Nissan Qashqai in the Sunderland, UK plant. A report released by the Society for Motor Manufacturers and Traders (SMMT) showed that UK sales figures for new cars hit a five year high in September, continuing a trend for increasing new sales. This bucks the trend for elsewhere in Europe, where new car sales fell to their lowest level since 1990 earlier this year, in part down to huge economic difficulties in countries like Cyprus and Spain. Given that the UK’s car market is the second biggest in Europe, behind only Germany in terms of sales figures, this is fantastic news for new car sales in the EU – and could potentially help to bolster sales across the board. This post, courtesy of Advanced Vehicle Leasing, runs through what economic changes, and changes in the new car market, have led to such a rise. Increasing Consumer Confidence Contrary to many other areas in Europe, consumer confidence in the UK is gradually rising as reports of economic recovery across the … [Read more...] about Guest post: UK Sales of new cars are at 5 year high – but what’s behind the rise?
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Earlier this summer, I received an email from a distraught Chicagoan asking if I knew anyone who would save her family’s recently totaled, beloved Jeep from the crusher. I did know someone: me. But the two-month saga I went through to acquire the vehicle nearly broke my soul. When I originally started writing this article a few weeks ago, the headline read “How I Lost My Dream Jeep Before Ever Having a Chance to Buy It,” and the opening paragraph concluded with “Sadly, what seemed like me landing a jackpot ended up turning into a total shitshow.” That second bit is still accurate, but the first part—an expression of how, at one point, I really had lost all hope—no longer is thanks to a last-ditch effort. Because now the Jeep is in my driveway. Before I start, allow me to personally apologize to my boss, Patrick George, who begged for my next car to not be a Jeep, so that I could stretch my skills as a writer and mechanic. A nice … [Read more...] about I Went Through Hell to Buy This 1991 Jeep Cherokee But Now I Have My Dream Car
One day last December, Tanisha Coley visited a Kia dealership in Stamford, Connecticut and filled out a computer-based credit application to figure out what kind of car she could afford. Soon after, she left without buying a vehicle, but ended up more than $17,000 in debt anyway. Weeks later, Coley discovered something alarming had been registered on her credit report: an auto loan, opened on Dec. 12, 2016 at the dealer, for a 2013 Mazda. The loan had a total balance of $17,737, the report said. But Coley was nowhere near the dealer that day, her attorney, Joanne Faulkner, said. “The dealer actually called her that day and said, ‘We’re still trying to get you this car,’” Faulkner told Jalopnik. The Kia dealer, according to a lawsuit Coley later filed, “had electronically booked the car loan for Ms. Coley with Credit Acceptance Corp. for a 2013 Mazda that she never purchased or took possession of.” The car was a ghost. Coley, a mother of five, … [Read more...] about Car Dealers Are Using Electronic Loan Contracts To Scam Buyers Into Horrible Situations
Insurance companies are quick to write off a car with water damage because the body and other metal parts eventually will start to rust. Chris Sadowski/Getty Images You can sell a car that's been under water — as long as you're honest about it, and the title is branded as a flood salvage. Oh, and as long as you have realistic expectations. Really, though, if your car gets damaged in a flood, take the insurance money and don't look back. Frankly, not many people want a car that's been flooded, which is probably why you're trying to sell yours in the first place. Insurance companies are quick to total a car with water damage because the entire car is often affected. The interior will get musty and, eventually, moldy. The body and other metal parts will start to rust. If the water got inside the engine, it can sometimes be fixed — but only after it's been thoroughly dried out before being started. And even if your engine is salvageable, it's not always possible to save … [Read more...] about Can you sell a car that has been under water?
Could sitting with a car salesperson haggling over numbers one day be a thing of the past? Westend61/Getty Images As much as we all love the car-buying experience, there could be big changes on the horizon. In mid-October 2017, two car makers at opposite ends of the market announced they're making adjustments to the way consumers buy their cars. Hyundai Motor Co. plans to streamline its car-buying process by first making prices more transparent. This alone should alleviate some of the advantage its salespeople have over consumers. Buyers also will be able to complete most paperwork upfront from the comfort of their own homes, and if they have a change of heart after signing the dotted line, Hyundai will offer a three-day money-back guarantee on their purchase. The new plan kicks off in select Hyundai dealerships in Florida and Texas, and is expected to roll out across the United States in early 2018. Porsche is also changing things for its customers. Starting in November, the luxe … [Read more...] about Is the Car Dealership Model Outdated?