better than others in terms of fuel economy, others top the list when it comes to cargo space and comfort, and there are a few vehicles that are just plain fun to drive. The Porsche 911 Carrera S not only falls into the last category, but it tops the ranks, according to Motor Trend. The automotive news publication recently named the Carrera as the Best Driver's Car for 2012. To earn the title, the luxury sports car beat the competition in a series of tests, such as a 500-mile road trip, a closed-circuit driving course and a test drive by professional driver Randy Pobst at the Mazda Raceway Laguna Seca.

"Being named 'Motor Trend Best Driver's Car' is a testament to the work of the men and women in Weissach and Zuffenhausen who are so passionate about designing and building our sports cars," said Detlev von PLaten, president and CEO of Porsche Cars North America. "This accomplishment shows that the 911 still has the same magic it's had for nearly 50 years, as it continues to be both a great car to drive every day on the road and on the track."

Ever since its inception, the Porsche 911 has been turning heads and receiving accolades for excellence, so it comes as little surprise that the Carrera S was chosen as the winner of this competition. While many drivers may want to get behind the wheel of a sporty, dynamic vehicle like the 911, not everyone can afford this luxury model.

Those in the market for an affordable performance vehicle may want to stop by New Jersey State Auto Auction and browse the wide selection of makes and models. The dealer carries everything from economy cars and SUVs to luxury models and sports car, making it easy for car shoppers to find the vehicle they desire.

Total Car Score Highlights Top 10 New Cars

Fall is not too far off, which means dealers across the country are gearing up to start selling vehicles from the 2013 model year, and Total Car Score compiled a list of the Top 10 All-New Cars for 2013. The list includes all-new models, such as the Dodge Dart and the Subaru FR-S, as well as those that have been completely redesigned. Models that got a makeover worthy of the Top 10 list include the Ford Escape, Chevrolet Malibu and Ford Fusion. The Honda Accord, Dodge Ram 1500, Nissan Altima, Cadillac ATS and Hyundai Santa Fe completed the list.

"The average American consumer is driving an 11-year-old car. A huge slice of the public has held off on replacing their vehicles because of economic uncertainty. That means an unprecedented level of pent-up demand," said Karl Brauer, editor-in-chief of Total Car Score. "This will eventually lead to a flurry of sales as consumers replace their worn-out cars with new ones."

The Total Car Score list is a great jumping off point for drivers looking to purchase vehicles, as it highlights some of the best vehicles on the market. This can help point drivers in the right direction and give them a good perspective of what's available in their price range that suits their needs.

Not all drivers buy new cars, and those in the market for used cars who live in the New Jersey/New York area can head over to NJ Auto Auction to find the ride of their dreams. The dealer carries a wide variety of makes and models, all at affordable prices. Plus, every vehicle on the lot has been CARFAX certified, so drivers know they'll be getting behind the wheel of a reliable ride when they come to NJ Auto.

AAA Predicts Rise in Labor Day Travel

AAA experts predict approximately 33 million Americans are going to travel at least 50 miles to celebrate Labor Day this year. Some will reach their destination by air, but 85 percent of all Labor Day travelers plan to drive to their getaway destinations. The number of Americans who plan to drive this holiday weekend (28.2 million) has climbed 3.1 percent over the amount who got behind the wheel for this holiday last year.

In tough economic times, people have to cut back their spending and prioritize budgets, and in most cases, vacations are among the first expenses to go. However, a recent study by AAA found Americans are not giving up their getaways so easily. The economic recovery since the recession first hit in 2008 has been slow at best, but many families are taking the growth as a hopeful sign for the future. They're starting to return to their pre-recession habits, and this includes travel.

"In the absence of strong economic growth that might fuel a significant boost in travel volume, it is an encouraging sign that Americans continue to prioritize travel," said Bill Sutherland, vice president of AAA Travel Services. "Travel is still within America's discretionary spending budget."

Drivers who are planning to take to the roads and head to the Jersey Shore or find less crowded vacation spots should be sure their cars are up to snuff before the trip. The experts at New Jersey State Auto's Total Car Care Center can perform a routine tuneup and address any necessary repairs to keep drivers safe on the roads this holiday weekend.