Category Archives: Auto Industry News

Tuners tracking Tokyo Motor Show reminded of used Toyota Supras in New York

Toyota is known for reliable cars that have a habit of enjoying excellent sales and inciting yawns among automotive journalists who consider the automaker a bastion of reliable and bland cars. Two new offerings shown at the Tokyo Motor Show have caused several changes of heart, and remind some of the glory days last seen in used Toyota Supras in New York.

Back in the early 1990s, the Toyota Supra faced off against the Acura NSX, Nissan 300ZX and Mazda RX-7 in a field of mid-$50,000 sports cars with twin-turbo engines and a fair amount of performance. Since then Toyota hasn’t had an offering that compares, until it rolled out the Lexus LFA and the FT-86 concept.

The LFA has a V-10 engine, supercar styling and a price tag to match: $400,000. On the more affordable scale is the FT-86, a joint venture with Subaru that is supposed to offer a low-cost, rear-wheel drive coupe for mass consumption.

That may sound a lot like the list of wants for prospective owners considering used Toyota Supras in New York, which come with more horsepower stock because of a larger engine and are already available. Either way, the two concept cars indicate a shift in the Japanese automakers design philosophy.

More people enticed by used cars in New Jersey than newer models

A new poll analyzed by AdWeek finds that drivers are using their vehicles less, but those looking for an affordable deal are now considering used cars in New Jersey and other states.

Roughly half of the respondents who talked to Harris Interactive said their next car would likely be pre-owned, a 6 percent uptick since April. It reflects buyers’ belief that there is still a price differential between new cars and used cars in New Jersey.

“It’s nice, it’s got the power-fold seats, the automatic lift gate. It’s pretty much fully loaded,” Samuel Varner told SCNow.com, adding that the used Lincoln Navigator was more cost effective than newer models. Dealers are saying that buyers like Varner are being enticed by higher values for trade-ins because of a decrease in the supply of the vehicles.

The purchases of used cars are remaining steady in spite of the supply decline caused by Cash for Clunkers, and even a slight uptick in prices to compensate for the smaller number, added the news provider. Those prices could rise for buyers who wait, however, according to some industry experts.

NASCAR unveiling could remind buyers of used Ford Mustangs in New York

“Race on Sunday and sell on Monday” was a popular adage that used to drive automakers to support racing teams with high-horsepower versions of commercially available vehicles. Ford is making a step back in that direction with the new NASCAR Nationwide series car that looks a lot like used Ford Mustangs in New York.

It has been years since pony cars last played a large role in the stock car series, and with General Motors backing out of a Chevrolet Camaro design, it looks like the Mustang race car will be facing off against Toyota Camrys and Chevrolet Impalas next year.

“I have been a Mustang owner and enthusiast for many years myself so this is an exciting day to see this car racing in NASCAR,” said car owner Jack Roush. “My teams have won several road racing championships over the years in Mustangs, and I look forward to winning more with [the three team drivers competing in the Nationwide Series].”

Unlike the Sprint Cup versions of stock vehicles, the Nationwide cars are expected to more closely resemble the new and used Ford Mustangs in New York that people can see at auction lots or at dealerships.

Purchase confirmed in deal that could leave owners of used cars in New Jersey wary

General Motors is still trying to shed some of its niche businesses, selling Saab to a supercar manufacturer and attempting to slough off Saturn on a major automotive parts dealer. When it comes to its largest vehicles, it took a trip to China in a move that could leave some owners of used cars in New Jersey shaking their head.

The company announced that a memorandum of understanding is now in place to sell Hummer to a Chinese industrial manufacturer, although the base of operations and assembly will remain in the U.S., according to GM officials.

Interestingly, the press release notes that the automaker sold 8.5 million cars under the “Buick, Cadillac, Chevrolet, GMC, GM Daewoo, Holden, Hummer, Opel, Pontiac, Saab, Saturn, Vauxhall and Wuling” nameplates.

Owners of used cars in New Jersey may know that only Buick, Cadillac, Chevrolet and GMC will continue to be sold as U.S. models from GM starting in 2010.

The news could hearten some who look to Hummer as a potential supplier of future used cars in New Jersey, but the press release detailed little of how the new owners would operate the brand.

Zip ties may be the reason to overlook new models and buy used Toyotas in New Jersey

If you have ever tried to repair your own vehicle with little or no training, you might have tried some combination of duct tape and/or zip ties to keep everything intact. Unfortunately, Toyota is telling dealers to use the latter to fix an interior problem, and buyers may want to shift their focus to used Toyotas in New Jersey.

Nearly 4 million Toyotas are being taken off the road because of a voluntary recall initiated by the automaker. It’s been reported that in one crash, the driver’s side floor mat became lodged in the gas pedal mechanism, leading to uncontrollably high speeds that resulted in at least one crash.

In response, the Japanese car company is asking dealers to remedy the situation by using zip ties to attach the driver’s side mat to the seat assembly, preventing it from becoming lodged underneath one’s feet, reports Automotive News.

“We have reviewed with the National Highway Traffic Safety Administration what we’re calling a semipermanent floor mat installation process, and we’re providing these instructions to our dealers,” company spokesman Brian Lyons told the news provider. For those who would rather their interiors look a bit cleaner, used Toyota Camrys in New Jersey made before 2007 don’t have this issue.

New car purchases decline, buyers may find savings in used cars in New Jersey

Cash for Clunkers is over, and the hangover has set in for dealerships trying to sell new vehicles, according to some industry reports. Now may be the time for some shoppers to take a look at used cars in New Jersey, where values have remained constant without government assistance.

Roughly half of the buyers considering a vehicle purchase are putting off plans to purchase a new car, reports the staff at Kelley Blue Book. New incentive packages and initiatives like General Motors’ 60-day money back guarantee have done little to change attitudes; more than 60 percent say incentives play no role in their purchase plans.

“With the ongoing economic recession and the Cash for Clunkers stimulus program over, the latest Kelley Blue Book Market Intelligence data shows that availability of incentives and rebates is no longer enough to persuade car shoppers to deviate from their intended purchase timeframe,” said James Bell, Kelley Blue Book executive market analyst.

Although some buyers indicated that they would be willing to pay more for their next vehicle than they would have several months ago, a used car in New Jersey could offer more value for an owner’s budget.

Drivers of used cars in New York should put away the cell phone on interstate trips

Bans on texting and driving, or on cell phone use in general, are already well known in some Northeast states, but owners of used cars in New York may want to be mindful of a new legislative push to make the ban a nationwide prospect.

Following a summit in Washington, DC, President Obama recently announced that 3 million federal employees throughout the nation would be asked to stop texting while driving, though enforcement is still an issue, reports the Washington Times. There is now a 90-day period where administration officials will decide how to punish employees caught in contravention of the new executive order.

“Text messaging causes drivers to take their eyes off the road and at least one hand off the steering wheel, endangering both themselves and others,” noted the president in the order, according to the newspaper. His goal of reducing texting may also be supported by some in Congress.

Senator Chuck Schumer has already seen how the bans affect drivers of used cars in New York as well as other vehicles in his home state, and has called for a bill that would cut highway funding to states that refuse to institute similar regulations.

Automakers’ incentives uptick aren’t going to match value of used cars in New Jersey

Edmunds.com recently issued a report finding that domestic automakers are continuing to increase the incentives for new cars offered at dealerships. Buyers looking for a deal may think they’re finding savings, but it’s likely that used cars in New Jersey will still offer a better price point.

The site is reporting that dealerships are offering price cuts or payment assistance that averaged $3,500 in September, with performance automobiles and SUVs receiving the deepest discounts. Comparatively, foreign automakers are cutting back on the deals offered to consumers.

“After five straight months of decline, incentives are on the rise again,” stated Jessica Caldwell, Edmunds.com director of industry analysis. “And now that Cash for Clunkers is over, automakers have to give consumers an incentive to buy – out of their own pockets, not the taxpayers.”

But one doesn’t need to resort to a pen and paper to see that used cars in New Jersey are the better deal. A new car depreciates as much as 20 percent as soon as it leaves the lot, so a new car would have to be priced at less than $14,000 and still receive the $3,500 discount to be as inexpensive as a pre-owned option. Comparing the two sets of prices may point frugal buyers to a more cost-effective option.

Production concerns cited as reason behind acquisition failure affecting used Saturns in New York

Roger Penske, owner of the international Penske brand, had said that he wanted to buy the Saturn nameplate, extend General Motors production of the vehicle lines, and then eventually contract out new design work since beginning purchase talks in June. Now fans of the quirky brand may need to restrict their searches to used Saturns in New York.

While General Motors had been amenable to a situation where it would continue to produce Saturns for a short while before Penske would need to find another contracted manufacturer. The group had made one attempt, and failed, leaving officials no choice but to terminate the plans to acquire Saturn, the company reported.

It represents a stark turnaround from news just a day ago suggesting that the two companies were close to a deal, when the Detroit Free Press announced that a deal could be expected on September 30. Although some paperwork was already in place with Saturn dealerships, it now remains to be seen if new models will join used Saturns in New York.

Ebay trial ends, buyers may want to price out used cars in New Jersey

General Motors has been trying a variety of new ideas as it seeks to become profitable following a government bailout. One of them was a partnership with online auction site eBay, but low prices aren’t likely to be found on new cars there anytime soon, opening up the possibility of looking for inexpensive used cars in New Jersey instead.

In fact, dealers told the Wall Street Journal that they were consistently receiving bids that were far below the market value of the car, and that sifting through them was a hassle, along with the fact that there did not seem to be much interest.

“Being the first manufacturer out there to put new vehicles online, I think in just that six-week period, it shows you that there were a lot of people looking at these vehicles who weren’t looking at those vehicles before,” GM spokesman John McDonald told cnet. “We’re not fire-selling vehicles on eBay, [so] there’s a certain amount of user education in that, and a certain amount of dealer education.”

The bids made that were too low for new car dealers may receive more attention from those selling used cars in New Jersey, however, because of price depreciation.