Auto Loan Delinquencies Reach 13-year Low

Lenders have become increasingly likely to approve loans for people looking to a buy a used car in New Jersey or elsewhere, and it looks like their trust in consumers has been rewarded. The rate of late auto loan payments is currently at its lowest point in 13 years, according to The Associated Press.

From January to March of this year, the number of auto loan payments that were at least 60 days overdue dropped significantly to a national level of 0.36, good for a decrease of about 27 percent compared to the same period in 2011. The findings are especially encouraging given that lenders are approving financing for even the most high risk borrowers. Additionally, consumers seem to be especially likely to prioritize their car payments.

"Consumers have done a very good job of adjusting to their ever-changing circumstances and managing their debt load," Peter Turek, a vice president at TransUnion's financial services business unit, told the AP. "The data show consumers are, in fact, paying their auto loans more on time than other loan products."

This marks the 10th consecutive quarter that auto loan delinquency rates have been lower than the previous year's quarter. Experts say a lot of that can be chalked up to the fact that the recession caused many consumers to make paying off loans and other debts a priority.

If you're still concerned about being approved for a loan, you should head to New Jersey State Auto Auction. Thanks to a partnership with the Credit Acceptance Corporation, NJ Auto is able to offer guaranteed credit approval, regardless of your past history, and there's no better way to rebuild your credit score than by making loan payments on time.

Test Drives Are Key To Finding the Right Vehicle

There are many different aspects consumers needs to pay attention to when shopping for new or used cars in New Jersey. Everything from researching the market value of the vehicle to finding out how it compares to similar makes and models can contribute to the final decision, but the test drive is the best chance to really find out if a certain vehicle is right for you. Getting behind the wheel gives you the chance to check for any issues with how the car drives, the interior features and other things like visibility and cargo space.

"The test drive can be the most important aspect of buying a new or used car, but it's also one of the most overlooked," said Joe Wiesenfelder, executive editor for Cars.com. "We want to ensure that shoppers don't let their emotions get the best of them when they should be gathering the important information they need to make the right purchase."

Cars.com recommends giving the vehicle a thorough once-over before you even start it up. Checking the door handles, power windows, radio and other features is a good start, especially when choosing a used vehicle. There may be something minor, such as a seat adjuster that sticks, that will wind up driving you up a wall if you buy the car. When you're sitting in the driver's seat, make sure you have clear visibility. You may find the SUV you had your heart on makes it next to impossible to see behind you. Cars.com recommends checking the storage space of the vehicle to ensure it will fit your needs.

New Jersey State Auto Auction carries a wide variety of makes and models, giving you will have plenty of options to choose from. Plus, all their vehicles are CARFAX certified, so you know you're getting a reliable vehicle.

Stay Safe on the Road This Memorial Day Weekend

Whether you're planning to hop in the car and head to the beach or you just want to stay home and enjoy the holiday weekend, you should be sure to keep car safety in mind. Memorial Day is notorious for celebrations and barbeques, and this often includes indulging in a few alcoholic drinks. Mothers Against Drunk Driving (MADD) is reminding people to think twice before getting behind the wheel after the parties are over.

"MADD wants people to be safe on the roads this holiday weekend, so we have some tips to help," said MADD national president Jan Withers. "Coupled with law enforcement's efforts to deter and detect drunk driving, we hope this information will help keep our loved ones safe."

The organization recommends people plan ahead if they want to commemorate the beginning of summer with a few brews. Choose a designated driver before the festivities begin, and be extra careful and aware on the road. There is likely to be an increase of pedestrians, so it's especially important to observe the speed limits and pay attention to everything going on around you. MADD also suggests watching out for other motorists who appear to be driving erratically. If you notice this behavior, it is best to stay out of their way. If they are behind you, pull over and let them pass rather than risk being nearby if they lose control of their vehicle.

It can also be a good idea to get a tuneup before the weekend to ensure your car is running smoothly and reduce the risk of a crash when you're trying to enjoy the holiday. The automotive experts at New Jersey State Auto Auction's Total Car Care Center can perform routine maintenance and address any necessary repairs so your car is running well this Memorial Day.

Fuel Economy Continues to Drive Consumers’ Car-Buying Decisions

The  price of gas may have stopped climbing for the moment, but drivers are still concerned with fuel economy when it comes to picking out their next vehicles. A recent survey conducted by Consumer Reports found fuel efficiency is the most important factor for the majority of drivers. Roughly 37 percent of survey respondents said this was their top concern, while quality (17 percent) and safety (16 percent) rounded out the top three. Value (14 percent) and performance (6 percent) were also leading factors.

"These results make it clear that high fuel prices are continuing to impact driver behavior and influencing future purchase considerations," said Jeff Bartlett, deputy auto editor for Consumer Reports. "While quality, safety and value are still important, this may be foreshadowing a market shift by folks seeking relief at the pump."

Choosing a fuel efficient vehicle was not all about saving money either, as 65 percent of female drivers and 58 percent of men claimed they wanted to get behind the wheel of a vehicle with decent fuel economy to reduce their impact on the environment. Vehicles with alternative options, such as electric, hybrid and diesel cars, are gaining popularity as well, according to the survey results. More drivers (73 percent) are willing to consider these types of vehicles that ever before.

Whether drivers want to get behind the wheel of an electric car like the Chevy Volt or a hybrid like the best-selling Toyota Prius, they can head to New Jersey State Auto Auction. The deal has a wide selection of used cars in NJ to choose from, including alternative fuel options as well as efficient gasoline-powered models.

Always Research Vehicles Prior to Buying to Avoid Lemons

If you are not thorough when you purchase a used car, you could end up with a lemon. Unlike reputable car dealerships in New Jersey like NJ State Auto Auction, some dealers may try to pull the wool over your eyes to make a quick buck. Before you purchase a car, it is always wise to check the vehicle history report to find out if there have been any major repairs. This could bring down the value of the car as well as increase the odds of encountering a major mechanical problem early in ownership.

Some dealers are up front about their inventory such as New Jersey State Auto Auction, which guarantees all its cars are CARFAX certified. A CARFAX report not only details the individual vehicle's history, but alerts drivers to any recalls that have been made on that particular make and model. CBS News reports this excludes BMW, Toyota, Volkswagen, and Lexus, as these automakers refuse to work with CARFAX. For these brands, and as added assurance for others, you can have an independent mechanic inspect the vehicle you want before you buy it to look for signs of
previous repairs or major damage.

If you do encounter mechanical problems with used cars in NJ, you can bring them to the Total Car Care Center at NJ Auction. The certified mechanics at this Jersey City shop can help you sort out any necessary repairs as well as perform maintenance to keep your used vehicle on the road. The service is available to drivers whether they bought their cars at NJ Auto or from independent sellers.

TrueCar.com Scorecards Rank BMW On Top

Whether shopping for new or used cars in NJ, drivers should research their options before making a decision, as a vehicle is a major purchase. There are more resources available to motorists these days, and TrueCar.com recently released its latest Performance Scorecards. These monthly reviews assess automakers in a number of categories – including price, sales, incentives and brand loyalty.

This month BMW, General Motors, Mazda and Volkswagen had the most improvement over last month's scores. BMW came out on top of the list in general, with an A+ rating for brand as well as manufacturer. Fiat tied the German car company for first place by brand. Kia, Audi and Land Rover rounded out the top five. The scorecard ratings only rank the top three manufacturers, and Subaru and Jaguar came in just behind BMW with A grades.

On the other end of the spectrum, Volvo took a turn for the worse. TrueCar.com also reports the lowest grades by manufacturer and brand. Volvo's manufacturer score dipped from a C to a D+, putting it in third place. However, the Swedish brand had the worst scorecard, with a D- rating.

It is important to bear in mind that these scorecards are based upon new sales and more recent models. For example, Volvo has a reputation for producing safe, reliable vehicles that will last a long time. Drivers looking to get behind the wheel of a used Volvo or any other model can head to New Jersey State Auto Auction. The dealer offers a variety of vehicles at affordable prices, and each car is CARFAX certified so consumers know they'll be driving away in a reliable ride.

Diane Kruger Gushes About Latest Mercedes

One of Germany's best-known automakers just received some praise from one of the country's most famous actresses to help tout eco-friendly vehicles. "Inglourious Basterds" star Diane Kruger recently purchased the  B-Class F-Cell – first electric fuel cell vehicle from Mercedes-Benz available in the United States.

Kruger is one of the first people in the country to get behind the wheel of the innovative vehicle, which has a range of up to 240 miles on one charge. That amounts to an equivalent of about 55 miles per gallon, all while emitting only water vapor. Kruger had nothing but good things to say about the eco-friendly luxury vehicle.

"I'm excited to be driving the F-Cell. It's environmentally conscious, fun to drive and gets lots of attention on the streets," she said.  "I can travel more than 200 miles on a full tank and it's easy to refuel."

Although the F-Cell may be the most eco-friendly model offered by Mercedes, it is not the only one. The luxury automaker also provides consumers with eight different alternative powertrain options. Among them is the S400 Hybrid, which turns off its gasoline engine when stopped at a traffic light. When the driver releases his or her foot from the break, the engine starts back up, reducing idling time that can put a dent in a car's gas mileage.

According to Mercedes, there are many more famous faces who have opted to get behind the wheel of eco-friendly models including Bryan Cranston, Nick Swisher and "Modern Family" star Sofia Vergara.

While the availability of the F-Cell may still be limited, there are plenty of environmentally-friendly used cars in New Jersey to choose from at New Jersey State Auto Auction. With a wide variety of makes and models at affordable prices, you don't have to be a celebrity to drive off in style.

Study finds women are better drivers than men

"Anything you can do, I can do better."

The famous line from Annie Get Your Gun may come to mind with the release of a new study by 4AutoInsuraceQuote.com that shows female drivers are safer behind the wheel than their male counterparts. The study examined traffic violations and car accidents and found men are the cause of 80 percent of serious and fatal accidents. They're also 27 percent more likely to be involved in car crashes than the fairer sex.

"As a man, it's tough to admit," said James Schaffer, CEO of 4AutoInsuranceQuotes.com. "But if you look at the statistics, females are better drivers… by a long shot! It's almost scary how bad the average American male is at driving. Blame it on whatever you want – high testosterone, higher propensity to take risks or higher levels of aggression, but the fact remains – men simply make too many mistakes behind the wheel."

In every category, men fared worse than women. For instance, when it came to reports of driving under the influence, for every one female with a DUI, 3.08 males were guilty of the same charge. The gaps between the sexes may have something to do with the fact men put more miles on their cars than women.

Whether drivers have been in accidents or they just want to keep their car running well to reduce the risk of a crash, they can take their vehicles to New Jersey State Auto Auction's Total Car Care Center. Certified mechanics can perform routine maintenance and address repairs to get motorists back on the road.

Martin Scorsese Will Produce Rolls-Royce Flick

Legendary filmmaker Martin Scorsese recently signed on to produce "Silver Ghost,' a movie about the lives and love affairs of Henry Royce and Charles Rolls. The film will focus on both the founding of the luxurious Rolls-Royce brand and a love affair between a very special Rolls-Royce model and Lord Montagu of Beaulieu, according to The Press Association.

Lord Montagu was heavily involved in the automotive world during his time in Parliament in the early 1900s. His mistress, Eleanor Thornton, is tied to the Rolls-Royce brand because she is the woman upon whom the brand's "Spirit of Ecstasy" emblem was based, Top Gear reports.

"When I read the story of 'Silver Ghost,' I was mesmerized," Scorsese said of his initial interest in the movie. "I immediately thought this is a picture that has to be made. And when I was asked to come aboard as a producer alongside Richard Attenborough and Anthony Haas, I didn't hesitate for a moment."

Scorsese, who has directed films such as "Hugo," "The Departed," "Taxi Driver" and "Goodfellas", has a knack for creating award-winning films that are well-crafted and beautiful. Actress Kiera Knightley's mother Sharman MacDonald wrote the screenplay for the movie, which has AutoBlog hoping her daughter will be cast as the leading lady.

Rolls-Royce vehicles are as well-known for their elegance and luxury features as they are for their expensive price tags. Drivers looking for used cars in New Jersey can head to the New Jersey State Auto Auction to find an affordable and luxurious model that suits their needs. They may not be able to get behind the wheel of a Phantom or a Ghost, but there are plenty of different makes and models to choose from.

Keep Bikes in Mind to Be Safe This Summer

As the weather gets warmer, motorists need to be aware of cyclists and share the road. AAA, in partnership with the League of American Bicyclists, is raising awareness of road safety during May, which is National Bike Month. The organizations have published a number of safety videos for drivers and cyclists on ShareTheRoad.AAA.com.

"This spring, warm weather is enticing more bicyclists to the roadways," said Rhonda Shah, AAA's traffic safety project manager. "And sadly, in 2010, 628 bicyclists were killed in traffic crashes and an additional 52,000 were injured."

AAA offered a few tips for motorists to keep in mind as they hit the roads this spring and summer. Most importantly, drivers need to remember to share the road and pay attention to bicycles. Cyclists who ride in the road are subjected to the same rules and regulations as those behind the wheel of a car and deserve the same respect. Check your mirrors and your blind spots for cyclists before you change lanes, make turns or open your doors.

It is also important for drivers to resist the urge to honk their horn at cyclists. While this action is necessary to get the attention of other drivers in emergency situations, a horn is much louder to someone on a bike than it is to another driver. The sudden sound can startle a biker and cause them to swerve or even fall.

Some cars are equipped with blind spot detection and other warning systems that can help drivers stay safe around cyclists. Those looking for used cars in New Jersey may find vehicles with these and other helpful safety features at New Jersey State Auto Auction. The automaker has a variety of makes and models, including many newer autos with the latest amenities.