Although Hyundai has had the largest jump in transaction prices so far this year, U.S. automakers have also made gains they haven’t seen in years. According to Edmunds.com data, car-buyers spent an average of $29,217 on their purchases through the first five months of this year. GM and Ford both exceeded that number, and Chrysler [Read More]
After 10 years of production, the once popular Chrysler PT Cruisers will cease to be produced on July 9th. In that 10-year period, Chrysler sold more than 1.3 million PT Cruisers. The retro hatchback was initially its best-selling vehicle, but the automaker neglected it, refusing to update the platform. As a result, the PT Cruiser [Read More]
A recent Consumer Reports survey reveals that Toyota`s brand loyalty has taken a hit as result of its safety recall crisis, allowing Honda and Ford to move ahead to the top spots. According to the survey, 57 percent of current Toyota owners would “most likely” buy another vehicle from the Japanese automaker, down from 70 [Read More]
According to dealers and others familiar with the company’s product plan, Chrysler will ditch the Sebring name for “Nassau” for its next mid-sized sedan. The change is seen as an effort by Chrysler to re-establish credibility in the high-volume mid-size car segment after the Sebring — criticized for its cheap interior and poor quality — [Read More]
A new poll by the Associated Press shows that 38 percent of Americans favor domestic vehicles, while only 32 percent thought Asian automakers made better cars. As for European cars, only 15 percent of those surveyed felt they were best, which was down by two percent from a similar poll carried out in 2006. In [Read More]
